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Pemex posts nearly $18 bln 4th-qtr loss


By Reuters

Petroleumworld 02 27 2018

Mexican state-owned oil company Pemex made a 352.3 billion ($17.9 bln) peso loss in the fourth quarter of 2017, the company reported on Monday, blaming a volatile exchange rate and higher financing costs for its performance.

Revenue at the company officially known as Petroleos Mexicanos during the October-December period was 402.5 billion pesos ($20.5 bln), according to a filing to the Mexican stock exchange.

($1 = 19.6595 pesos on Dec. 29)



Reporting by David Alire Garcia; Editing by Frank Jack Daniel from Reuters.
02 26 2018

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