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Published on Monday, May 5, 2025

Mexico | Pemex’s oil production keeps falling

Summary

The production of liquid hydrocarbons of Pemex in the first quarter of 2025 vs. the previous quarter showed a decrement of 55.1 thousand barrels a day mainly due to a lower production of heavy and light crude oil by 63.8 thousand barrels a day.

Key points

  • Key points:
  • The production of new fields averaged around 518 thousand barrels a day of liquid hydrocarbons in the first quarter of 2025 vs. 521 thousand in the previous quarter.
  • Pemex’s export and domestic sales showed an annual change of -7.6% and 1.2% in the first quarter of 2025, respectively.

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Pemex’s oil production keeps falling

Spanish - May 5, 2025

Authors

AR
Arnulfo Rodríguez BBVA Research - Principal Economist
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