Pemex Reports 2Q:24 Financial, Operational Results

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(Pemex, 26.Jul.2024) — Regarding financial results, Pemex reported a net loss of MXN 255.9bn was obtained in 2Q:24, MXN 281.4bn lower than the net profit of MXN 25.4bn obtained in 2Q23. The 10.2% depreciation of the peso against the dollar during 2Q:24 had a negative impact, resulting in an exchange loss of MXN 159.7bn in the quarter, in contrast to an appreciation of the peso against the dollar of 14.6% recorded in 2Q:23, which implied an exchange gain in that period of MXN 105.4 bn.

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