Brazil’s Petrobras with record dividend payout to shareholders

The five largest oil producers in the West - Exxon Mobil, Chevron, Shell, Total Energies" and PA - announced record distributions to their shareholders in recent days, ranging from US$4 billion to US$7.6 billion. But none of the announcements even comes close to the US$17 billion payment from Petrobras.

Brazil's state-owned oil company Petrobras, the largest in Latin America, will pay dividends for the second quarter, at least double those paid by the world's largest oil producers, filling Brazilian coffers at a tense time before elections.

The five largest oil producers in the West - Exxon Mobil, Chevron, Shell, Total Energies" and PA - recently announced record distributions to their shareholders in recent days, ranging from US$4 billion to US$7.6 billion. But none of the announcements even comes close to Petrobras's US$17 billion payment.

The Brazilian government, which controls most of the company . . .

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