See frequently asked questions and answers about our operations and the capital market.
Can I trade security stocks through my bank?
Most large commercial banks have brokers authorized to operate in the financial market. However, by regulatory determination, the broker is a legally separate entity from the bank. When you “trade shares through a bank,” you are actually trading through the bank’s broker. The rules that apply to these brokers are the same as the others.
What is Petrobras' standard lot?
Generally, shares are traded according to a standard lot, in quantities fixed by the stock exchange. In the case of Petrobras, the standard lot is 100 shares. There is, however, the possibility of trading fewer shares than the standard lot, in the so-called fractional market, where the codes of Petrobras shares are PETR3F and PETR4F.
How can I change my address for correspondence regarding my actions?
The registration data must be updated with Banco Bradesco, the depository institution for the book-entry shares of Petrobras. To do so, just look for any branch of Banco Bradesco, in possession of your personal documents.
More information can be obtained through Banco Bradesco’s call center: 0800 701 1616
Shareholders who bought shares through a stockbroker must update their data with the institution through which the investments were made.
What is Petrobras' dividend policy?
Petrobras has minimum mandatory dividends corresponding to 25% of the Adjusted Net Income. In addition, preferred shares are entitled to a minimum dividend of 5% (five percent) calculated on the share of capital represented by this type of shares, or 3% (three percent) of the share’s equity value – the largest always prevails.
In addition, the Company’s Shareholder Remuneration Policy provides that when the gross indebtedness, including commitments related to leasing, exceeds US $ 60 billion, the Company may distribute to its shareholders the minimum mandatory dividends provided for by law and in the Bylaws, mentioned above.
When the gross indebtedness, including commitments related to leasing, is less than US $ 60 billion, the Company may distribute to its shareholders 60% of the difference between operating cash flow and investments: Remuneration = 60% x (FCO – CAPEX). In this formula, the following are not considered as CAPEX: (a) the proceeds from the sale of assets; (b) payments for participation in the bidding rounds for oil and natural gas exploration and production; and (c) payments related to the acquisition of companies or equity interests.
Petrobras may also, in exceptional cases, make the payment of extraordinary dividends, exceeding the annual amount established above.
Preferred shares will participate, not cumulatively, on equal terms with common shares, in the distribution of dividends, when higher than the minimum percentage guaranteed to them.
Important: In order for the Petrobras shareholder to receive the dividends to which he is entitled, it is essential that he keep his registration data updated, informing Banco Bradesco or its securities broker any change of address or bank account for credit of dividends.
We also remind you that, according to the Brazilian Corporate Law, dividends expire in three years from the date on which they were made available to the shareholder.
How do I receive dividends and interest on equity?
For those shareholders whose shares are held in custody directly at Banco Bradesco, dividends and interest on equity will be deposited directly into their checking account. If you have not received your dividends, your current account data is likely to be out of date. To update them, just look for any branch of Banco Bradesco, in possession of your personal documents.
Shareholders who have their investments in a securities broker will receive in their account with that institution.
What is an ADR?
American Depositary Receipt (ADR) is a certificate, issued by North American banks, that represents shares in a company outside the United States. Many Brazilian companies have their shares traded on the New York Stock Exchange (NYSE) through this instrument. The company gains visibility in the international market and may find it easier to raise funds abroad, through a loan or even by issuing new shares.
Petrobras’ ADRs are traded on the New York Stock Exchange under the codes PBRA (preferred shares) and PBR (common shares).
For more information on ADR, visit the JP Morgan Chase Bank page, which is the agent custody of these Petrobras papers in the USA.
As a national investor, can I invest in ADRs?
Only investors who have an account abroad (individual or legal entity) can buy and sell ADRs. The opening of the account by a Brazilian citizen is lawful, as long as it is declared and respects the national taxation rules. Sending money abroad can only be done through financial institutions accredited to operate foreign exchange and, if the amount exceeds US $ 10,000, the Central Bank of Brazil must be informed.
Who is the depositary bank for Petrobras' ADRs?
The depositary for Petrobras’ ADR program on the NYSE is JP Morgan Chase Bank. As depositary, JP Morgan Chase Bank issues the ADR, maintains the registration of the owners, records the trades and distributes the dividends in dollars to the holders of the ADRs.
More information about Petrobras’ ADR program can be obtained directly through the depositary bank: www.adr.com