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Posted by
Two Blokes May 16 -
Filed in
Stock
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2 views
Petrobras' dividend thesis is under pressure due to rising CapEx, weaker Brent prices, and declining free cash flow. Management's aggressive investment strategy, especially in refining and energy transition, raises concerns about efficiency and future returns. Despite a still-strong dividend yield, its sustainability is doubtful given lower oil prices, higher debt, and less room for extraordinary payouts.
