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Petroleos Mexicanos (Pemex)

Petróleos Mexicanos (Pemex) is a state-owned fully integrated oil and gas company headquartered in Mexico. In 2020, it had USD 72.82 billion in revenue and a reported 125,735 employees*. Pemex has a debt larger than any oil major and has been unable to invest in new extraction technologies. Despite this, it acquired one of Shell's refineries in Texas in 2021 to reach self-sufficiency in diesel and petrol.

Ranking position
#84/100
Total score
1.4/100
Performance score
0.6/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-100)

Targets

0.0 /100 #38

Material Investment

7.6 /100 #46

Intangible Investment

0.0 /100 #20

Sold products

1.8 /100 #43

Management

5.6 /100 #79

Supplier Engagement

0.0 /100 #57

Client Engagement

0.0 /100 #53

Policy Engagement

20.0 /100 #47

Business Model

0.0 /100 #52

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

Pemex receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. With no long-term emissions reduction targets beyond 2023, the company does not show potential for a decrease in its emissions. There are no indications that Pemex has any plans or strategy for low-carbon business activities. The company appears wholly dependent on its fossil fuel operations.

Progress towards the Paris Agreement

More about the company

Headquarters
Mexico City, Mexico
Group revenue
USD 72.82 billion
Ownership structure
State owned
Number of employees
125,735
Scope of activity
Fully integrated
Website
https://www.pemex.com/