The total financial debt of Mexico's state-owned oil company Pemex totaled $106.8 billion at the end of last year, according to preliminary data released by the country's president on Feb. 21.
President Andres Manuel Lopez Obrador revealed the debt data in a chart from a presentation on Pemex, one of the world's most indebted oil companies, at his regular government press conference. The presentation was dated Feb. 20.
It was not immediately clear whether the figure he cited will be included in Pemex's quarterly financial results expected next week.
Lopez Obrador has pumped billions of dollars into the national producer during his more than five years in office, including a range of capital injections as well as tax reductions in a bid to boost its bottom line.
Recommended Reading
New Permian Math: Vital Energy and 42 Horseshoe Wells
2024-05-10 - Vital Energy anticipates making 42 double-long, horseshoe-shaped wells where straight lines would have made 84 wells. The estimated savings: $140 million.
SM Energy Targets Prolific Dean in New Northern Midland Play
2024-05-09 - KeyBanc Capital Markets reports SM Energy’s wells “measure up well to anything being drilled in the Midland Basin by anybody today.”
Vår Selling Norne Assets to DNO
2024-05-08 - In exchange for Vår’s producing assets in the Norwegian Sea, DNO is paying $51 million and transferring to Vår its 22.6% interest in the Ringhorne East unit in the North Sea.
Crescent Energy: Bigger Uinta Frac Now Making 60% More Boe
2024-05-10 - Crescent Energy also reported companywide growth in D&C speeds, while well costs have declined 10%.
SLB OneSubsea JV to Kickstart North Sea Development
2024-05-07 - SLB OneSubsea, a joint venture including SLB and Subsea7, have been awarded a contract by OKEA that will develop the Bestla Project offshore Norway.