Pemex

Petróleos Mexicanos
Company typeState-owned enterprise
IndustryOil and gas
FoundedJune 7, 1938 (1938-06-07)
FounderLázaro Cárdenas
HeadquartersMexico City, Mexico.
Key people
Octavio Romero Oropeza (CEO)
ProductsFuel, natural gas and other petrochemicals
RevenueDecrease US$74.394 billion (2019)[1]
Decrease US$1.965 billion (2019)[1]
Decrease −US$18.462 billion (2019)[1]
Total assetsDecrease US$101.800 billion (2019)[1]
Total equityDecrease −US$105.980 billion (2019)[1]
OwnerMexican Government
Number of employees
124,818 (2018)
Websitewww.pemex.com

Pemex (a portmanteau of Petróleos Mexicanos, which translates to Mexican Petroleum in English; Spanish pronunciation: [ˈpemeks]) is the Mexican state-owned petroleum company managed and operated by the Mexican government. It was formed in 1938 by nationalization and expropriation of all private oil companies in Mexico at the time of its formation. Pemex had total assets worth $101.8 billion in December 2019[1] and as of 2009 was Latin America's second largest enterprise by annual revenue, surpassed only by Petrobras (the Brazilian national oil company).[2] The company is the seventh most polluting in the world according to The Guardian.[3]

  1. ^ a b c d e f FS
  2. ^ "AméricaEconomía – Ránking las 500 mayores empresas de América latina". americaeconomia.com. Archived from the original on November 18, 2018. Retrieved April 20, 2015.
  3. ^ Riley, Tess (July 10, 2017). "Just 100 companies responsible for 71% of global emissions, study says". The Guardian. ISSN 0261-3077. Retrieved June 17, 2020.

© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search