Petrobras Brasileiro

Norway's Yara $YAR (+0,37 %) and Petrobras $PETR3 (+5,15 %)
$PETR4 (+5,46 %) cooperate to restart ANSA fertilizer production

Petrobras and Yara have signed two agreements, both based on the resumption of production at Araucaria Nitrogenados S.A. (ANSA), a wholly owned subsidiary of Petrobras, in a further step towards structuring a potential partnership in the fertilizer and industrial products sector.

Under the first agreement, ANSA will produce liquid reducing agents for the automotive industry (ARLA 32), using Yara's high quality urea for the automotive industry as raw material. This will facilitate the resumption of domestic production and reduce dependence on imports. The ARLA 32 will be sold by Yara.

The contract is valid until ANSA resumes production. From then on, ARLA 32 will be produced with raw materials from ANSA itself.

The second is a technical cooperation agreement for the development of joint studies on fertilizers and industrial products, as well as for energy transition efforts related to decarbonization projects, emissions reduction and the production of renewable and low-carbon fertilizers. This scientific, technological and operational cooperation aims to achieve greater production efficiency and increase the supply of these products on the market.

Petrobras $PETR3 (+5,15 %)
$PETR4 (+5,46 %) presents five-year business plan for US$111 billion and US$10 billion in additional dividends.

Brazilian state-owned oil company Petrobras announced on Monday that its management has proposed a US$111 billion business plan for the period 2025-2029 to the board of directors, according to a securities document.

The proposal states that the business plan calls for ordinary dividends of US$45 billion for the period and extraordinary dividends of up to US$10 billion.

The proposed plan exceeds the previous plan for 2024-2028 by approximately US$9 billion, with approximately US$77 billion earmarked for exploration and production activities, which exceeds the US$73 billion earmarked in the previous plan.

In addition, US$ 20 billion is earmarked for refining, transportation, marketing, petrochemicals and fertilizers, with an expected production of around 3.2 million barrels of oil equivalent per day.

If this amount is confirmed, Petrobras would retain its status as the largest crude oil producer in Latin America.

Since last year, Petrobras has been under pressure from President Luiz Inacio Lula da Silva to make investments in order to promote the growth of the Brazilian economy and create local jobs.

The Reuters news agency reported last month, citing sources, that the plan is likely to lead to a reduction in planned investments for 2025 compared to the previous plan.

This makes Petrobras' new targets all the more encouraging.

Petrobras $PETR3 (+5,15 %)
$PETR4 (+5,46 %) sees the possibility of paying additional dividends this year

Brazilian state oil company Petrobras believes it is "technically possible" to pay special dividends by the end of the year if its strategic plan is approved on schedule this month, its chief financial officer said on Friday.

During a conference call with analysts, Fernando Melgarejo said management will evaluate possible special dividends for 2024 along with the strategic plan.

Following on from my post of just under a week ago:

I actually found a thread in the official TR forum where some people are also "complaining" that they are missing the dividend from August 20. But there are also some who are still missing the dividend from June 2024. And indeed: I am also missing the June 2024 dividend.

Some people in the forum have already contacted BaFin and/or a lawyer. But TR seems to be screwing up again.

Confirms me again to look around for another broker...

$PETR3 (+5,15 %)
$PETR4 (+5,46 %)

Petroleo Brasileiro dividend received?

Hello, I have a question for all those who hold Petroleo Brasileiro shares.

$PETR3 (+5,15 %)
$PETR4 (+5,46 %)

There was a payday on 20.08. I have the share at TR. So far, the dividend has sometimes arrived a week later. But never later. Now it's already been 3 weeks. I would be interested to know whether others have already received the dividend (regardless of which broker) on August 20?

The TR says that it may take some time. Just a prefabricated answer. I'm just surprised that, unlike usual, it's already been 3 weeks. It would be interesting to know whether this is a TR-specific problem or a general one.

Thank you very much.

After much deliberation, I have finally taken a small step through the door...

I waited for the US stock market drop and added to the position again. Last time, the "buy on bad news" worked very well with a rebound to over €8.20.

With 1000 shares, the dividend is now also coming in quite nicely, if it still comes! :)

Let's see what happens!

Need swarm intelligence :)

Actually, after the ex-day I wanted to rejoin $OMV (-0,15 %) again after the ex-day. However, the share is still rising and even with the dividend discount it would be too expensive for me to get in.

On the other hand, Sozi-Lula fired the CEO of $PETR3 (+5,15 %) and the share price reacted accordingly. When the dividend reduction was at least announced a few weeks ago, it worked excellently and the share had already recovered to well over €8. In fact, no dividend cuts have been noticed so far. On the contrary, the special dividends for May and June have been announced again, although they are incorrectly not shown here on GQ. Reason for the socialist freak-out?

Is Lula willing and able to push through the requested dividend cuts now, with corresponding consequences for the share price? Opinions?

Once again a little greeting from Brazil.

And next time there will be twice as many greetings! 😂

Hopefully bought the dip later. Petrobras seems to have recovered at the moment.