Petrobras shares have experienced a decline due to reports of Chairman Pietro Mendes leaving the company to join Brazil's oil regulator as a director. This news has raised concerns among investors about the company's dividend policy.
Sources familiar with the situation suggest that Bruno Moretti, who has ties to President Luiz Inacio Lula da Silva's chief of staff Rui Costa and the ruling Workers' Party, is expected to succeed Mendes. The official announcement of these developments is still pending, causing market participants to feel anxious about the potential implications for Petrobras.