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

CM Energy Contributes to ASSO Cable Lay Project

CM Energy Contributes to ASSO Cable Lay Project

Singapore, Norway Launch Call for Green Shipping Research Grants

Singapore, Norway Launch Call for Green Shipping Research Grants

Los Angeles, Long Beach Port Workers and ILWU Watchmen Extend Bargain Deadline

Los Angeles, Long Beach Port Workers and ILWU Watchmen Extend Bargain Deadline

Corn, Soybean Futures Remain at Multi-Month Lows

Corn, Soybean Futures Remain at Multi-Month Lows

Subscribe for Maritime Logistics Professional E‑News

Alaska Air expects certification of the Boeing 737 MAX 10 by end-September
US ends review of data privacy for US Airlines without Penalties
Russia claims it has struck Ukrainian defence industry vessels and facilities