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Published on Tuesday, July 29, 2025 | Updated on Tuesday, July 29, 2025

Mexico | Pemex’s oil production stopped falling

Summary

The production of liquid hydrocarbons of Pemex in the second quarter of 2025 vs. the previous quarter showed an increment of 15.8 thousand barrels a day mainly due to a higher production of superlight crude oil and condensates by 22.8 thousand barrels a day.

Key points

  • Key points:
  • The production of new fields averaged around 531 thousand barrels a day of liquid hydrocarbons in the second quarter of 2025 vs. 518 thousand in the previous quarter.
  • Pemex’s export and domestic sales showed an annual change of -14.9% and 2.6% in the second quarter of 2025, respectively.

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Pemex’s oil production stopped falling

Spanish - July 29, 2025

Authors

AR
Arnulfo Rodríguez BBVA Research - Principal Economist
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