Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

Pemex Loses $4.4B in Q3

October 24, 2014

Mexico's state-owned oil company Pemex reported a sharply deeper third quarter loss, nearly 50 percent larger compared to the same period last year, the company said on Friday in a filing with the Mexican stock exchange.

Pemex said its quarterly loss totaled 59.65 billion pesos ($4.44 billion) during the July to September period, compared with a year earlier loss of 39.2 billion pesos ($2.98 billion).

The company reported third-quarter revenues of 406.5 billion pesos for the quarter, down 0.7 percent compared with same period last year.

($1 = 13.4235 Mexican pesos at end-Sept.)

Logistics News

Singapore and Brazil to Develop Green and Digital Shipping Corridor

Singapore and Brazil to Develop Green and Digital Shipping Corridor

Contecon Manzanillo Ready for Ultra Large Container Ships

Contecon Manzanillo Ready for Ultra Large Container Ships

Great Lakes Ports and Shipyards Formalize Partnership

Great Lakes Ports and Shipyards Formalize Partnership

La Spezia Container Terminal Signs Contracts for Ship-to-Shore, Yard Cranes

La Spezia Container Terminal Signs Contracts for Ship-to-Shore, Yard Cranes

Subscribe for Maritime Logistics Professional E‑News

InPost barely beats forecasts for the second quarter but reduces guidance
Over the weekend, vessels crossing Strait of Hormuz will drop to five per day.
Two people killed in missile attack on Russian Belgorod, say authorities; hit Ozon facilities