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PE
National Oil Company
Integrated
Pemex
Mexico City, Mexico · Established 1938 · Profile updated July 1, 2026
Official website ↗Auditor Executive Assessment
Prepared by the Asian Oil Intelligence Desk · Institutional due-diligence memorandum
Petróleos Mexicanos (Pemex) is Mexico's state-owned integrated oil company, controlling upstream production, refining, petrochemicals, and retail via approximately 13,000 service stations. Cantarell decline has been partially offset by Ku-Maloob-Zaap and onshore fields, though total crude output remains below 1.6 mbpd.
FY2024 financials showed revenue near $78 billion with persistent net losses driven by high tax burden, refining losses, and debt service exceeding $100 billion in total liabilit...
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