Pemex Annual Loss Reaches $2.6 Billion Despite State Support.

The article focuses on Petroleos Mexicanos (Pemex), Mexico's state oil company, reporting a 2025 annual loss of 45.2 billion pesos ($2.6 billion) despite significant financial support from President Claudia Sheinbaum's administration. Pemex's crude production declined by 1.3%, while natural gas output increased by 7.4%, and refining operations improved, reducing gasoline and diesel imports to a 16-year low. The company carries $85.2 billion in debt and plans capital expenditures of 291.4 billion pesos in 2026, with ongoing government aid and efforts to attract private investment aimed at achieving self-sufficiency by 2027. However, private sector participation remains limited, with few major partners besides billionaire Carlos Slim's Grupo Carso. [Extracted from the article]