Mexico’s state-owned oil company Pemex reported its first quarterly profit in a year, booking a net profit of 59.52 billion ...

Fitch Ratings upgraded Petroleos Mexicanos after the government sold $12 billion in global debt markets to help shore up the driller’s finances.

Fitch Ratings elevó la calificación crediticia de Petróleos Mexicanos después de que el Gobierno federal colocara US$12.000 ...

HOUSTON (Reuters) -U.S. oilfield service provider Halliburton on Tuesday said Mexico's crude production decline rates are ...

Fitch Ratings upgraded Mexican state energy producer Petroleos Mexicanos' (Pemex) credit rating to 'BB' from 'B+' on Tuesday, ...

Mexican federal officials have busted a massive crude oil smuggling operation hidden in a residential neighborhood in Reynosa ...

MEXICO CITY (Reuters) -Mexican state energy company Pemex on Monday reported a net profit of 59.52 billion pesos ($3.17 ...

Pemex's crude oil exports took a nosedive in January, plummeting by a staggering 44% compared to the same month last year. This drop, the steepest on record, is largely due to U.S. Gulf Coast ...

The Mexican government had been reluctant to backstop Pemex debt. But on Thursday CEO Octavio Romero announced that the Mexican treasury will step in to refinance the company’s liabilities.

While Pemex’s exploration and production arm is profitable, the company is facing losses elsewhere, particularly from its refining operations. In July Fitch, a credit-rating firm, downgraded Pemex.

The plant is operated by Pemex, Mexico's state-owned oil company, and located in the suburb of Deer Park. An aerial view of the Deer Park Manufacturing Complex in Deer Park, Texas, in August 2017.

The money problem afflicting Pemex has largely been caused by successive Mexican governments treating the NOC as a cash cow, and the truth is that the company has been milked to death. This year ...