Thus, the company may pay a total RON1.002 billion in dividends this year, after keeping the profits to finance investments in the previous two years.
Petrom posted a net profit of RON2.19 billion in 2010, a record high since the company’s privatization in 2004, when Austria’s OMV became the majority shareholder.
The company also plans to distribute RON101.7 million from last year’s profit as legal reserves.
Shareholders will discuss the dividend on April 26.
Petrom is 51% owned by Austrian group OMV. The Economy Ministry holds 20.6% and Fondul Proprietatea (FP.RO) holds a 20.1% stake.
Friday, Petrom traded up 2.3% at RON0.4265 in Bucharest, outperforming the BET index that was gaining 1.4%.