Mexico’s Oil Giant Pemex Posts Rare Profit for Q2

Petroleos Mexicanos, Mexico’s state oil giant and the world’s most indebted energy firm, reported on Tuesday its first quarterly profit in a year, thanks to the rising Mexican currency.   Petroleos Mexicanos, or Pemex as it is known, booked a net profit of $3.16 billion (59.52 billion Mexican pesos) for the second quarter of 2025, for the first quarterly profit in over a year.   The losses for 2024 amounted to about $30 billion, with the fourth-quarter loss alone at just over $9 billion. Crude and condensate production…