MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 4.Feb.2026, Words: 175) — State-owned Petróleos Mexicanos (Pemex) debt has declined in each of the last 5 years and is expected to end 2025 at $84.5bn, according to Pemex CEO Víctor Rodríguez Padilla.
Pemex’ debt reached an historic high of $113.2bn in 2020 at the height of the COVID-19 pandemic.