Summary by Moomoo AI
Petroleo Brasileiro SA Petrobras (Petrobras) has filed its specialized disclosure report with the U.S. Securities and Exchange Commission on September 20, 2024. The report, covering the fiscal year ended December 31, 2023, details the payments made by Petrobras to governments for resource extraction activities. The payments, which include royalties, bonuses, taxes, fees, and community and social responsibility payments, total approximately $14.47 billion. The majority of these payments were made to the Brazilian government, with royalties being the largest category of payment. The report also includes payments made at the project level and to subnational jurisdictions within Brazil and Bolivia. Payments were made in local currencies and reported in U.S. dollars based on the exchange rate as of December 31, 2023. The report is a requirement under the U.S. SEC Regulation 'Disclosure of Payments by Resource Extraction Issuers' and provides a consolidated overview of the company's financial dealings with governments in the areas where it operates.
