Pemex accumulates record debt with suppliers but makes profits

The state oil company accumulates million-dollar debts while promising future payments, but it is not all bad news.

Publicado 30 julio, 2025 el 30 de julio a las 08:15 | 2 mins reading |3,423 vistas | por Carlos Méndez

Pemex and its endless debt saga: the drama that no one asked for but we all see

Ah, Pemex, that bottomless pit of financial news that always leaves us with our mouths open (and not exactly for good reasons). It turns out that the most loved and hated state company in Mexico continues to accumulate debts as if they were likes on a viral TikTok. In the second quarter of 2025, the figure reached 430,540 million pesos, 6.5% more than in the first quarter. Translation? Suppliers are more nervous than an influencer on their first live show.

To make matters worse, payments fell by almost 50% between April and June compared to the first three months of the year. In other words, Pemex went from “yes, I’ll pay you” to “wait for me a little bit” in record time. Of course, Juan Carlos Carpio Fragoso, the director of Finance, came to the rescue with a classic: “In the second semester there will be more money”. It sounds like a boyfriend’s promise that never comes, but hey, it’s something.

And the total debt? We took it there, as a personal post-pandemic project

Pemex’s financial debt closed at 1.86 trillion pesos, 9% less than the previous quarter. Miracle? No, the federal government simply put its hands in its pockets (again) to avoid collapse. Of course, to stay afloat, the oil company had to ask for 482.7 billion pesos in financing. Basically, he is living off loans like a college student during exam time.

But not everything is tragedy in this financial soap opera. Pemex reported a profit of 59,516 million pesos, a respite after the stratospheric losses of 2024. The unexpected hero? The Mexican peso, which with its strength gave the company an exchange profit of 134,685 million. Thank you, national currency, for saving us from the abyss (this time).

Of course, crude oil production fell by 8.6%, but at least the refineries (including Dos Bocas) are working. Will it be enough to compensate for the financial mess? Who knows, but in the meantime, Pemex continues to be that friend who always borrows but never stops partying.

Are you surprised by this imbalance between debts and profits? Share this note and join the debate about the future of Pemex. And if you want more economic analysis with a touch of acid humor, explore our content!

National

They sanction 13 public servants in nine agencies

13 officials from 9 agencies were sanctioned for non-serious administrative offenses.

Publicado 57 minutes ago el 26 de julio a las 20:44 | 2 mins reading

The Anti-Corruption and Good Government Secretariat reported that it applied sanctions to 13 public servants from 9 agencies for non-serious offenses. Disqualifications range from 15 days to 3 months.

Details of sanctions

The investigations were carried out through the responsibilities units at Pemex and CFE, as well as the internal control bodies at IMSS, Defense, SNDIF, ANAM, INDEP, ASIPONA Manzanillo and Salud.

In Pemex, suspension for 30 days of Marlyn C and María F for not following up on the payment of post-mortem benefits of a worker between 2022 and 2025.
In CFE, 15 days of suspension to Josué S for registering requests for electricity supply without powers in 2024.
In IMSS, Víctor C was disqualified for 3 months for omitting medical treatment for a patient, which deteriorated his health until his death in 2022.
In Defense, private reprimand to Luis C for not integrating a clinical file in accordance with official standards in 2023.
In SNDIF, Ornela G is suspended for 15 days for abuse of a minor in 2025.
In ANAM, Tomas M, Brenda P and Hernán M are suspended for 15 days for failing to check the luggage of three passengers in 2023.
In INDEP, 15 days of suspension to José A and Omar G for signing an agreement that exceeded 20% of the contractual amount in 2023.
In ASIPONA Manzanillo, two suspensions of 10 and 12 days to Edmundo C for not managing budget adjustments in 2023.
In Health, public reprimand to Ana G for providing documentation with confidential information in 2023.

Reaction of the Secretariat

The agency explained that the sanctions were imposed in accordance with the law, considering proportionality and severity. Sanctioned people can challenge.

“The Anti-Corruption and Good Government Secretariat reaffirms its commitment to eradicate corruption in public life and promote ethics, honesty, integrity and good governance,” he said.

He invited people to report conduct contrary to legality at denuncias.gob.mx.

National

Sheinbaum in Acapulco: Women’s Pension and goodbye to La Parota

President delivers cards to 70,000 Guerrero residents and cancels dam project.

Publicado 2 hours ago el 26 de julio a las 19:22 | 1 min reading

President Claudia Sheinbaum visited Acapulco, Guerrero, to lead the delivery of cards from the Pensión Mujeres Bienestar program. This scheme grants 3,100 pesos every two months to Mexican women between 60 and 64 years old.

Support for women and new works

During the event, the president stressed that the benefit recognizes the care work that women have historically carried out. Currently, almost 70 thousand people of Guerrero receive support, of which around 18 thousand reside in the port.

“When women walk together, there is nothing that stops us, we are the center of the Transformation, we are the history and future of Mexico,” stated Sheinbaum.

In terms of infrastructure, the president announced the definitive cancellation of the La Parota Dam project due to its effects on communities. Instead, wells and high tanks will be built to guarantee the supply of drinking water. Rehabilitation work will also be carried out after hurricanes Otis and John.

Sheinbaum reiterated his administration’s commitment to women and the sustainable development of Guerrero, prioritizing solutions that do not harm the social or natural environment.

National

They urge SEP to strengthen actions against bullying

28.5% of adolescents suffered bullying; They urge SEP to reinforce protection protocols.

Publicado 2 hours ago el 26 de julio a las 18:44 | 2 mins reading

The Second Commission of the Permanent Congress approved an opinion that urges the Ministry of Public Education (SEP) and the educational authorities of the 32 entities to reinforce strategies for preventing bullying and school violence. The request is part of the “Safe School Environments” program.

According to the National Discrimination Survey (ENADIS) 2022, carried out by Inegi, Conapred and the CNDH, around 28.5% of people between 12 and 17 years old have experienced some form of harassment or mistreatment at their school. The National Educational System serves more than 34 million students in 258 thousand basic, upper secondary and higher education schools.

The “Safe School Environments” strategy promotes co-responsibility between authorities, families and school communities to prevent risks and promote a culture of peace. The opinion highlights that this mechanism articulates guidelines, protocols and actions to guarantee safe, healthy and inclusive spaces, without restricting fundamental rights.

The legislators considered it necessary to maintain permanent prevention and care actions. The exhortation seeks to ensure that educational centers are environments free of harassment, with full respect for human rights and the best interests of children.