Mexico’s Oil Giant Pemex Posts Rare Profit for Q2 ...Middle East

Petroleos Mexicanos, Mexico’s state oil giant and the world’s most indebted energy firm, reported on Tuesday its first quarterly profit in a year, thanks to the rising Mexican currency.   Petroleos Mexicanos, or Pemex as it is known, booked a net profit of $3.16 billion (59.52 billion Mexican pesos) for the second quarter of 2025, for the first quarterly profit in over a year.   The losses for 2024 amounted to about $30 billion, with the fourth-quarter loss alone at just over $9 billion. Crude and condensate production…

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