Petrobras distributes up to 25% more dividends than international competitors

The Swiss bank UBS made an estimate showing that Petrobras should distribute the equivalent of 28% of its share price in dividends to its shareholders. That is, the investor who bought R$ 100 in shares of the state-owned company in 2022 would have obtained, during the year, R$ 28 in profit shared by the company.

When comparing with other international oil companies, Petrobras comes out ahead. China’s Sinopec distributes 9% in dividends. Then come Exxon and Saudi Aramco, with 4%. Finally, Chevron and Shell with a distribution of 3% in dividends.

The estimate was made in the second half of last year, therefore, Petrobras data was not yet closed.

The issue of dividend distribution has generated criticism from PT representatives. The party president, Gleisi Hoffman, defended, in her social networks, that the model carried out by the state-owned company should be reviewed.

The expectation of party members is that the current president of Petrobras, Jean Paul Prates, seeks to bring these percentages closer to those of international competitors.

*Published by Pedro Zanatta, CNN.

Source: CNN Brasil

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