US EditionPemex Hemorrhages $3.3 Billion in Q3 2025 Despite Government Pouring in Rescue Funds
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16 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 …
Mexican state oil company Pemex has cut its losses to 61,242 million pesos (2,860 million euros) in the third quarter of 2025 after the financial support promised by the Government of Claudia Sheinbaum, which will amount to about 11 billion dollars (10,200 million euros) to pay its debt. Sales dropped 11.1% to 378 million pesos (17,65 million euros) in the third quarter of the year due to lower export sales, which have been affected by lower vol…
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