Petrobras approves $3.4 billion in extra dividends, $111 billion strategic plan

Petrobras approves $3.4 billion in extra dividends, $111 billion strategic plan

The Brazilian state-owned oil company Petrobras reduced the minimum cash level needed for its $111 billion strategic plan on Thursday and authorized a payout of 20 billion reais ($3.4 billion) in special dividends to shareholders. As special dividends for the 2023 period, Petrobras stated in a securities filing that around 15.6 billion reais of the…