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The dividend paid by Petrobras in 2022 is greater than the sum of all companies listed on the Brazilian stock exchange.

Dividends paid by Petrobras to shareholders in 2022, to the detriment of the majority of the population, reached R$ 194,6 billion and are 2,6 times greater than those recorded in 2021.

The dividend paid by Petrobras in 2022 is greater than the sum of all companies on the Brazilian stock exchange (Photo: REUTERS/Sergio Moraes | REUTERS/Amanda Perobelli | Marcello Casal Jr/Agência Brasil)

247 - The dividends paid by Petrobras to its shareholders throughout last year were greater than the sum of all companies listed on the Brazilian Stock Exchange, B3. According to... MetropolisA survey conducted by TradeMap, a company that analyzes financial market data, indicated that the state-owned company "distributed R$ 194,6 billion to its shareholders. For the remaining companies listed on the B3 stock exchange, excluding the state-owned company, the amount was R$ 192,4 billion." 

The dividends paid by the oil company last year were also 2,6 times higher than those recorded in 2021, when the payout reached R$ 72,7 billion. "In that same year, the oil company was well below the total of other companies on the Stock Exchange, whose total reached almost R$ 234,2 billion, excluding the state-owned company," the report highlights. Last year, when all companies on the B3 (Brazilian Stock Exchange) were added together, including the state-owned company, the disbursement of dividends reached R$ 387 billion, compared to R$ 307 billion recorded in 2021.

After appointing Jean Paul Prates as president of Petrobras, the Lula (PT) government hopes to reverse the Import Parity Price (PPI) policy, which links fuel prices in Brazil to international prices. During the election campaign, Lula repeatedly spoke of "Brazilianizing" fuel prices. With this policy in place until the end of 2022 – and which Lula is trying to reverse this year – Petrobras charges high prices for fuel, collects more money than necessary from Brazilians' pockets, and distributes profits among its private shareholders, favoring rentiers and compromising the company's own future, since the need for investment in the company is ignored.