Overview

• The president said petroleum revenues total about 1.6 trillion pesos annually, arguing the company’s core operations are profitable.
• She projected year-end debt of $88 billion and a gradual decline to $77 billion by the end of her term in 2030.
• Pemex’s debt stood at $98.8 billion at the end of the second quarter of 2025, up from $97.6 billion at end-2024, according to recent figures.
• Sheinbaum blamed the current burden on past administrations, noting debt rose from $46 billion in 2007 to $105 billion by 2018 and citing corruption cases such as Emilio Lozoya.
• She highlighted expanded domestic capacity with eight refineries, including Dos Bocas and Deer Park, and said near-term interest obligations will remain sizable next year despite the deferral.