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

Russian Oil Cargo Discharge at Indian Port Delayed Due to Insurance Scrutiny

Russian Oil Cargo Discharge at Indian Port Delayed Due to Insurance Scrutiny

The Expanding Shadow Fleet Poses a Growing Threat to Maritime Safety

The Expanding Shadow Fleet Poses a Growing Threat to Maritime Safety

New Global Benchmark Ranks Top Container Ports Worldwide

New Global Benchmark Ranks Top Container Ports Worldwide

Panama Strengthens Global Leadership in Maritime Safety, Regulation During the IMO Assembly

Panama Strengthens Global Leadership in Maritime Safety, Regulation During the IMO Assembly

Subscribe for Maritime Logistics Professional E‑News

Electric cars will be subject to UK pay-per-mile tax
Vienna Airport: Third runway would have not paid for itself, but growth ambitions remain intact
Petrobras investment will drop as Lula's first budget is cut.