Tag Archives: losses

Pemex’s Oil-Refining Operations Lose Millions of Pesos per Hour

By KELIN DILLON As Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) continues to bet big on its crude oil refining future through its controversial under-construction Dos Bocas refinery and its official acquisition of the Texan Deer Park refinery at the beginning of 2022, Pemex has seemed to have dealt itself a losing hand. According to new data, Pemex’s refining operations

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Aeroméxico Drops $80.4 in Value Over Two Days

By KELIN DILLON Mexico’s flag carrier airline, Aeroméxico, experienced massive losses at the end of last week, losing more than $80.4 million in value over the course of two days and dropping stock prices to 1.66 pesos per share, the airline’s lowest share price in history. While having a $118.6 million market share as of Wednesday, Dec. 15, Aeroméxico lost

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