marine link image

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

Port of Oakland: Exports Continue to Outperform Imports

Port of Oakland: Exports Continue to Outperform Imports

Aker Solutions Wins FEED Contract for Lithuania CO₂ Terminal

Aker Solutions Wins FEED Contract for Lithuania CO₂ Terminal

Argentina Grain Exports Rise From Strong Harvest

Argentina Grain Exports Rise From Strong Harvest

Tanker Bound for Cuba with Fuel Cargo Diverts to Trinidad

Tanker Bound for Cuba with Fuel Cargo Diverts to Trinidad

Subscribe for Maritime Logistics Professional E‑News

US airline CEOs call on Congress to resolve the standoff and pay airport security personnel
Honda's $15,7 billion writedown on EVs is painful but China problems loom in the future
Spirit Airlines will shrink its fleet to a third of the size it was before bankruptcy