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

By the Numbers: Container Fleet Capacity to Top 34 Million TEU

By the Numbers: Container Fleet Capacity to Top 34 Million TEU

Floating Titanium Lattice Could Out-Perform Steel and Plastic

Floating Titanium Lattice Could Out-Perform Steel and Plastic

Nuclear Power Considered for Transatlantic Container Route

Nuclear Power Considered for Transatlantic Container Route

Oceanbird to Install Wing Sails on M/V Way Forward

Oceanbird to Install Wing Sails on M/V Way Forward

Subscribe for Maritime Logistics Professional E‑News

Hong Kong court refuses to allow Evergrande founder's funds to be used for legal fees
Two injured after blast at southern German train station
Zelenskiy aviation warning not enough for Moscow to prevent airspace disruption