Petrobras Announces $20 Billion Dividend Payout and $111 Billion Investment Plan

The Brazilian oil giant outlines a five-year strategy focusing on shareholder returns, sustainable growth, and increased production capacity.

Petrobras will distribute an extraordinary dividend of R$ 20 billion (approximately $3.4 billion) to shareholders in December 2024, with ADR holders receiving payments in early January 2025.
The company plans to allocate $111 billion in investments from 2025 to 2029, with $77 billion dedicated to exploration and production projects, emphasizing pre-salt assets for high-quality, low-emission oil output.
Petrobras has committed to returning $45 billion to $55 billion in ordinary dividends by 2029, with an additional $10 billion reserved for extraordinary payouts or strategic projects.
The new business plan includes expanding renewable energy initiatives, such as solar, onshore wind, biofuels, and a return to ethanol production, allocating $11 billion to low-carbon projects.
Petrobras has increased its debt ceiling to $75 billion, providing flexibility for funding while maintaining strong leverage metrics and robust free cash flow projections.