Pemex Achieves Debt Reduction Despite Economic Challenges

Mexican state-owned oil company Pemex reduced its financial debt to $84.5 billion by the end of 2025, marking a fifth consecutive year of debt reduction. CEO Victor Rodriguez Padilla announced the figures, highlighting a decrease from $97.6 billion at the end of 2024.

Mexico's state-owned oil firm Pemex achieved a significant milestone by reducing its financial debt to $84.5 billion as of 2025, according to the company's CEO, Victor Rodriguez Padilla.

The announcement was made during a daily press conference hosted by Mexico's president, Claudia Sheinbaum, where Rodriguez emphasized the progress from the end of 2024 when the debt stood at $97.6 billion.

2025 marks the fifth consecutive year of debt reduction for the firm, reflecting strategic financial management amidst challenging economic conditions.

(With inputs from agencies.)