MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 7.Jun.2025, Words: 297) — As part of the 87th anniversary of the creation of state-owned Petróleos Mexicanos (Pemex), the following brief timeline takes readers through the journey with highlights of some of the most important events since 1938.
1938
Mexico’s then president Lázaro Cárdenas del Río expropriated the facilities of foreign oil companies. On 7 Jun. of that year, Pemex was created through a presidential decree as the only oil company in Mexico.
