Despite The Price Of Brent Oil Plummeting, Petrobras May Pay Extraordinary Dividends Of Over R$ 60 Billion Next Week

Written by Flavia Marinho

Published on 30/10/2022 at 13:41

Lucros e dividendo Petrobras

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Brazilian Oil Giant’s Profits Are Soaring and Petrobras May Pay Up to US$ 12 Billion in Dividends!

According to the financial group’s report, Goldman Sachs, Petrobras is expected to pay US$ 12 billion in dividends along with its earnings release, which will occur on November 3. Goldman Sachs’ expectations are based on studies of the oil company’s third-quarter numbers for 2022.

According to Goldman, this amount implies a dividend return (dividend yield) of 14%, which Petrobras would pay for the rest of 2022, maintaining a cash position of 9%.

For the financial group, the minimum that Petrobras could pay would be US$ 6.7 billion, considering the distribution of 60% of the profit. It is worth noting that the oil company has been paying more than the total implied in the formula.

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Brent Oil Price Fell About 12% but It Won’t Hinder the State-Owned Company from Paying Billion-Dollar Dividends

Despite the drop in Brent oil price, which fell about 12% between July and September, analysts from BTG, a Brazilian investment bank, believe that Petrobras will generate good cash flow and estimates that the state-owned company will announce dividends of US$ 6.5 billion.

“Lower oil prices are expected to affect EBITDA, but investors should still expect a solid display from what has become a cash-generating machine,” analysts said.

According to analysts from Credit Suisse, a Swiss investment bank, they claim that after reading the numbers “marginally negative” for the third quarter, the results should still be “solid.”

“The results are likely not to be as exciting as in the second quarter, when Petrobras paid extraordinary dividends, but we still see a solid free cash flow generation of about US$ 9 billion in the quarter. This should lead to dividends of US$ 6-9 billion in the third quarter, in our opinion”, they said.

Despite The Price Of Brent Oil Plummeting, Petrobras May Pay Extraordinary Dividends Of Over R$ 60 Billion Next Week

Brazilian Oil Giant’s Profits Are Soaring and Petrobras May Pay Up to US$ 12 Billion in Dividends!

Brent Oil Price Fell About 12% but It Won’t Hinder the State-Owned Company from Paying Billion-Dollar Dividends

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Despite The Price Of Brent Oil Plummeting, Petrobras May Pay Extraordinary Dividends Of Over R$ 60 Billion Next Week

Brazilian Oil Giant’s Profits Are Soaring and Petrobras May Pay Up to US$ 12 Billion in Dividends!

Brent Oil Price Fell About 12% but It Won’t Hinder the State-Owned Company from Paying Billion-Dollar Dividends

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

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Train of up to 111 tons leaves China for Brazil, crosses almost 20,000 km in up to 70 days by ship, and arrives in São Paulo in such a tight operation that a truck even had to deflate its tires to pass under a viaduct.