Mexico's Pemex reports $6 billion loss in Q3

摘要

Mexico City-Mexico's oil and gas monopoly Pemex reported a third-quarter net loss of $6 billion, down from a net loss of $200 million in the same period of last year. The quarterly loss, high even by Pemex's regular loss-making standards, was bloated by exchange losses of $3.7 billion as the Mexican peso fell sharply against the US dollar and a tax bill ate up 55% of gross income, Pemex said late October 27.