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Pemex is the Mexican state-owned petroleum corporation managed and operated by the Mexican government. It was formed in 1938 by nationalization and expropriation of all private oil companies in Mexico at the time of its formation, making PEMEX an enduring symbol of Mexican nationalism. Pemex had total assets worth $101.8 billion in December 2019 and as of 2009 was Latin America's second largest enterprise by annual revenue, surpassed only by Petrobras. The company is the seventh most polluting in the world according to The Guardian. The Pemex operation covers Sustainability. Its headquarters and primary operations are based in Mexico City. Petroleos Mexicanos — Mexico's national oil company and one of the world's largest. Pemex's production decline and debt burden are Mexico's greatest economic challenge — and its potential energy reform is closely watched globally. Profile compiled from public sources including Wikipedia's article on Pemex (accessed July 2026).
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