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Eye on Pemex

Pension funds to invest in Pemex?

Pemex does not have the necessary budget to solve its financial and operational crisis, but the government is analyzing different alternatives to help the NOC. Pension fund administrators (Afores) could play a key role in this process.

 

Tuesday, March 5th, 2019
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Pemex, the most indebted oil company

Pemex, the most indebted oil company

Pemex has been reporting a constant declining production over the last decade, but this has not been its only problem. The NOC has faced several issues such as wasteful spending, a high tax burden and a huge debt.

Monday, March 4th, 2019
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Pemex results in 4Q18

Pemex results in 4Q18

Pemex announced its financial and operational results for the fourth quarter and year ended 2018, highlighting positive performance in key metrics such as EBITDA, operating income and total sales. The company continues to report a net loss, but it decreased compared to previous year.

Thursday, February 28th, 2019
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Pemex auctions

Andres Manuel Lopez Obrador (AMLO), President of Mexico, continues to announce measures to solve the financial and operational crisis of Pemex. Octavio Romero Oropeza, CEO of Pemex, spoke about the awarding of new oil contracts.

Wednesday, February 27th, 2019
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PEP, in Technical bankruptcy?

The Superior Auditor of the Federation (ASF), David Colmenares, spoke about the financial situation of Pemex Exploracion y Producccion (PEP) and Pemex Transformacion Industrial (PTI).

Monday, February 25th, 2019
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Pemex workforce to increase

Pemex continues to report poor operational metrics, affecting its financial situation. However, the company continues to maintain a costly workforce, and plans to spend more on this issue, despite the current crisis.

Monday, February 25th, 2019
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Controls on fuel imports

Controls on fuel imports

Mexico has increased its dependence on refined-products imports in recent years, due to Pemex operational problems, especially in its refineries. The Secretary of Energy (Sener) is analyzing alternatives to increase controls on imports.

Wednesday, February 20th, 2019
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Pemex fiscal burden

Andres Manuel Lopez Obrador (AMLO) has announced several measures to help overcome Pemex operational and financial crisis. The tax burden has been one of the main problems of the NOC and the government is working on this issue.

 

Wednesday, February 20th, 2019
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Rating agencies talk AMLO’s plan for Pemex

President Andrés Manuel López Obrador (AMLO) recently announced ‘extraordinary support measures’ to back up Pemex. Here is what rating agencies like JP Morgan and Fitch have to say about them.

 

Wednesday, February 20th, 2019
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Pemex in the BMV

Undersecretary of Finance, Arturo Herrera, ruled out the option of placing Pemex’s shares in the Mexican Stock Exchange (BMV), for now.

 

Tuesday, February 19th, 2019
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