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

Simulators Track our Changing Relationship with Technology

Simulators Track our Changing Relationship with Technology

Port Houston Surpasses One Million TEU Mark in First Quarter

Port Houston Surpasses One Million TEU Mark in First Quarter

Cavotec Bags $5 Million Shore Power Order

Cavotec Bags $5 Million Shore Power Order

Ships Docked as Striking Greek Workers Protest Over Rising Costs

Ships Docked as Striking Greek Workers Protest Over Rising Costs

Subscribe for Maritime Logistics Professional E‑News