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

Maersk Expands Trade and Tariff Platform

Maersk Expands Trade and Tariff Platform

Brazil Port Terminals Call for Dredging Amidst El Niño Threat

Brazil Port Terminals Call for Dredging Amidst El Niño Threat

Transportation Secretary, Port of Corpus Christi to Explore Nuclear Maritime Technologies

Transportation Secretary, Port of Corpus Christi to Explore Nuclear Maritime Technologies

Crowley Adds Container Service Connecting Port Houston and Central America

Crowley Adds Container Service Connecting Port Houston and Central America

Subscribe for Maritime Logistics Professional E‑News

Fuel shortages in Russia force Russia to receive Indian gasoline cargo
L'IMAD, the Abu Dhabi wealth fund, plans to buy AD Ports in its entirety
Oman claims that weather and technical difficulties are hampering the salvage of oil-spills and tankers.