Executives at Petrobras indicated that the company may distribute higher dividends if its cash flow remains robust.

Earlier this week, CEO Magda Chambriard stated that the company would not pass on sudden oil price fluctuations to consumers following recent attacks involving the U.S., Israel, and Iran, which have disrupted energy flows.

“We are in a period of geopolitical uncertainty, and our focus is on ensuring the company is prepared for any potential crude price scenario,” Chambriard said.

Brent crude prices are currently at their highest level since April 2024, with this week’s gains potentially marking the largest increase since the COVID-19 pandemic in the spring of 2020.

CFO Fernando Melgarejo noted that if cash flow remains elevated due to a significant rise in oil prices, the company could issue additional dividends.