Petrobras was the world’s third-largest dividend payer in Q3

Government officials during make an announcement around Petrobras pricing policy. Photo: Marcelo Camargo/ABr
Government officials during make an announcement around Petrobras’s pricing policy. Photo: Marcelo Camargo/ABr

Brazil’s state-controlled oil producer Petrobras is distributing the world’s third-largest dividend payment in Q3 2022. Petrobras matched its massive Q2 payouts, with Q3 dividends totaling BRL 1.63 per share or USD 9.7 billion on September 30.

That was more than enough to offset a 56 percent decline in mining group Vale’s dividends, which dropped sharply as commodity prices also fell. 

The total of USD 19.4 billion in dividends from Petrobras this year so far will likely be enough to make it the second-largest payer in the world in 2022 after Australia-based mining and oil company BHP.

In Q3 the Brazilian oil and gas giant only paid less in dividends than China Construction Bank, one of the four largest banks in China, and BHP.

The data is from the latest Global Dividend Index by manager Janus Henderson, which analyzes quarterly the world’s 1,200 largest companies by market capitalization, accounting for 90 percent of dividends paid globally. 

Top 10 Dividend Payers in Q3 2022

  1. China Construction Bank
  2. BHP
  3. Petrobras
  4. China National Offshore Oil Corporation – Cnooc
  5. China Mobile
  6. Microsoft
  7. Rio Tinto
  8. Evergreen Marine
  9. Media Tek
  10. Industrial & Commercial Bank of China