The loss was also attributed to increased sales costs, reduced fixed asset values and currency exchange losses.

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The oil giant is seeking tax relief as part of its strategy to regain stability. Recently, the Chamber of Deputies approved a ...

Pemex swung to a 190.47 billion-peso ($9.31 billion) loss during the final three months of 2024 from a meager 5 billion-peso profit a year earlier. It was the third straight period of negative ...

MEXICO CITY--Mexican state-owned oil company Petróleos Mexicanos swung to a loss in the fourth-quarter despite higher sales as a slide in the peso and asset impairments dragged on results.

Trump this week implemented 25% tariffs on goods from Mexico and Canada. While Canadian crude won an exception of a 10% levy, Mexican crude is to be taxed at 25%. Last year, Pemex exported 806,000 ...