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

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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

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

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

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

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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.

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.

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.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

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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