Mexico Metropolis (Reuters) -The Mawaza Authorities Firm within the Vitality subject introduced on Monday of a internet revenue of 59.52 billion peso ($ 3.17 billion) for the second quarter of this yr, which enormously helped at a extra appropriate trade price.
Like most of its friends in Latin America, Pemex is a authorities firm supplied by the greenback, together with the overwhelming majority of its spending and revenues.
Within the second quarter of final yr, Peex achieved a internet lack of 273.33 billion peso after it misplaced the Mexican bizo worth in opposition to the greenback. The corporate additionally instructed a internet lack of 43.3 billion peso within the first quarter of this yr.
In depositing the inventory trade, Pemex additionally said that revenues decreased by 4.4 % in the course of the second quarter of this yr to 391.62 billion peso, which had been attributed to a lower in crude oil gross sales and low petroleum merchandise reminiscent of gasoline and diesel.
The earnings earlier than curiosity, taxes, depreciation, and firefighting (EBITDA) reached 76 billion pzzo for 1 / 4.
Peex has reported essentially the most highly effective vitality firms on this planet, of economic money owed of $ 98.8 billion on the finish of the quarter and that it’s owed to service suppliers 22.79 billion {dollars}.
One of many largest firms and shareholders within the state’s treasures, Peex 94 billion peso obtained in authorities help and paid provides greater than 230 billion peso.
The typical manufacturing of crude and condensed oil with companions per quarter reached 1.64 million barrels per day, whereas the common pure fuel manufacturing reached 3.59 billion cubic toes per day.
The corporate’s government officers instructed the traders in a name after the dismissal of the quarterly outcomes that Pemex continues to be searching for to extend crude oil manufacturing to the federal government objective of 1.8 million barrels per day.
To do that, the corporate will depend on the so -called blended contracts that might be supplied to non-public firms, in addition to on steady authorities help.
In recent times, manufacturing has decreased quickly, particularly within the Gulf of Mexico.
($ 1 = 18.7654 Mexican Peso on the finish of June)
(I participated within the studies of Anna Isabelle Martinez, Adriana Parrera, Brendan Obwell and Nu Torres; writing by Stephanie Ichenbasher; edited by Susan Venton)
2025-07-28 15:58:00