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

Swire Shipping Announces New Branch Office in Timor-Leste

Swire Shipping Announces New Branch Office in Timor-Leste

ICS Publications Releases 6th Edition of Environmental Compliance Shipping Guide

ICS Publications Releases 6th Edition of Environmental Compliance Shipping Guide

Fleetwork: Posidonia 2026 Signals Turning Point for Al, Cloud Adoption in Shipping

Fleetwork: Posidonia 2026 Signals Turning Point for Al, Cloud Adoption in Shipping

Panama Reinstated on Paris MoU White List

Panama Reinstated on Paris MoU White List

Subscribe for Maritime Logistics Professional E‑News

Amazon takes action against India's delivery partner following fire investigation
Eight monks are killed in Thailand when an 11-year old boy crashes his truck
ETG, a global commodities company, enters Brazil through the Tocantins Fertilizer project