Petróleos Mexicanos (Pemex) reported revenue of 510.4 billion pesos in the second quarter of 2026, 30.3% more than a year earlier, according to Energía Hoy. The figure is equivalent to approximately 29,200 million dollars, according to BNamericas, driven by higher fuel sales and elevated crude prices.

The report arrives against a backdrop of volatility in international crude prices, which conditions revenue for Pemex, the state productive enterprise that supplies Mexico's fuel market. The Mexican export crude blend averaged above 89 dollars per barrel during the quarter, compared with 61 dollars a year earlier, according to BNamericas. In exploration and production, average output was 2,447 thousand barrels of crude equivalent per day, 4.6% more than a year before, driven by fields including Ixachi and Maloob. Refinery throughput rose 2.9%, to 1,008 thousand barrels per day, and domestic petroleum product sales grew 9.8%, to 1,471 thousand barrels per day, with gains of 11.4% in gasoline and 19.1% in diesel, according to the company's report.

The report brings together three financial movements that are best read in conjunction. Revenue reached its highest level in 14 quarters, and operating income came to 85.5 billion pesos, reversing the operating loss posted in the same period of 2025. Net income, by contrast, stood at 18 billion pesos, 69.7% below the 59,516 million pesos recorded a year earlier, according to El Universal; BNamericas attributes the decline to higher taxes and currency effects from peso appreciation. At the same time, financial debt fell 9.1% from year-end 2025, to 77.5 billion dollars.

The company noted that this performance strengthens fuel supply and that it maintained its zero net-debt target, while also signing an agreement with the National Institute of Ecology and Climate Change for environmental initiatives. The next quarterly report will show whether operating income can be sustained in an environment of continued international price volatility.

This article was written with artificial intelligence assistance from verified sources and reviewed by a human editor before publication.