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

EU Wheat Rises After Saudi Tender, Continued Black Sea Tensions

EU Wheat Rises After Saudi Tender, Continued Black Sea Tensions

Liberty Global Logistics, Hyundai Glovis Study Nuclear-Powered PCTCs

Liberty Global Logistics, Hyundai Glovis Study Nuclear-Powered PCTCs

Ukrainian Food Shipments Through Danube Ports in September Rise

Ukrainian Food Shipments Through Danube Ports in September Rise

Reefer Ships: Resilient Link in the Cold Chain

Reefer Ships: Resilient Link in the Cold Chain

Subscribe for Maritime Logistics Professional E‑News

Pentagon: Boeing has won the contract for next-generation US Navy fighters.
Israel's Netanyahu: Flydubai co-pilot underwent radical Islamist endoctrination
Canada fast tracks oil pipeline to diversify economy and divert away from US