Pemex Reports $2.6 Billion Annual Loss as Oil Output Falters
A Pemex oil platform off the coast of Ciudad del Carmen, Campeche state, Mexico.
Photographer: Cesar Rodriguez/BloombergPetroleos Mexicanos posted an annual loss of 45.2 billion pesos ($2.6 billion) as President Claudia Sheinbaum’s massive financial support for the debt-laden company has so far failed to lift crude production.