Petrobras, also known as Petroleo Brasileiro SA, has revealed its five-year business strategy, which includes plans to distribute up to $55 billion in dividends to shareholders by 2029. This commitment highlights the company's dedication to continuing to provide cash returns to investors in light of ongoing market dynamics.

Alongside regular dividend payments, Petrobras has mentioned the potential issuance of up to $10 billion in extraordinary dividends during the same period. The company has already approved an extraordinary dividend payout of 20 billion reais, equivalent to approximately $3.4 billion, further emphasizing its focus on shareholder returns.