Pemex Reports Loss Despite $41 Billion in Government Support

Petroleos Mexicanos swung to a loss, an early signal that President Claudia Sheinbaum’s $41 billion support package may not be enough to turn around the debt-burdened oil giant.

By Scott Squires · Bloomberg Markets

Petroleos Mexicanos swung to a loss, an early signal that President Claudia Sheinbaum’s $41 billion support package may not be enough to turn around the debt-burdened oil giant.