Pemex Quarterly Profit Almost Triples on Surge in Oil Prices
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Petroleos Mexicanos, Latin America’s largest oil producer, said quarterly profit rose to the highest since June 2008 as crude prices increased.
Net income almost tripled to 4.21 billion pesos ($365 million) from 1.44 billion pesos in the year-earlier period, the Mexico City-based company said yesterday in a statement. Revenue increased 15 percent to 352.7 billion pesos.