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 Names New Regional President for North America

Maersk Names New Regional President for North America

Venezuela to Cut Oil Output

Venezuela to Cut Oil Output

Chicago Soybeans Futures Fall During Competition with Brazilian Exports

Chicago Soybeans Futures Fall During Competition with Brazilian Exports

Shipbuilding: DHT Accepts New VLCC

Shipbuilding: DHT Accepts New VLCC

Subscribe for Maritime Logistics Professional E‑News

US airlines cancel flights following Caribbean airspace closure
Denver apartment under construction is destroyed by fire, causing power failures
Radio frequency failures cause flight cancellations in Greece, leaving thousands stranded