Petrobras Form 6-K Summary: Dividend Approval for 2024 Fiscal Year
Business Context and Reporting Period
This Form 6-K, filed on April 16, 2025, by Petróleo Brasileiro S.A. – Petrobras, reports on the approval of shareholder remuneration for the 2024 Fiscal Year. The filing details the outcome of the Annual General Meeting (AGM) held on April 16, 2025, regarding the distribution of profits to common and preferred shareholders.
Key Financial Metrics
- Total Remuneration Approved: R$ 73,905,736,229.85 for the 2024 Fiscal Year.
- Per Share Amount: R$ 5.73413520 per common and preferred share.
- Composition of Total:
- Anticipations paid in 2024/early 2025: R$ 64,760,597,494.77.
- Additional Dividends (New Proposal): R$ 9,145,138,735.08.
- Additional Dividend Per Share: R$ 0.70954522 (base) + R$ 0.02584893 (monetary adjustment) = R$ 0.73539415 total gross per share.
Material Changes and Payment Schedule
The AGM approved the finalization of the 2024 dividend plan, confirming the additional dividend proposal announced on February 26, 2025. The additional dividends are to be paid in two installments, with amounts subject to monetary adjustment via the SELIC rate from December 31, 2024, until the payment date.
| Installment | Amount Per Share (Base) | Payment Date (B3) | Payment Date (ADR/NYSE) |
|---|---|---|---|
| First Installment | R$ 0.36769707 | May 20, 2025 | May 28, 2025 |
| Second Installment | R$ 0.36769708 | June 20, 2025 | June 27, 2025 |
Record Dates: April 16, 2025 (B3) and April 22, 2025 (NYSE ADRs). Shares trade ex-rights on B3 starting April 17, 2025.
Guidance, Risks, and Contingencies
The filing includes standard forward-looking statements disclaimers, noting that future results may differ from expectations. Specific contingencies include:
- Monetary Adjustment: Final payment amounts will be updated based on SELIC rate variations between December 31, 2024, and the respective payment dates.
- Taxation: Income tax will be levied on the monetary adjustment component in accordance with current Brazilian legislation.
Investor Verification Checklist
- Verify the final per-share payment amount on the payment dates, as it will fluctuate based on SELIC rate changes.
- Confirm the record date eligibility for ADR holders (April 22, 2025) versus local B3 holders (April 16, 2025).
- Review the Shareholder Remuneration Policy on the Investor Relations website for future payout guidelines.
- Note that the filing does not provide updated revenue, profit, or debt metrics for the current period; it focuses solely on the dividend distribution.