We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.
$50 for your first 3 months Get the print edition and steer from crisis to recovery
Add this topic to your myFT Digest for news straight to your inbox
Plus: API lays down battle lines against Biden, McKinsey’s gloomy climate outlook and fossil fuels coming rebound
World’s most indebted oil company can no longer delay wholesale reform
Debt-laden state oil group faces struggle to achieve president’s aim of becoming a growth engine
President’s pet project holds line on output growth despite oil crisis and mammoth losses
Downgrade will trigger bond sales and raise financing costs for Mexico’s indebted oil company
Possible move by state-owned energy group would mark a U-turn for López Obrador
Foreign energy companies accuse Pemex of trying to seize control of lucrative Zama field
The state energy company is battling to stave off another downgrade to its junk-rated debt
Guests were served a form with a suggested donation to the National Lottery
Emilio Lozoya is the highest-profile figure to be charged in López Obrador’s anti-graft drive
State-owned oil group faces risk of further rating downgrades and grapples with output woes
Uncertainty over the president’s policies is causing investors to hold back
Company’s chief financial officer says that stabilising production is a top priority
Fund urges speeding up of tax reforms and private sector involvement in oil industry
President wants to abandon ‘neoliberalism’ but critics say his plans for Pemex are flawed
Attractive pricing draws investor support for debt-laden state oil company
Analysts fear $5bn injection into state oil company could erode state accounts
Company launches debt management swap of an expected $15bn to avoid downgrade
President López Obrador moves to backtrack over fierce opposition to energy reforms for Pemex
Mexican government’s rescue plan for debt-laden state oil group underwhelms
Raising accountability today is a must for governments hoping to avoid bailouts tomorrow
Investors are right to be sceptical of government’s plans to restore oil group’s fortunes
Tax breaks and fresh funds will buy time, but few believe it can stave off a downgrade
International Edition