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

MPA, PSA Singapore Invite Proposals for Autonomous Container Feeder Vessel Solutions

MPA, PSA Singapore Invite Proposals for Autonomous Container Feeder Vessel Solutions

Six Partners Selected by MPA for In-Water Hull Inspection, Cleaning Trials in the Port of Singapore

Six Partners Selected by MPA for In-Water Hull Inspection, Cleaning Trials in the Port of Singapore

Cavotec Launches Redesigned PowerMove RoRo NxG Platform

Cavotec Launches Redesigned PowerMove RoRo NxG Platform

Port of Oakland Cargo Volume Rebounds in March

Port of Oakland Cargo Volume Rebounds in March

Subscribe for Maritime Logistics Professional E‑News

Norway suspends new industrial power grid access to the Arctic region due to surging demand
Trump administration nears deal to rescue Spirit Airlines, WSJ reports
Gulf crisis affects Australian and New Zealand companies, from airlines to banks