Petrobras Exec Says Set To Lower Average Nat Gas Prices By 1.41% In November; CFO Says Considering Changes To Current Rules On Payment Of Extraordinary Dividends As Part Of New Strategic Plan; Might Change Current Minimum Cash Level Of $8B, Could Distribute Any Excess Of Cash To Shareholders; Would Seek A Minimum Cash Level That 'guarantees Its Operations'; Sees No Change To Rules Related To Ordinary Dividend Payments
Portfolio Pulse from Benzinga Newsdesk
Petrobras plans to reduce average natural gas prices by 1.41% in November. The company is considering changes to its dividend payment rules, potentially distributing excess cash to shareholders while maintaining a minimum cash level to ensure operations.
October 14, 2024 | 4:33 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Petrobras is set to lower natural gas prices by 1.41% in November and is considering changes to its dividend payment rules. The company may distribute excess cash to shareholders, while ensuring a minimum cash level for operations.
The reduction in natural gas prices could positively impact Petrobras by potentially increasing demand. The consideration of changes to dividend rules, including the distribution of excess cash, is likely to be viewed favorably by investors, as it suggests potential for higher returns. Maintaining a minimum cash level ensures operational stability, which is reassuring for shareholders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90