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

Tuapse Port Fire Extinguished Days After Ukrainian Drone Attack

Tuapse Port Fire Extinguished Days After Ukrainian Drone Attack

Port of Antwerp-Bruges Reports Weak Start to the Year

Port of Antwerp-Bruges Reports Weak Start to the Year

Hydrogen Fuel Cell Harbor Craft Pilot Study Launched in Singapore

Hydrogen Fuel Cell Harbor Craft Pilot Study Launched in Singapore

BIMCO Warns of Hormuz Toll Scam

BIMCO Warns of Hormuz Toll Scam

Subscribe for Maritime Logistics Professional E‑News

Kenyan plane skids from runway, but passengers are unharmed
British Airways owner IAG will raise ticket prices due to fuel crisis
Airline cancels flights due to Middle East conflict