Mexico’s state oil company Pemex (Petróleos Mexicanos) reported a net profit of MXN 60 billion ($3.5 billion USD) in the ...

Mexico’s state-owned oil company Pemex reported its first quarterly profit in a year, booking a net profit of 59.52 billion ...

Mexico completed a $12 billion debt offering that will support state-owned Petroleos Mexicanos, the world’s most indebted oil ...

Mexico has reportedly placed $12bn (224.29bn pesos) in a debt offering aimed at supporting Petroleos Mexicanos (Pemex), the ...

Mexico has issued $12 billion in dollar-denominated debt to support Pemex, aiming to ease its financial strain without direct ...

Mexico's state energy company Pemex on Monday reported a swing to net profit in the second quarter, reaching 59.52 billion pesos ($3.17 billion), from a net loss of 273.33 billion pesos in the same ...

MEXICO CITY (Reuters) -Mexican state energy company Pemex on Monday reported a net profit of 59.52 billion pesos ($3.17 ...

Mexico placed $12 billion in a debt offering to support indebted state oil producer Petroleos Mexicanos (Pemex), the nation's ...

While Pemex’s exploration and production arm is profitable, the company is facing losses elsewhere, particularly from its refining operations. In July Fitch, a credit-rating firm, downgraded Pemex.

The plant is operated by Pemex, Mexico's state-owned oil company, and located in the suburb of Deer Park. An aerial view of the Deer Park Manufacturing Complex in Deer Park, Texas, in August 2017.

The money problem afflicting Pemex has largely been caused by successive Mexican governments treating the NOC as a cash cow, and the truth is that the company has been milked to death. This year ...