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November 29, 2015 11:43 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Petroleos Mexicanos

Company Overview

Petróleos Mexicanos, together with its subsidiaries, engages in the exploration, exploitation, refining, transportation, storage, distribution, and sale of crude oil, natural gas, and derivatives of petroleum and natural gas in Mexico. It operates through Exploration and Production; Refining; Gas and Basic Petrochemicals; Petrochemicals; and International Trading segments. The Exploration and Production segment explores for and produces crude oil and natural gas, primarily in the northeastern and southeastern regions of Mexico and offshore in the Gulf of Mexico. The Refining segment converts crude oil into gasoline, jet fuel, diesel, fuel oil, asphalts, and lubricants; and distributes and ma...

Avenida Marina Nacional No. 329

Colonia Petróleos Mexicanos

Mexico, DF 11311


Founded in 1938

142,976 Employees


52 55 1944 9700

Key Executives for Petroleos Mexicanos

Chief Executive Officer, Director General, Chairman of the Board of Pemex-Exploration & Production, Chairman of The Board of Pemex-Refining, Chairman of The Board of Pemex-Gas & Basic Petrochemicals and Chairman of The Board of Pemex-Petrochemicals
Age: 41
Chief Financial Officer and Corporate Director of Finance
Age: 51
Corporate Director of Operations
Age: 50
Chief Executive Officer of Pemex Refinacion
Director General of Pemex-Gas and Basic Petrochemicals
Age: 59
Compensation as of Fiscal Year 2015.

Petroleos Mexicanos Key Developments

Renaissance Oil Seeks Acquisition of Certain Pemex Project Assets

Renaissance Oil Corp. is seeking acquisition of certain Petroleos Mexicanos (Pemex) project assets. Renaissance Oil has been provided $20 million senior secured term loan facility for the acquisition of certain Pemex project assets and project assets held by the state located in Mexico.

Petróleos Mexicanos Reports Earnings Results for the Nine Months Ended September 30, 2015

Petróleos Mexicanos reported earnings results for the nine months ended September 30, 2015. For the nine months, the company reported net loss of MXN 352.81 billion compared to a net loss of MXN 147.98 billion for the same period ended September 30, 2014. Total sales were MXN 902.14 billion compared to MXN 1.22 trillion for the same period ended September 30, 2014.

Pemex and its Trade Union Sign an Agreement to Modify Workers Pensions

Pemex and its trade union STPRM have signed an agreement to modify workers' pensions after lengthy negotiations aimed at reducing the company's liabilities. The agreement was signed between Pemex and STPRM and, in addition to respecting workers' rights, will strengthen the company's financial structure and reduce its liabilities, which currently amount to some USD 89.6 billion.

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Recent Private Companies Transactions

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