Brazil’s Petrobras Plans Up to $55 Billion in Dividends by 2029

Petrobras plans to pay ordinary dividends totaling $45 billion-$55 billion by 2029, with room for additional extraordinary distributions to shareholders in the period, the Brazilian state oil and gas giant said in the presentation of its five-year business plan. “Robust free cash flow allows for solid dividend estimates, projecting US$ 45-55 billion in ordinary dividends in the base case, with flexibility for extraordinary payments,” the company said. In its new 2025-2029 business plan, Petrobras plans total investments of $111 billion…