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Global 500

Susana Gonzalez — Bloomberg via Getty Images

98

Pemex

Mexico

Mexico’s oil giant tumbled 51 spots on the Global 500 as production continued to decline, global crude prices tumbled, and the company’s 2015 revenues dropped 38% to $73.5 billion. Pemex also recorded its biggest ever loss of $45 billion last year. The company’s new CEO José Antonio González Anaya took helm in February and is charged with turning the company around, but a reduced taxes and a $4.2 billion bailout from the Mexican government in April 2016 are a drop in the bucket–the company will also have to cut $5.8 billion in costs this year.

CEO

José Antonio González Anaya

Sector

Energy

Industry

Mining, Crude-Oil Production

HQ Location

Mexico City, Mexico

Employees

130,447

Years on Global 500 List

22

Figures prepared in accordance with International Accounting Standards. Government owned 50% or more.
Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$73,514-38.3%
Profits ($M)$-44,904
Assets ($M)$102,830
Total Stockholder Equity ($M)$-77,133
Profit Ratios
Profit as % of Revenues-61.1%
Profits as % of Assets-43.7%
Profits as % of Stockholder Equity-