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171 articles for Pemex
Mexico: Public Finances – $104.4 billion deficit in the PSBRs up to May
PSBRs deficit of $104.4 billion up to May. The MoF released its public finance report for May, in which we highlight the $104.4 billion deficit in Public Sector Borrowing Requirements (PSBR) –the broadest measure of the public balance[1]–. This compa...
Mexico: Retail sales extend their positive trend in April
In monthly terms, sales rose 0.4%, adding nine consecutive months of improvements. This result implies an acceleration vs the previous month, in line with higher seasonal spending by households related to the Easter holiday. Retail sales rose 0.4% m/...
Mexico: Ahead of the Curve
Proceeding in chronological order... Investment likely stayed somewhat sluggish in March. Nevertheless, this would be short of making up for the sizable contraction of 8.2% seen in February. On the other hand, machinery and equipment would contract 4...
Mexico: Public Finances – $54.5 billion deficit in the PSBR up to April
PSBRs deficit of $54.5 billion up to April. Meanwhile, VAT revenues declined 3.8%. 1] The PSBRs include the sum of the Public Balance, the financial requirements of the Mexican Bank Savings Protection Institute, financial requirements of deferred inv...
Mexico: Fitch affirms Mexico ‘BBB-’ rating, with a stable outlook
With this action, the revision cycle begins for this year, awaiting announcements from the two other big agencies soon. Fitch Ratings ratifies Mexico's sovereign rating at ‘BBB-’. The last time they made an announcement was very similar, back in Nove...
Mexico: Public Finances – $112.9 billion deficit in the PSBRs in 1Q22
Budget revenues increased 2.2% y/y in real terms, with oil higher (+31.7%), but with non-oil revenues lower (-2.2%). Income from government-controlled entities (IMSS and ISSSTE) came in at $125.4 billion (6.5%), while those of CFE reached $90.2 billi...
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Mexico
LatAm
Energy
About
Petroleos Mexicanos operates as an oil and gas exploration and production services. The Company offers pipeline carriage, petrochemical distributor and shipping centers, logistics, and fuel commercialization services. Petroleos Mexicanos serves customers in Mexico.