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

Eni and Petronas JV Extend Drilling Backlog for Ventura Offshore’s Semi-Sub Rig

Eni Confirms Sapukala Deepwater Block Award in Indonesia

South Korea Aims to Cut Middle East Crude Dependence to 50% by 2035

Indonesia Picks Winners for Six Oil and Gas Blocks, Puts Eight More on Offer

MODEC, Eld Energy Advance Fuel Cell Power for FPSOs

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

Borr Drilling's Mexican JV Expands Fleet with Five Jack-Ups

Oil Surges 3% on Renewed US-Iran Strikes

Current News

SLB Secures Aramco Well Construction Work for 450 Wells

Inpex Takes Additional Stake in Ichthys LNG

Eni and Petronas JV Extend Drilling Backlog for Ventura Offshore’s Semi-Sub Rig

Eni Confirms Sapukala Deepwater Block Award in Indonesia

Fugro Adds More Survey Work off Timor-Leste

Southeast Asia Plans 100 GW-Plus Gas Power Expansion Despite LNG Risks

Saudi Aramco Plans Standalone Gas Division in Major Reorganization

South Korea Aims to Cut Middle East Crude Dependence to 50% by 2035

Iran Restores Half of Damaged South Pars Gas Field Capacity

Oil Drops as Hormuz Reopening Prospects Ease Supply Concerns

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