Pemex Profits Drop Nearly 70% in Second Quarter of 2026
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19 Articles
Pemex Profits Drop Nearly 70% in Second Quarter of 2026
MEXICO CITY — State-owned oil company Petróleos Mexicanos (Pemex) reported a 69.7% drop in net profit for the second quarter of 2026 compared to the same period last year, according to financial statements filed with the Mexican Stock Exchange (BMV). The state energy giant recorded a net income of 18.02 billion pesos (approximately $980 million USD) between April and June 2026, down sharply from the 59.51 billion pesos reported during the second…
State oil reduces its financial debt by 9% to $77.5 billion
Pemex Swings to $1 Billion Profit Buoyed by High Oil Prices
Petroleos Mexicanos swung to a profit in the second quarter, a rare positive signal for the struggling state oil company as it seeks to attract private partners, boost flagging output and slash its massive debt load.
Total sales reached their highest level in the last 14 quarters, reaching 510.4 billion pesos, 30.3% more than in 2Q25.
Pemex had a profit of 18 billion Mexican pesos (US$ 1.04 billion), a decrease of 69.7% in the annual comparison. The state recorded revenues of 510.4 billion pesos (US$ 29.5 billion) between April and June, high of 30.3% over the same period of 2025. The Mexican oil company states that the billing was boosted by the higher volumes and prices made of exports, in addition to growth in domestic sales of diesel and gasoline. Pemex's total production…
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