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

EU Wheat Prices Rise After Another Black Sea Attack, Algerian tender

EU Wheat Prices Rise After Another Black Sea Attack, Algerian tender

Russia says it Hit Vessels Delivering Military Cargo to Ukraine

Russia says it Hit Vessels Delivering Military Cargo to Ukraine

OMS Group Celebrates Keel-Laying of CS Resilience

OMS Group Celebrates Keel-Laying of CS Resilience

Lloyd’s Register, Shell, GTT to Develop Hybrid-Electric LNG Carrier

Lloyd’s Register, Shell, GTT to Develop Hybrid-Electric LNG Carrier

Subscribe for Maritime Logistics Professional E‑News

Alaska LNG savings justify billions of investment, developer claims
US FAA: Boeing 737 MAX software bug poses no safety concern
US ends review of data privacy for US Airlines without Penalties