Oil, Gas and Consumable Fuels
Company Overview of Petroleos Mexicanos
Petróleos Mexicanos, together with its subsidiaries, engages in the exploration, exploitation, refining, transportation, storage, distribution, and sale of crude oil, natural gas, and derivatives of petroleum and natural gas in Mexico. The company operates in four segments: Exploration and Production, Refining, Gas and Basic Petrochemicals, and Petrochemicals. The Exploration and Production segment explores for and produces crude oil and natural gas, primarily in the northeastern and southeastern regions of Mexico and offshore in the Gulf of Mexico. The Refining segment converts crude oil into gasoline, jet fuel, diesel, fuel oil, asphalts, and lubricants. It also distributes and markets the...
Avenida Marina Nacional No 329
Colonia Petróleos Mexicanos
Mexico, DF 11311
Founded in 1938
Key Executives for Petroleos Mexicanos
Chief Financial Officer and Corporate Director of Finance
Corporate Director of Operations
Chief Executive Officer of Pemex Refinacion
Director General of Pemex-Gas & Basic Petrochemicals
Compensation as of Fiscal Year 2013.
Petroleos Mexicanos Key Developments
Petroleos Mexicanos Sells over USD 1.7 Billion Bonds
Nov 22 13
Petroleos Mexicanos sold EUR 1.3 billion (USD 1.758 billion) in seven-year bonds, with a 3.125% coupon, in its first euro debt issue since 2009. The return to that market diversifies the investor base and makes the financial cost more efficient. The bonds were placed through BBVA, Credit Suisse and HSBC and the demand exceeded nearly five times the issued amount. Among the main investors were pension funds, financial institutions, investors from London, Paris, Frankfurt and Amsterdam as well as from Switzerland, Spain, the USA and Mexico.
Petroleos Mexicanos Puts Up For Sale 4.12% Stake In Repsol
Nov 21 13
Petroleos Mexicanos has put up for sale a 4.12% stake in Repsol, S.A. (CATS:REP). Petroleos Mexicanos has listed 53.7 million shares in Repsol, or 44% of its 9.34% stake in Repsol, Petroleos Mexicanos said in a filing with the US Securities and Exchange Commission (SEC).
Petroleos Mexicanos Reports Preliminary Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013
Nov 12 13
Petroleos Mexicanos reported preliminary consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company's operating income was MXN 192,282 million compared with MXN 221,481 million a year ago. This decrease was primarily due to the decrease in other revenues and the increase in general expenses during the period, and was partially offset by the decrease in cost of sales. Income before taxes and duties was MXN 186,886 million compared with MXN 247,450 million a year ago. EBITDA was MXN 261,306 million compared with MXN 283,122 million a year ago.
For the nine months, the company's operating income was MXN 591,141 million compared with MXN 703,145 million a year ago. Income before taxes and duties was MXN 565,989 million compared with MXN 719,361 million a year ago. As on September 30, 2013, the company's total net debt was MXN 693,937 million. Net cash flow from operating activities was MXN 140,318 million compared with MXN 142,283 million a year ago. Acquisition of property, plant and equipment was MXN 140,719 million compared with MXN 124,355 million a year ago. EBITDA was MXN 794,958 million compared with MXN 880,441 million a year ago.
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