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

Waterborne Technology Platform Welcomes EU STIP

Waterborne Technology Platform Welcomes EU STIP

EU Funds 70 Clean Energy Projects

EU Funds 70 Clean Energy Projects

Port of Savannah Container Volumes Rise 4% Through October

Port of Savannah Container Volumes Rise 4% Through October

Russia Ships Less Wheat to Mexico in 2025 at 58,000 Tons

Russia Ships Less Wheat to Mexico in 2025 at 58,000 Tons

Subscribe for Maritime Logistics Professional E‑News

Russian grain exports via Baltic Sea will increase by 30% in 2025.
China's C919 flies over Dubai in a bid to win Gulf buyers
Maguire: China's battery exports are at new heights.