marine link image
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

Houthis Attack Saudi Oil Pipeline Pumping Station

Houthis Attack Saudi Oil Pipeline Pumping Station

EU Wheat Drops as Focus Shifts to Ukrainian War, Argentinian Exports

EU Wheat Drops as Focus Shifts to Ukrainian War, Argentinian Exports

White House to Extend Jones Act Shipping Waiver

White House to Extend Jones Act Shipping Waiver

Albany Port District Commission Names New Board Members

Albany Port District Commission Names New Board Members

Subscribe for Maritime Logistics Professional E‑News

Pentagon: Boeing has won the contract for next-generation US Navy fighters.
Canada fast tracks oil pipeline to diversify economy and divert away from US
Zimbabwean businessman Chivayo who was close to the ruling elite killed in helicopter crash