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

Fincantieri to Build Third Hospitality Vessel for Marc-Henry Cruise

Fincantieri to Build Third Hospitality Vessel for Marc-Henry Cruise

Hapag-Lloyd to Deploy NexusWave Fleetwide

Hapag-Lloyd to Deploy NexusWave Fleetwide

MPA, World Maritime University to Continue Strengthening Maritime Education, Leaders

MPA, World Maritime University to Continue Strengthening Maritime Education, Leaders

Maersk, Hapag-Lloyd to Resume Suez Canal Sailings

Maersk, Hapag-Lloyd to Resume Suez Canal Sailings

Subscribe for Maritime Logistics Professional E‑News

After a technical problem, a cargo plane with five people on board lost contact near Karachi
Israel's Energy Minister touts oil pipeline bypassing Hormuz
Telstra outage disrupts Australian train services, taxi payments