1. Petrobras reported impressive 3Q 2024 results with $6.9 billion in FCF and a proposed $3 billion USD dividend, showcasing its financial strength. 2. The company is expanding internationally, reducing domestic risks, and leveraging expertise with new stakes in South Africa and increased FPSO production. 3. Petrobras improved its debt position by issuing a 10-year $1 billion bond at the lowest rate in a decade, providing cash for shareholder returns. Despite governance concerns and oil price volatility, Petrobras' low-cost production, heavy investment, and double-digit dividend yield make it a valuable investment.