Petrobras’ Dividend Payout Dilemma: Can Brazil’s Oil Giant Satisfy Both Investors and the State?

Petrobras, Brazil’s state-run oil company, faces a tough choice that matters for the country’s finances and its own future. The company’s board approved a payout of R$20 billion (about $3.4 billion) in extraordinary dividends in late 2024, giving shareholders R$1.55 per share. This payout followed months of debate inside Petrobras and among government officials about […]