Pemex Profits Drop Nearly 70% in Second Quarter of 2026
23 Articles
23 Articles
The investment Pemex made in the first semester is the lowest for the same period since 2012. In the first six months of the year, Pemex had a budget investment of 114 billion pesos, which meant a real fall of 23.6 percent per year, according to data from the Mexican Institute for Competitiveness (Imco). This figure is, in real terms, the lowest recorded in the first six months of the year since 2012 in real terms, that is, discounting the effec…
Pemex Profits Drop Nearly 70% in Second Quarter of 2026
MEXICO CITY — State-owned oil company Petróleos Mexicanos (Pemex) reported a 69.7% drop in net profit for the second quarter of 2026 compared to the same period last year, according to financial statements filed with the Mexican Stock Exchange (BMV). The state energy giant recorded a net income of 18.02 billion pesos (approximately $980 million USD) between April and June 2026, down sharply from the 59.51 billion pesos reported during the second…
State oil reduces its financial debt by 9% to $77.5 billion
Pemex Swings to $1 Billion Profit Buoyed by High Oil Prices
Petroleos Mexicanos swung to a profit in the second quarter, a rare positive signal for the struggling state oil company as it seeks to attract private partners, boost flagging output and slash its massive debt load.
Total sales reached their highest level in the last 14 quarters, reaching 510.4 billion pesos, 30.3% more than in 2Q25.
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
