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

Coast Guard Issues Notice on Unmanned Vessels

Coast Guard Issues Notice on Unmanned Vessels

LCA says Key Commodity Trade Up 4.5%

LCA says Key Commodity Trade Up 4.5%

Alex Gregg-Smith Takes Over As IACS Council Chair

Alex Gregg-Smith Takes Over As IACS Council Chair

Giovanni Corbetta Appointed as New Chief Executive Officer at Unique Group

Giovanni Corbetta Appointed as New Chief Executive Officer at Unique Group

Subscribe for Maritime Logistics Professional E‑News

Data shows that Venezuelan oil exports dropped slightly in June to 1.2m bpd.
German media reports that Germany has indicted Ukraine over the Nord Stream Pipeline explosions.
Dassault, France's fighter manufacturer, is open to collaboration after the collapse of its programme