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

Russia Imports Petroleum Products From South Korea to Ease Fuel Crises

Russia Imports Petroleum Products From South Korea to Ease Fuel Crises

Iran War Forces Oil Industry to Consider Alternative Export Routes

Iran War Forces Oil Industry to Consider Alternative Export Routes

Exports of French Wheat to Morocco Expected to Fall

Exports of French Wheat to Morocco Expected to Fall

EU Wheat Rises After Saudi Tender, Continued Black Sea Tensions

EU Wheat Rises After Saudi Tender, Continued Black Sea Tensions

Subscribe for Maritime Logistics Professional E‑News

Israel's Netanyahu: Flydubai co-pilot underwent radical Islamist endoctrination
Wall Street Journal, September 24,
Hope fading for new Boeing deal during US-China summit, sources say