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

Urals Freight Rates to India Drop As Tanker Availability Increases

Urals Freight Rates to India Drop As Tanker Availability Increases

Maritime Technologies Forum Publishes Guidelines for Methanol as Marine Fuel

Maritime Technologies Forum Publishes Guidelines for Methanol as Marine Fuel

PD Ports Names New CEO

PD Ports Names New CEO

Stolt-Nielsen Limited Shares Q2, H1 2026 Results

Stolt-Nielsen Limited Shares Q2, H1 2026 Results

Subscribe for Maritime Logistics Professional E‑News

Michigan Republican: New US-Canada bridge will open soon
US proposes deal with Keystone Pipeline owner regarding 2022 Kansas rupture
European shares end four-week winning streak due to tech selling off, US-Iran War