Pemex
Pemex (a portmanteau of Petróleos Mexicanos, which translates to Mexican Petroleum in English; Spanish pronunciation: [ˈpemeks]) is the Mexican state-owned petroleum company managed and operated by the Mexican government. It was formed in 1938 by nationalization and expropriation of all private oil companies in Mexico at the time of its formation. Pemex had total assets worth $101.8 billion in December 2019 and as of 2009 was Latin America's second largest enterprise by annual revenue, surpassed only by Petrobras (the Brazilian national oil company). The company is the seventh most polluting in the world according to The Guardian.
| Company type | State-owned enterprise |
|---|---|
| Industry | Oil and gas |
| Founded | June 7, 1938 |
| Founder | Lázaro Cárdenas |
| Headquarters | Mexico City, Mexico. |
Key people | Octavio Romero Oropeza (CEO) |
| Products | Fuel, natural gas and other petrochemicals |
| Revenue | US$74.394 billion (2019) |
| US$1.965 billion (2019) | |
| −US$18.462 billion (2019) | |
| Total assets | US$101.800 billion (2019) |
| Total equity | −US$105.980 billion (2019) |
| Owner | Mexican Government |
Number of employees | 124,818 (2018) |
| Website | www |
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.