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

Gulf Markets Rise on Hopes of Avoiding Future Iran Strikes

Gulf Markets Rise on Hopes of Avoiding Future Iran Strikes

Los Angeles, Long Beach Port Workers Extend Labor Negotiations

Los Angeles, Long Beach Port Workers Extend Labor Negotiations

Maritime Market: Cable Layer Fleet Gains Scale, Scope

Maritime Market: Cable Layer Fleet Gains Scale, Scope

Maritime Training: What Happens Between Seeing a Risk and Speaking Up

Maritime Training: What Happens Between Seeing a Risk and Speaking Up

Subscribe for Maritime Logistics Professional E‑News

Canada fast tracks oil pipeline to diversify economy and divert away from US
US FAA: Boeing 737 MAX software bug poses no safety concern
Israel's Netanyahu: Flydubai co-pilot underwent radical Islamist endoctrination