Today, Petrobras announced a groundbreaking total shareholder payout for 2023 of R$94.35 billion ($18.32 billion). This included R$22 billion ($4.27 billion) in extraordinary dividends, setting a new record in their financial dealings. The company paid R$58.214 billion ($11.30 billion) in advances this year and proposed another R$36.139 billion ($7.01 billion) in extra dividends. Shareholders are […]
Related Posts
MercadoLibre and Pacaembu: Brazil’s Landmark Partnership Beyond Football
MercadoLibre’s naming rights acquisition for São Paulo’s Pacaembu Stadium, a deal exceeding R$1 billion ($200 million) for up to 30 years, represents a milestone in Brazilian sports. This partnership highlights the ongoing, extensive renovations at Pacaembu, showcasing its potential beyond merely hosting football matches. Allegra Pacaembu’s CEO, Eduardo Barella, highlights stadium transformation for diverse uses […]
Rising electricity costs in Pará state: challenges and inequalities in Brazil
Residents of the Pará state now experience the highest residential electricity costs in Brazil. Following an 11% rise from the local provider, Equatorial PA, the energy cost increased to R$ 0.96 per kWh, excluding certain fees. Nationally, the average stands at R$ 0.72 per kWh. Equatorial PA, which took over the former Celpa in 2012, […]
Brazilian Agriculture Minister Resigns for Senate Role
Carlos Fávaro, Brazil’s Agriculture Minister, resigned to participate in important Senate voting sessions. His resignation appeared in the “Diário Oficial da União” on November 22, 2023. President Luiz Inácio Lula da Silva signed the resignation notice. It shows Fávaro asked to leave his post. Fávaro from the PSD party will now vote on important laws. […]