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

FPT, ZEBOX to Advance AI Solutions in Transportation, Logistics

FPT, ZEBOX to Advance AI Solutions in Transportation, Logistics

Valenciaport Sandbox Conducts Successful Port Logistics Solution Pilot

Valenciaport Sandbox Conducts Successful Port Logistics Solution Pilot

Höegh Evi, PETROS to Develop Kuching LNG Terminal in Malaysia

Höegh Evi, PETROS to Develop Kuching LNG Terminal in Malaysia

Richard Hendrick Elected as American Association of Port Authorities Chairman

Richard Hendrick Elected as American Association of Port Authorities Chairman

Subscribe for Maritime Logistics Professional E‑News

Poland suspects Starlink fire as a sabotage
US airlines oppose China’s bid to increase flights
Germany plans to phase out fossil fuels and promote EVs and heat pumps