Brazilian state energy giant Petrobras plans to distribute nearly $8.5 billion in dividends after a robust third quarter, a move that is catching some political Uak in the wake of contentious elections in the country. Critics have suggested that Petrobras' massive shareholder payout-which is much larger than any of the Western majors-represents a return to the company's recent problems with corruption and will leave too little to funding its operations. “Petrobras decided today to distribute billionaire dividends to shareholders based on expected future proot, " tweeted Guilherme Boulos, an incoming federal deputy in Brazil's legislature from the left-wing Socialism and Liberty Party. "End-of-term looting has begun!”
展开▼
