US EditionPemex Hemorrhages $3.3 Billion in Q3 2025 Despite Government Pouring in Rescue Funds
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18 Articles
Mexican Oils (Pemex) reported a net loss of 61,242 million pesos during the third quarter, a decrease of 62 percent compared to the negative balance of 161,455 million pesos reported in the comparable period last year, the oil company revealed yesterday.
Pemex recorded losses of some 61,242 million pesos (about 3.3 billion dollars) during the third quarter of the year, in an environment of decline in production and export, doubly affected by lower crude oil prices.Although the damage slowed down its progress considerably, the negative results occur despite a considerable injection of more than 13 billion dollars from the Government during the period, which adds to the billion-dollar bond operati…
Pemex Hemorrhages $3.3 Billion in Q3 2025 Despite Government Pouring in Rescue Funds
Mexico’s state oil company closed the third quarter of 2025 with a net loss of 61,242 million pesos (about $3.3 billion). That is far smaller than a year ago—roughly a 62% improvement—thanks to cost cuts, lighter taxes, and a new wave of government-backed financing, even as softer crude prices pulled sales down. The numbers tell […]
Mexican Oils (Pemex) recorded losses in the third quarter, an early signal that the support package promoted by President Claudia Sheinbaum might not be enough to rescue the indebted company. Pemex, which now promised to pay its suppliers, reported a loss of 61,250 million pesos in the third quarter, according to a statement released on Monday, after having earned almost 60 billion pesos in the previous period.The production of crude and condens…
Mexico City.- Mexican state oil company Petróleos Mexicanos (Pemex) reported on Monday a net loss of 61,247 million pesos (3,344 million dollars) in the third quarter, lower than last year's period, due to lower sales costs and deterioration of fixed assets, as well as a strong exchange rate profit. In the third quarter of last year, Pemex, one of the largest companies in the country, reported a negative result of 161,335 million pesos. Pemex's …
During the third quarter of the year, the situation of Pemex, whose quarterly results were published on October 27, became even more difficult. Operational losses and levels of financial indebtedness, as well as with suppliers and contractors, reflect that the oil company remains a heavy burden for public finances.In the net result of the quarter, losses of around 61,000 million pesos are seen as few when compared to the more than 167 billion pe…
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