Pemex Announces Its Results For The Second Quarter Of 2025

• Liquid hydrocarbon production averaged 1,638 Mbd, while natural gas production reached 3,592 MMcfd
• Crude oil processing stood at 987 Mbd, driving oil production to 1,034 Mbd
• These operating results led to a net income of MXN $60B

Petróleos Mexicanos (Pemex) announced its financial and operating results for the second quarter of 2025. The figures reflect the positive impact of a strategy that focuses on the efficient use of resources and institutional strengthening.

During this quarter, liquid hydrocarbon production, including that of its partners, averaged 1.63 million barrels per day, with production remaining stable for the year. During the first quarter of 2025, production averaged 1.61 million barrels. Natural gas production even increased by 2.6% compared to the previous quarter, reaching 3,592 million cubic feet per day.

Crude oil processing averaged 987,000 barrels per day, an increase of 5.4% compared to the first quarter of 2025, driven by the continued operation of the National Refining System and the operation of two trains at the Olmeca Refinery. Oil production reached 1.034 million barrels per day, of which 61.5% were high-value distillates (gasoline, diesel, and jet fuel).

With these operational results, in addition to the company's vertical integration, the current tax regime, a strategy for efficient use of resources that led to a 15.6% reduction in costs, and a positive variation in the peso-dollar exchange rate, Pemex reported net income of 60 billion pesos in the second quarter of 2025.

The EBITDA indicator, which measures the company's value-generating capacity from its core business, stood at 76 billion, while debt remained stable at 98 billion dollars, and payments to suppliers have remained constant throughout the year.

During the first nine months of the current administration, in addition to the company's efforts to efficiently use financial and operating resources and create new business opportunities with joint ventures within a legal framework appropriate for Pemex, there has been ongoing and strategic coordination with the Secretariat of Finance and Public Credit and the Secretariat of Energy.

Thanks to this joint effort, the company has designed and is implementing financial mechanisms that will strengthen its operations, enable it to meet its financial obligations on time, and improve its financial position.

As part of this coordination and strategy, the details of these mechanisms will be announced in the coming weeks through official institutional channels, which will allow the company to strengthen its liquidity, optimize its maturity profile, and reduce the financial cost of its debt. These results reflect Pemex's commitment to responsible management, aimed at contributing to the country's energy security and economic development.