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PEMEX continues to record positive overall results for the third quarter of 2023

  • ​In the period from July to September 2023, PEMEX oil production averaged 1,850 Tbd (thousands of barrels per day), while the average for the first nine months of the year totaled 1,861 Tbd.
  • The processing of crude oil and the production of oil products continue to strengthen and contribute to national fuel self-sufficiency.
  • The accumulated net income for 2023 to date has totaled 3.025 billion pesos.
In compliance with applicable regulations, today Petróleos Mexicanos (PEMEX) recorded its financial results for the third quarter of 2023 with the Mexican Stock Exchange (BMV) and the National Banking and Securities Commission (CNBV).

Pemex points out that, with the results achieved through the third quarter, key operating and financial performance indicators show a turnaround in relation to the trend observed by the end of the previous administration, where significant declines were recorded.

Production of oil without the participation of partners during the third quarter of 2023 totaled 1,850 thousand barrels per day (Tbd), which is 86 Tbd higher than the production recorded in the same period of the previous year, with an average production of 1,861 Tbd for the period January-September 2023.

The average crude oil processing at Pemex facilities, including Deer Park, amounted to 1,075 Tbd, contributing to higher fuel production for transportation, equivalent to an increase of 88% as compared to the figures recorded at the end of 2018.

In terms of financial results, there is currently a net accumulated yield of 3.025 billion pesos and an accumulated debt balance of 105.836 billion dollars. If measured in real terms, the reduction of the total debt balance amounts to more than 23 billion dollars, which represents a reduction of 18.1% of the balance recorded at the beginning of this administration.

At Pemex, we will continue to contribute our talent and efforts to ensure that the conditions we have achieved can be maintained and boosted into sustainable upgrades, with the purpose of bringing about the recovery of Mexico's oil industry.

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Mentions of Pemex may refer to Petróleos Mexicanos or any of its Subsidiary Productive Companies.
Last Modified 02/11/2023 20:20 Pemex