Petrobras (PETR3, PETR4) approved, at a Board of Directors meeting held on November 10, 2026, the payment of shareholder remuneration of R$ 15.3 bn, equivalent to R$ 1.18732774 per outstanding common and preferred share. The amount is an advance of the remuneration for fiscal year 2026, declared based on the September 30, 2026 balance sheet.
According to the company, the distribution is in line with the Shareholder Remuneration Policy. The policy provides that, when gross debt is equal to or below the maximum level defined in the strategic plan in effect, Petrobras must distribute 45% of free cash flow. The company says the distribution is compatible with its financial sustainability.
The record date for holders of shares traded on B3 is December 21, 2026, and the shares will trade ex-rights (without entitlement to the payout) starting December 22, 2026. Payment will be made in two installments of R$ 0.59366387 per share: the first on February 22, 2027 and the second on March 22, 2027. Each installment will be adjusted by the Selic rate from December 31, 2026 until the payment date, and the amounts will be subject to income tax.
The form of distribution, whether dividends, JCP (Interest on Equity) or both, will be defined by December 10, 2026 and announced to the market. The amounts will be deducted from the remuneration to be approved at the 2027 Annual General Meeting, relating to fiscal year 2026.
For holders of ADRs (American Depositary Receipts) traded on the NYSE, the record date is December 23, 2026. The first and second installment payments will be made starting March 1 and March 29, 2027, respectively.
