Oil, Gas and Consumable Fuels
Company Overview of Petróleos Mexicanos S.A. de C.V.
Petróleos Mexicanos S.A. de C.V. 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 explores and produces crude oil and natural gas in the northeastern and southeastern regions of Mexico and offshore in the Gulf of Mexico; converts crude oil into gasoline, jet fuel, diesel, fuel oil, asphalts, and lubricants, as well as distributes and markets these products in Mexico; and processes wet natural gas to obtain dry natural gas, liquefied petroleum gas, and other natural gas liquids. The company also offers methane derivatives, including ammonia and methanol; aro...
Avenida Marina Nacional No. 329
Colonia Verónica Anzures
Mexico City, DF 11311
Founded in 1938
Key Executives for Petróleos Mexicanos S.A. de C.V.
Chief Executive Officer, Director General, Chairman of Pemex Exploration & Production, Chairman of Pemex Industrial Transformation, Chairman of Pemex Cogeneration & Services, Chairman of Pemex Drilling & Services, Chairman of Pemex Logistics, Chairman of Pemex Fertilizers and Chairman of Pemex Ethylene
Chief Financial Officer and Corporate Director of Finance
Deputy Director of Operation and Infrastructure
Director General of Cogeneration and Services
Director General of Pemex Exploration and Production
Compensation as of Fiscal Year 2016.
Petróleos Mexicanos S.A. de C.V. Key Developments
Pemex Signs Memorandum of Understanding to Develop Tuxpan Port Infrastructure with SSA México
Mar 3 17
Pemex has signed a memorandum of understanding with SSA México to evaluate the possible development of oil and gas infrastructure at the port of Tuxpan (pictured). Under the agreement, both parties will analyze a project involving SSA adapting one of its port terminals for the reception of hydrocarbons for Pemex's use and the construction of a pipeline connecting the terminal with the state oil company's storage and delivery terminal in Tuxpan. The two companies will also explore the possibility of SSA México building a terminal with two berths on Pemex property. The companies will draw up a working plan over the next two months and analyze project costs, their respective shares of the project and the next steps to be taken to consolidate an agreement between the two.
Petroleos Mexicanos and BHP Billiton Sign Agreement to Develop Deep-Water Trion Block
Mar 3 17
Petroleos Mexicanos and BHP Billiton signed an agreement to develop the deep-water Trion Block during an event hosted by the President of Mexico, Enrique Pena Nieto. Trion has a depth of more than 2,500 meters, and is located 200 kilometers east of Matamoros, Tamaulipas, and 40 kilometers from the maritime boundary of the Gulf of Mexico. The development of the project, as a whole, will require an investment of $11 billion, and it is estimated that primary production will begin in six or seven years, with more than 100,000 barrels of crude oil equivalent per day. The exploratory studies will be undertaken jointly by the Pemex-BHP Billiton consortium and will provide further information about the existing and potential reserves.
Petróleos Mexicanos Announces Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2016
Feb 27 17
Petróleos Mexicanos announced consolidated financial results for the fourth quarter and year ended December 31, 2016. For the quarter, the company total sales of MXN 323,811 million as compared to MXN 264,227 million last year. Operating income was MXN 170,052 million as compared to operating loss of MXN 299,618 million last year. Income before taxes and duties was MXN 53,786 million as compared to loss before taxes and duties of MXN 328,469 million last year. Net loss was MXN 32,205 million as compared to MXN 359,757 million last year.
For the year, the company total sales of MXN 1,079.5 billion as compared to MXN 1,166.4 billion last year. Operating income was MXN 363.5 billion as compared to operating loss of MXN 154.4 billion last year. Reverse of the operational loss due to increased efficiency and cost reduction. Net loss was MXN 296,007 million as compared to MXN 712,567 million last year. Net result improves due to expense efficiency and discipline policies. Income before taxes and duties was MXN 10,507 million as compared to loss before taxes and duties of MXN 381,067 million last year. Net cash flow from operating activities was negative MXN 17,831 million as compared to net cash flow from operating activities of MXN 102,337 million last year. Acquisition of property, plant and equipment was MXN 175,716 million as compared to MXN 253,514 million last year.
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April 13, 2016