Pemex Posts Nearly $18 Bln Q4 Loss
Pemex CEO Carlos Alberto Treviño Medina (Photo: Petróleos Mexicanos)
Mexican state-owned oil company Pemex made a 352.3 billion ($17.9 bln) peso loss in the fourth quarter of 2017, the company reported on Monday, blaming a volatile exchange rate and higher financing costs for its performance.
Revenue at the company officially known as Petroleos Mexicanos during the October-December period was 402.5 billion pesos ($20.5 bln), according to a filing to the Mexican stock exchange.
($1 = 19.6595 pesos on Dec. 29)
(Reporting by David Alire Garcia; Editing by Frank Jack Daniel)
