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

Houston Ship Channel Trade Tonnage Climbs 16%

Houston Ship Channel Trade Tonnage Climbs 16%

China Ships First Large Cargo of Brazilian Sorghum

China Ships First Large Cargo of Brazilian Sorghum

Conoship Adds 40-MWh Battery-Electric Option to CIP3800 Coaster

Conoship Adds 40-MWh Battery-Electric Option to CIP3800 Coaster

MoU Signed to Verify Emissions Reduction Through AI-Based Voyage Optimization

MoU Signed to Verify Emissions Reduction Through AI-Based Voyage Optimization

Subscribe for Maritime Logistics Professional E‑News

Discover Airlines, a subsidiary of Lufthansa, says that fuel shortages in Namibia could affect flights to Europe
Panama Canal will cap daily transits in anticipation of severe El Nino
The Iran War energy crisis has just begun: Bousso