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 Taps Yinson Production for Major Ghana FPSO Gas Upgrade

ADNOC Signs Multi-Year LNG Supply Deal with Thailand’s Gulf Group

Iran Set to Keep Hormuz Shut Until Seven Demands Are Met

Höegh Evi, PETROS to Develop Kuching LNG Terminal in Malaysia

SBM Offshore Taps Chinese Contractor for FPSO Topside Modules

Arabian Drilling Inks $533M Deal for Four Jack-Up Drilling Rigs

Inpex Takes Additional Stake in Ichthys LNG

Eni Confirms Sapukala Deepwater Block Award in Indonesia

Fugro Adds More Survey Work off Timor-Leste

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

Current News

Oil Stabilizes as IEA Moves to Speed Up Emergency Stock Releases

Yinson Production Raises $1.46B to Refinance Agogo FPSO

Oil Climbs on US Storm Threat, Saudi Attack Risks

KBR to Support Aramco’s Marjan Offshore Field Upgrade

Oil Industry Braces for Years of Market Disruption

Eni Taps Yinson Production for Major Ghana FPSO Gas Upgrade

ADNOC Signs Multi-Year LNG Supply Deal with Thailand’s Gulf Group

Iran Set to Keep Hormuz Shut Until Seven Demands Are Met

LNG Flows Through Hormuz Hit Seven-Month High

Inpex Buys Into Two BP-Operated Indonesian Offshore Blocks

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