Mexico Energy Profile: Production And Exploration Is Growing – Analysis

Pemex (Mexico’s state-owned oil company) reported a profit of 23 billion pesos ($1.2 billion) in 2022 aided by higher oil prices.^1 This is the first time the company posted a profit in a decade on an annual basis. Pemex used a $2 billion bond to refinance some of its nearly $105 billion debt in the third quarter...