Overview
- On Monday Petróleos Mexicanos disclosed a January–September net loss of 38,763 million pesos even as revenues reached 1.362 trillion pesos, a 17% increase from a year earlier.
- Financial debt fell to $77.606 billion at the close of the third quarter, the lowest level in 12 years, a decline company executives attribute to financing operations and government support.
- Obligations to suppliers and contractors remain large at 414,218 million pesos on September 30, 2026, though that figure is down 19.9% year‑on‑year after Pemex says it paid more than 370,000 million pesos in 2026.
- Operational output stayed below strategic targets, with liquid hydrocarbons averaging 1.650 million barrels per day, crude processing at 1.097 million bpd and national refining running at about 55% capacity.
- Non‑financial drains persist: fuel theft cost Pemex 18,218 million pesos through September and emissions rose sharply (CO2e +14%, methane +16.9%), creating regulatory, reputational and cash‑flow pressures that could slow supplier recovery and future investment.