Pemex Posts $6.4 Billion Q4 Loss

Wednesday, February 27, 2019

Mexican state oil company Pemex reported a loss of 125.5 billion pesos ($6.4 billion) for the fourth quarter on Wednesday, narrowing its loss from the same period in 2017, as the firm's finances face renewed scrutiny following a credit downgrade last month.

Revenue at the company officially known as Petroleos Mexicanos was roughly flat at 407.1 billion pesos during the October-December period, the firm said in a filing with the Mexican stock exchange.


($1 = 19.6650 pesos on December 31)

(Reporting by David Alire Garcia; editing by Julia Love)

Categories: Finance Industry News North America

Related Stories

PTTEP Gets Thai Approval for Offshore Stake Transfer to Valeura Energy

MODEC, Eld Energy Advance Fuel Cell Power for FPSOs

TPAO Eyes Karabakh Offshore Expansion with SOCAR

Greater Sunrise Gas Production Pushed Back to 2034

Asia's Oil Industry Braces for Prolonged Hormuz Disruption

Petronas Awards Estuary Cluster PSC to Harvester Energy

Oil Jumps as Houthi Strikes Disrupt Saudi Energy Operations

Technip Energies Nets Engineering Services Job for ADNOC Offshore

BP Completes Central Azeri Platform Maintenance, Ramps Up Production

Hormuz Standoff Risks Chronic Instability for Gulf Oil Flows

Current News

PTTEP Gets Thai Approval for Offshore Stake Transfer to Valeura Energy

Valeura Finds New Oil Near Manora Field in Gulf of Thailand

MODEC, Eld Energy Advance Fuel Cell Power for FPSOs

Santos Expands LNG Portfolio with Asia, Canada Deals

Petronas, PTTEP Get Approvals for New Gas Block Sharing Contract

TPAO Eyes Karabakh Offshore Expansion with SOCAR

XRG, ADNOC and SEFE Deepen Gas Ties in Europe

Saudi Oil Lifeline Shut After Attack as Red Sea Threat Grows

Greater Sunrise Gas Production Pushed Back to 2034

SED Energy Holdings and Ventura Offshore Set to Combine Ops

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com