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)



Current News

ASCO Ships Lay Cable for Absheron Gas

ASCO Ships Lay Cable for Absheron Gas

Petrobras Picks Trident in Oilfield Re-bid

Petrobras Picks Trident in Oilfield Re-bid

FPSO Liza Destiny Sets Sail for Guyana

FPSO Liza Destiny Sets Sail for Guyana

Hibernia Production Halted after Oil Spill

Hibernia Production Halted after Oil Spill

3D Inversion Helps Tackle Complex Reservoirs

3D Inversion Helps Tackle Complex Reservoirs

Schlumberger Names New CEO, Tops Revenue

Schlumberger Names New CEO, Tops Revenue

Five Bid on 12 Blocks Offshore in Israel

Five Bid on 12 Blocks Offshore in Israel

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week