Following 2 years of net losses, Pemex is projected to post oil revenue in 2027
According to an analysis of the proposed 2027 budget by the think tank México Evalúa, the government is projected to earn net oil revenue of 127 billion pesos (US $7.1 billion) next year. The post Following 2 years of net losses, Pemex is projected to post oil revenue in 2027 appeared first on Mexico News Daily
For the first time since 2024, Mexico's federal government anticipates earning net oil revenue in 2027, despite ongoing financial backing for state-owned oil company Pemex. According to Mexico Evalúa, a think tank, the government is expected to generate net oil revenue of 127 billion pesos (US $7.1 billion) in the upcoming year.
This projection is based on an estimated 211 billion pesos in 2027 oil revenue, minus 84 billion pesos in planned government transfers to Pemex. Data from Mexico Evalúa shows that government transfers to Pemex have consistently surpassed total oil revenue in recent years, leading to net losses for the federal government in both 2025 and 2026.
However, a projected decline in support for Pemex in 2027, down nearly 70% from the 2026 budgeted allocation, could potentially alter this trend and result in the federal government earning net oil revenue in 2027.
Written by urgent.news from Mexico News Daily's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
