EconomyFinancialPemex revenues rise 57% due to the recovery of...

Pemex revenues rise 57% due to the recovery of oil prices

The state-owned Pemex saw a significant increase in its revenues last year as part of the global recovery in the price of oil and its derivatives.

The company added revenues of 1,496 million pesos during the past year. The figure represents an increase of 56.95%. A year earlier, in 2020, the state oil company reported total sales of 953.661 million pesos.

The last year was significantly difficult for oil companies globally. Changes in global dynamics resulting from the pandemic plunged oil prices and demand.

The company also ended 2021 with a net loss of 224,363 million pesos. A year before this figure was 509,052 million pesos.

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