Petrobras May Distribute Over 100 Billion in Dividends; Company's Shareholders Jump With Joy

Petrobras May Distribute Over 100 Billion in Dividends; Company’s Shareholders Jump With Joy

Written by Alisson Ficher

Published on 27/07/2024 at 17:19

Updated on 27/07/2024 at 17:21

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Petrobras May Surprise The Market With A Possible Distribution Of US$ 19 Billion, Just Over R$ 100 Billion In Dividends By 2025. With A Potential Yield Of 20%, Investors Are Eager.

When It Comes To Financial Surprises, Petrobras Might Be About To Put On A Fireworks Show In The Brazilian Stock Market.

The Oil Giant, Known For Its Corporate Complexities And Political Challenges, Is About To Make A Move That Promises To Leave Many Shareholders Eager.

But What Will Be The Secret Behind These Impressive Numbers? The Answer May Lie In The Billion-Dollar Figures The Company Could Release In Dividends By Early 2025, Creating An Expectation That Shakes The Financial Market.

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However, What Exactly Is Behind This Possible Massive Dividend Distribution? According To Goldman Sachs, Petrobras Could Pay An Impressive US$ 19 Billion In Compensation To Shareholders By The First Quarter Of 2025.

This Amount Translates Into A Dividend Yield Of About 20%, Which Positions The Company As One Of The Most Generous In The Global Energy Scene.

The Estimate Includes US$ 8 Billion In Ordinary Dividends, Complemented By Share Buybacks Resulting In An Implicit Yield Of Approximately 9%.

Additionally, There Is A Possibility Of US$ 11 Billion In Extraordinary Dividends, Which Could Raise The Total Yield To Around 11%.

The Goldman Sachs Bank Emphasizes That This Estimate Of US$ 19 Billion Should Be Viewed As A Potential Ceiling, Considering Various Variables.

According To The Financial Institution, Petrobras Would Operate With The Minimum Cash Level Required By Management, Which Could Limit The Company’s Flexibility In Periods Of Volatility.

Furthermore, The Arrival Of New Platforms In 2025, Involving Lease Additions, Could Raise Debt Close To The US$ 65 Billion Limit.

This Could Potentially Require The Pre-Payment Of Debts, Reducing Cash Availability For Distribution As Dividends. Potential Mergers And Acquisitions Could Also Consume Part Of The Capital, Further Limiting The Distribution Of Extra Payments To Shareholders.

Even With These Considerations, Goldman Sachs Maintains A Buy Recommendation For The State Company, Setting A Target Price Of R$ 53 For PETR3 And R$ 48 For PETR4.

However, The Bank’s Preference In The Oil And Gas Sector Is For Prio (PRIO3), Suggesting A Diversification For Investors.

Expectations Are High For The Second Quarter Numbers Of 2024 (2Q24), Which Petrobras Is Expected To Release On August 8, After Market Close.

The Goldman Sachs Projection Is For An EBITDA Of About R$ 65 Billion, Slightly Below The Market Consensus, Which Points To An Average 2% Higher, According To Bloomberg Data.

According To Goldman Sachs, “Based On The Company’s Shareholder Compensation Policy And Our Updated Estimates, This Would Imply An Announcement Of US$ 2.7 Billion In Dividends Plus Share Buybacks.”

“As We Estimate The Company Has Conducted About US$ 100 Million In Share Buybacks Over The Quarter, This Would Imply An Announcement Of US$ 2.6 Billion In Dividends Alongside The Results,” The Bank States.

This Possibility Of Extraordinary Dividends Is News That Will Surely Keep Investors’ Eyes Fixed On The Company’s Upcoming Announcements. Will Petrobras Actually Distribute These Billion-Dollar Dividends, Or Will We See A Strategy Of Reinvestment And Expansion?

5 Comments

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Vieira

#32120

03/08/2024 19:15

Tem um amigo de Ditador sanguinario que não quer que a Petrobras distribua estes dividendos.

Respond

Mário

#31782

03/08/2024 04:06

Tem um amigo de terroristas que está desviando os lucros da Petrobras.

-4

Respond

Antonio Simões da silva

#31857

Reply to Mário

03/08/2024 08:24

Deve ser teu pai!

-4

Respond

Jose

#31862

Reply to Mário

03/08/2024 08:37

Mario , esse amigo deve ser o que te comeu atrás do armário !!!

-4

Respond

Joseval

#31891

Reply to Mário

03/08/2024 10:13

Você mexeu com os alienados….kkk

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Petrobras May Distribute Over 100 Billion in Dividends; Company’s Shareholders Jump With Joy

Petrobras May Surprise The Market With A Possible Distribution Of US$ 19 Billion, Just Over R$ 100 Billion In Dividends By 2025. With A Potential Yield Of 20%, Investors Are Eager.

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Petrobras May Distribute Over 100 Billion in Dividends; Company’s Shareholders Jump With Joy

Petrobras May Surprise The Market With A Possible Distribution Of US$ 19 Billion, Just Over R$ 100 Billion In Dividends By 2025. With A Potential Yield Of 20%, Investors Are Eager.

The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Egypt wants to draw 10 million cubic meters of water from the Nile per day into the desert, irrigate a new agricultural frontier, and build a city where there is currently only sand.

Ethiopia has banned gasoline and diesel cars, placed over a hundred silent electric buses on the streets of Addis Ababa, and now aims for half a million electric vehicles by 2030, all powered by Africa’s largest dam and a courage that few countries have shown.

Norway is drilling 27 kilometers of rock 392 meters below the bottom of a fjord to build the world’s largest and deepest underwater road tunnel — when completed, a 21-hour journey will be reduced to 10.

An astronaut spent 340 days in space while his twin brother stayed on Earth, and NASA found a “rejuvenating” effect, genes, microbiome, cognition, and immune system that revealed the biological cost of living outside the planet.

After 14 years of construction and a diplomatic crisis that nearly led to a military confrontation over control of the Nile, Ethiopia inaugurated the largest hydroelectric power plant in Africa — the dam is 170 meters high, holds 74 billion cubic meters of water, and generates 5,150 megawatts.

Brazilians can now pay with Pix abroad by scanning a QR Code in partner stores in the United States, Argentina, Portugal, France, Paraguay, and Chile, but the system charges a 3.5% IOF and does not yet work in all establishments.

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Laid out like a chessboard even before having a single resident, Teresina was the first planned capital of Brazil and today surprises with avenues shaded by ancient trees, two rivers of different colors that meet, and chilled cajuína on the table.