On March 18, 2024, Petroleo Brasileiro SA Petrobras (Petrobras) addressed recent media reports and reiterated that no promise of paying extraordinary dividends was made during its January 2024 Deep Dive event with analysts and investors. The company clarified that the presentation materials, which are publicly available, did not signal any extraordinary dividend payments but outlined the general process and parameters for shareholder remuneration decisions. Petrobras emphasized that dividend decisions are subject to a comprehensive analysis of various factors and are not guaranteed. The company also noted that analysts' projections for extraordinary dividends, circulating since October 2023, are based on their own assessments and are not under Petrobras' control. The Board of Executive Officers had proposed distributing 50% of the reserve for extraordinary dividends, a decision...Show More

On March 18, 2024, Petroleo Brasileiro SA Petrobras (Petrobras) addressed recent media reports and reiterated that no promise of paying extraordinary dividends was made during its January 2024 Deep Dive event with analysts and investors. The company clarified that the presentation materials, which are publicly available, did not signal any extraordinary dividend payments but outlined the general process and parameters for shareholder remuneration decisions. Petrobras emphasized that dividend decisions are subject to a comprehensive analysis of various factors and are not guaranteed. The company also noted that analysts' projections for extraordinary dividends, circulating since October 2023, are based on their own assessments and are not under Petrobras' control. The Board of Executive Officers had proposed distributing 50% of the reserve for extraordinary dividends, a decision based on the technical area's documents and past decision-making history. However, the parameters for paying extraordinary dividends in 2022 were specific to that year's conditions and are not a standard for future payments. The final decision on the dividend proposal was made by the Board of Directors on March 7 and will be presented to the General Shareholders' Meeting.