Pemex Posts $6.4 Billion Q4 Loss

February 27, 2019

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)



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