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 compared 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. Therefore, proportionally, the payment of dividends by Petrobras is more than 9 times greater than that seen in large international competitors.
The estimate was made in the second half of last year, therefore, Petrobras data was not yet closed.
Analysts in the oil and gas sector explain this difference with Petrobras’ efficiency. While the Brazilian state-owned oil company had a barrel extraction cost of US$ 5.85, large international competitors have expenses that can vary between US$ 15 and US$ 25 per barrel. Petrobras data refer to the third quarter of 2022.
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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