Pemex Had Loss of US$9.3 Billion in Q4

March 3, 2025--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Petroleos Mexicanos (Mexico City, Mexico), better known as Pemex, reported a net loss of 190.5 billion Mexican pesos (about US$9.3 billion) in fourth-quarter 2024, compared with net income of 5.1 billion Mexican pesos (about US$249 million) in corresponding quarter from 2023.The negative financial results were the outcome of higher costs, changes in foreign exchange, and an increase in the impairment of fix