MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 1.Jul.2025, Words: 264) — During an event in Mexico, billionaire Carlos Slim warned that a solution was needed for state-owned Petróleos Mexicanos (Pemex), which ranks as the world’s most indebted oil and gas company.
Pemex’ financial debt reached $101.1bn at the end of the first-quarter 2025 (1Q:25). This, based on an exchange rate of MXN20.3182 Mexican pesos per US dollar on 31 Mar. 2025.