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July 07, 2015 3:56 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

Mexico

Founded in 1938

151,318 Employees

Phone:

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

Petroleos Mexicanos Presents at Debtwire Mexico Forum, Jun-11-2015 05:00 PM

Petroleos Mexicanos Presents at Debtwire Mexico Forum, Jun-11-2015 05:00 PM. Venue: Hyatt Regency Mexico City, Campos Eliseos No. 204 Polanco Chapultepec, Mexico City 11560, Mexico. Speakers: Julio Alberto Valle Pereña, Acting Investor Relations Officer.

Petroleos Mexicanos Mull Selling Refining, Petrochemical Businesses

Petroleos Mexicanos could sell its refining and petrochemical business and invest the proceeds in more profitable areas like exploration and production. "We will have to at some point take a decision to see if we continue with those activities.. "One of the options we can take is sell those assets, sell Pemex's stake, and with that money, invest it in areas that generate more value, like exploration and production.“ Mario Beauregard, Pemex's Chief Financial Officer said.

Pemex to Shed Up to 3,000 Jobs

Pemex will shed up to 3,000 jobs in 2015 by not replacing workers due to retire as part of its austerity drive. Rather than laying off more staff, the company will instead not replace the 2-3,000 people scheduled to retire from the company in 2015. These retirees have either worked at Pemex for 25 years or are over the age of 55. It is expected that between 2,000 and 4,000 employees will retire in 2016.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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