Mexico's Pemex Scores Net Profits in Fourth Quarter as Government Cuts Taxes

February 29, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Petroleos Mexicanos (Pemex) (Mexico City) registered net income of 106.9 billion Mexican pesos (US$ 6.2 billion) during fourth-quarter 2023, recovering from losses of 95.6 billion pesos (US$ 5.5 billion) experienced during the same period of 2022, and swinging back from losses of 79.1 billion pesos (US$ 4.6 billion) in the third quarter of 2023.