(Petrobras, 5.May.2022) — Petróleo Brasileiro S.A. (Petrobras) informs that its Board of Directors, at a meeting held today, approved the payment of a dividend in the amount of R$ 3.715490 per outstanding preferred and common share.
The proposed dividend is in line with the Shareholder Remuneration Policy, which provides that in case
of gross debt below $65bn, Petrobras may distribute to its shareholders 60% of the difference
between operating cash flow and acquisitions of fixed and intangible assets (investments). In addition,
the Policy also foresees the possibility of paying extraordinary dividends, provided that the financial
sustainability of the company is preserved.
The approval of the proposed dividend is compatible with the company’s financial sustainability and is
aligned with the commitment of value generation for the society and for the shareholders, as well as
with the best practices in the oil and gas industry.
Of the approved amount, (i) R$ 3.138754 per share refers to the anticipation of shareholder
remuneration for 2022 and will be declared based on the balance sheet of 31 March 2022; and (ii) R$
0.576736 per share will be paid out of profit retention reserves on the balance sheet for fiscal year 2021.
The dividends will be paid in two equal installments in June and July, as follows:
Amount to be paid: R$ 3.715490 per common and preferred share outstanding, whereby:
– (i) the first installment, in the amount of R$ 1.857745 per outstanding preferred and common
share, will be paid on 20 June 2022.
– (ii) the second installment, in the amount of R$ 1.857745 per preferred and common share, will
be paid on 20 July 2022.
Record date: 23 May 2022 for holders of Petrobras shares traded on B3 and 25 May 2022 for ADR
holders traded on New York Stock Exchange (NYSE). Petrobras shares will be traded ex-dividends on B3
and NYSE as of 24 May 2022.
Payment date: For holders of Petrobras shares traded on B3, first payment will be made on 20 June 2022 and second payment will be made on 20 July 2022. ADR holders will receive payments starting on
27 June 2022 and 27 July 2022, respectively.
Form of distribution: The first installment of payment will be made as follows: (a) dividends, of
R$ 1.427568 per outstanding preferred and common share; and (b) interest on equity of R$ 0.430177 per
outstanding preferred and common share. The second installment will be paid in full as dividends.
Petrobras’ Shareholder Remuneration Policy can be accessed on the company’s website