Pemex Posts $6.4 Billion Q4 Loss

Published

Pemex CEO Octavio Romero Oropeza (Photo: Pemex)
Pemex CEO Octavio Romero Oropeza (Photo: Pemex)

Mexican state oil company Pemex reported a loss of 125.5 billion pesos ($6.4 billion) for the fourth quarter on Wednesday, narrowing its loss from the same period in 2017, as the firm's finances face renewed scrutiny following a credit downgrade last month.

Revenue at the company officially known as Petroleos Mexicanos was roughly flat at 407.1 billion pesos during the October-December period, the firm said in a filing with the Mexican stock exchange.


($1 = 19.6650 pesos on December 31)

(Reporting by David Alire Garcia; editing by Julia Love)

Current News

Vantage Investors Back $258M Merger with Eldorado Drilling

Vantage Investors Back $258M M

Skyborn Secures Landmark Amazon PPA for Baltic Sea Offshore Wind Farm

Skyborn Secures Landmark Amazo

Irish Consultancy Opens Its Doors for Offshore Wind, Subsea Markets

Irish Consultancy Opens Its Do

Norway Deploys New Deep-Sea Mapping AUV on First Expedition

Norway Deploys New Deep-Sea Ma

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine