Overview
- Pemex reported a second‑quarter net profit of 18,024 million pesos, a result the company disclosed in its June 30 financial filing.
- The state oil company still posted a net loss of 27,968 million pesos for the first half of 2026, showing short‑term volatility in results.
- Financial debt fell to about USD 77.5 billion and supplier obligations dropped to 374,334 million pesos, improvements the company links to liability management and liquidity measures.
- Operational metrics moved only modestly: average liquids production rose 1.7% to 1.658 million barrels per day and refinery crude processing climbed 2.9% to roughly 1.008 million barrels per day.
- Analysts warn much of the improvement came from government transfers, a reported 49,267 million peso exchange gain and higher oil prices, while total liabilities remain about 4.010 trillion pesos and long‑term obligations and pension claims continue to limit investment and fiscal flexibility.