Petrobras (PETR4) Seeks To Assure Investors Regarding Its New Investment Policy And Guarantees Dividend Payments.

Written by Paulo Nogueira Published on 13/11/2023 at 02:19 Updated on 13/11/2023 at 08:22

10 nov 2023 14h00 – Atualizado 6 horas atrás

‘The Strategic Plan for the Period of 2024-2028 Needs to Be Disclosed by the End of November.’

After the results were announced, the management of Petrobras (PETR4) sought to reassure investors regarding the future of the state-owned company’s investment policy, amid rumors about the new business plan that will be released soon.

With the imminent new strategic plan and the history of managements appointed by other governments, investors are attentive to the signals that Petrobras will give regarding the creation of new businesses. There are fears that this could affect the company’s financial health and the distribution of dividends.

Analysts highlighted that investors are keeping an eye on new investments and the strategic plan for 2024-2028, and attention will turn to the allocation of expenditures over the next five years, focusing on short-term dividend payments.

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During the teleconference, the Petrobras team defended the need for investments in energy transition and expansion in the petrochemical industry, in addition to indicating that the new strategic plan will address budgeting for mergers and acquisitions. The directors assured that the investments aim to generate value for shareholders and ensured that dividends will be maintained, respecting the company’s payment policy.

Source: Petrobras

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