Sales surged 28.5% to 486.78 billion pesos, shifting the company from an operating loss of 12.88 billion pesos a year ago to an operating profit of 97.59 billion pesos. Management highlighted that this performance stems from increased refining activity and higher petroleum product prices, which helped buffer against elevated tax burdens and foreign-exchange losses.
In section Market Quotes
Pemex Narrows Quarterly Loss as Fuel Sales Climb
A loss of 10.8 billion Mexican pesos for the third quarter marks a significant recovery for Petroleos Mexicanos, which reported a 61.24 billion peso deficit during the same period last year. The state-owned oil giant credits the improved bottom line to a robust increase in fuel marketing and domestic demand.
Operational gains were bolstered by a 14% increase in refinery throughput, processing 1.14 million barrels per day, the highest volume since 2014. While crude oil and condensate production dipped slightly to 1.64 million barrels daily, natural gas output climbed 7.9%. Despite these gains, the company maintains a substantial debt load of $77.6 billion, though this figure represents an 8.9% reduction compared to the end of 2025.
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