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

Belgian Ports Partner on Port Security

Belgian Ports Partner on Port Security

International Cooperation Uncovers Major Vape Smuggling Operation

International Cooperation Uncovers Major Vape Smuggling Operation

Crew Evacuated After Fire and Explosion on ONE Henry Hudson at Port of Los Angeles

Crew Evacuated After Fire and Explosion on ONE Henry Hudson at Port of Los Angeles

WattHub Opens Second Fast Charging Plaza in Rotterdam

WattHub Opens Second Fast Charging Plaza in Rotterdam

Subscribe for Maritime Logistics Professional E‑News

After US warning, several international airlines have cancelled flights to Venezuela
Britain introduces $2 billion package for EVs
Portugal claims that only three of Europe's largest airlines expressed interest in TAP privatisation