Pemex in context

Mission: Maximize the value of the nation’s hydrocarbon assets by satisfying national demand for oil products with the quality required in a safe, reliable, profitable and sustainable fashion.

 

With its Head Quarters in Mexico City, Petróleos Mexicanos is a state-owned company that is incorporated as a decentralized organization of the Federal Public Administration, established pursuant to the laws of Mexico, in accordance with the Decree of June 7, 1938. With its own legal charter and assets, its purpose is to exercise the central guidance and strategic administration of the activities corresponding to the state oil industry.

 

Pemex is made up of four Subsidiary Entities that carry out exploration, production, transformation and commercialization activities for oil and natural gas in the domestic and external markets, and also for refined products, liquefied petroleum gas and petrochemicals. It also carries out business activities abroad through PMI Comercio Internacional.

 

With this structure, Pemex has guaranteed the supply of the nation’s primary energy products and has thus contributed to development and substantial change in Mexico. In order to ensure that Pemex would continue to play a major role in the nation’s development, in 2010 the Business Plan was approved where the strategies by which the company seeks transformation and recognition as a safe, efficient, profitable, modern, transparent and sustainable company are set forth.

 

Business Plan

Curse of actionThe Business Plan is the result of an effort to focus the primary strategies that address key aspects integral to define the course of the company.

 

To achieve the objectives have been identified four course of action, each with a number of specific strategies:

 

  1. Growth
  2. Efficiency
  3. Corporate responsibility
  4. Modernization of management

 

Corporate Responsibility at Petróleos Mexicanos

As a key element of success, companies are obliged to clearly understand the impact of their activities at the social, economic and environmental level, in order to modify their operations and management to mitigate possible risks.

 

Petróleos Mexicanos defines corporate responsibility as a commitment that goes beyond social or environmental actions developed by the institution in areas where it operates. This is a subject that should be incorporated naturally into investment and operations decisions, and into the ongoing improvement of processes

 

Using the Business Plan as a point of reference and taking fundamental elements as the base for the company’s sustainable development, the IRS 2010 focuses its contents on the components of corporate responsibility that will make it possible to reach a safe, reliable, profitable and sustainable operation for the organization.

 

Complementary to the direct incorporation of corporate responsibility into the Business Plan and to strengthen efforts on this matter, since 2008 Pemex has conformed a Citizen Participation Group in order to incorporate the opinions of civil society to improve its performance in social and environmental responsibility.

 

Main numbers 2010
  Subject 2008 2009 2010
Safe operations  Frequency rate 0.47 0.42 0.42
Fatality rate 2.11 1.58 1.37
Total workforce 161,158 163,084 184,090
Reliable facilities  Total unscheduled shutdowns PGPB 2.9  2.2 2.2
PPQ 4.3  4.6 4
PREF 4.9  3.5 9.6
PEP (0.8,1.4)  (0.7, 0.3)  (3.9,5.0) 
Hydrocarbon reserves (Billion boe) 44.5 43.6 43.1
Pipeline production (km) 23,419 21,161 24,974
Profitable strategies Sales (bn$) 1,328.90 1,089.90 1,282.10
Labour value (bn$) 34 31.8 37
Community value (bn$) 2.7 2.6 2.9
Environmental value (bn$) 9.4 8.5 10.1
Sustainable business Donations, grants, benefit works, real estate and moveable
property donations (bn$)
2.67 2.68 2.97
Atmospheric emissions (MMton)  1.12 1.01 0.78
CO2 emissions (MMtonCO2) 54.8 50.2 45.4

Frequency rate: number of disabling accidents or fatalities occurring over a given period of time per million hours of exposure to the risk.

Fatality rate: Total number of Pemex personnel fatalities over a given period per million hours of exposure to the risk.

Total unscheduled shutdowns rate: in production area (includes operative causes, maintenance, backlogs, electric failures and external causes).