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

Odesa Port Damaged in Lethal Attacks

Odesa Port Damaged in Lethal Attacks

BHP Port Unions Strike at Port Hedland

BHP Port Unions Strike at Port Hedland

Black Sea Shipping Flows Despite Security Concerns

Black Sea Shipping Flows Despite Security Concerns

Iran Ties Hormuz Reopening to US Concessions

Iran Ties Hormuz Reopening to US Concessions

Subscribe for Maritime Logistics Professional E‑News

Russian authorities claim that three people were killed in a drone attack by Ukraine on Belgorod.
After the Texas data center shutdown, hundreds of millions of dollars in grid deposits are still in doubt
Turkish officials claim that the passage of ships into the Black Sea is proceeding smoothly.