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PEMEX Achieved MX$106 Billion in Profits in 4Q23
By Perla Velasco - Mon, 03/04/2024 - 10:26
PEMEX closed 4Q23 with significant profits despite debt challenges.
https://mexicobusiness.news/tag/moodys-0
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IMCO Discusses PEMEX’s Potential Risk to Public Finances
By MBN Staff - Mon, 02/19/2024 - 09:45
Jesús Carrillo, Director of Economics, IMCO, says that the tax relief granted to PEMEX signals deterioration of the company.
SHCP Grants PEMEX Tax Relief Amid Financial Pressures
By MBN Staff - Thu, 02/15/2024 - 03:21
SHCP granted tax relief to PEMEX amid financial challenges following Moody's downgrade.
Moody's Downgrades PEMEX Rating Amid Rising Debt
By Karin Dilge - Mon, 02/12/2024 - 15:13
Moody's downgrades PEMEX's credit rating to B3 amid mounting debt and operational hurdles, citing increased liquidity challenges and other risks.
AFORE Investments in PEMEX and CFE Surge
By MBN Staff - Tue, 01/30/2024 - 08:15
In 2023, Retirement Fund Administrators (AFORE) witnessed a significant increase in investments in PEMEX and CFE.
Proposal to Make PEMEX’s Debt Public Ignites Debate
By Perla Velasco - Mon, 01/29/2024 - 10:14
A proposal to make PEMEX's debt public is igniting debate. Defenders argue it could safeguard finances but detractors are wary of the NOC’s debt.
Key Oil and Gas Leaders Gather at MOGS 2023
By Perla Velasco - Fri, 10/06/2023 - 16:07
Mexico’s oil and gas leaders and key decision-makers from the industry gathered to discuss the current state of the national industry.
New Player in the Industry
By Perla Velasco - Thu, 09/14/2023 - 10:00
Russian giant, Lukoil, has opened operations in Mexico. This and more in this week’s roundup!
PEMEX Reports Profits in 1H23
By Perla Velasco - Mon, 08/07/2023 - 16:16
For the second year in a row, PEMEX has reported net profit in 1H23, according to IMCO.
HR Ratings Upgrades PEMEX’s Risk Grade
By Perla Velasco - Fri, 05/19/2023 - 09:57
PEMEX’s result is primarily influenced by the anticipated level of ongoing federal support for the NOC.