Energy

Petrobras board OKs $3.4B in extraordinary dividends, $111B five-year strategic plan


Joa_Souza/iStock Unreleased via Getty Images

Petrobras (NYSE:PBR) +3% in early trading Friday after announcing a payout of 20B reais (~$3.4B) in extraordinary dividends to shareholders, in a sign the Brazilian state-controlled oil company will continue returning cash to investors.

The company said in a securities filing that ~15.6B



READ SOURCE

Read More   Minister consulted BP over incentives to maximise oil production, FoI reveals

This website uses cookies. By continuing to use this site, you accept our use of cookies.