Visitors Now:
Total Visits:
Total Stories:
Profile image
By Hispanically Speaking News (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Pemex Up $2.45 Billion Since Beginning of 2012

Wednesday, October 31, 2012 6:40
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Pemex Up $2.45 Billion Since Beginning of 2012

State-owned oil giant Petroleos Mexicanos, or Pemex, said it posted a net profit of 31.9 billion pesos (about $2.45 billion) in the first nine months of this year, marking a turnaround from the loss posted in the same period in 2011.

Profits increased in the first three quarters of the year due “mainly to higher revenues, which rose to 1.22 trillion pesos (nearly $94.31 billion),” Pemex said.

The state-owned oil company posted a net loss of nearly 67.66 billion pesos (some $5.2 billion) in the January-September 2011 period.

Payments to the Treasury totaled 689 billion pesos (some $53 billion) during the January-September period, up 9 percent from the same period last year, Pemex said in a filing with the Mexican Stock Exchange.

Consolidated stockholders equity totaled 145 billion pesos (about $11.15 billion) as of Sept. 30, up by 19 billion pesos (some $1.46 billion) from the Dec. 31, 2011, level, Pemex said.

Domestic sales rose 9.5 percent during the first nine months of this year, while exports increased 5.8 percent, thanks to stable production and higher prices for the Mexican crude export blend, Pemex said.

Published in Notitas de Noticias




Source:

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.