About: http://data.cimple.eu/news-article/b0468d56bd81b8fbabf9658d7d5d4be91e37fed0fb0124c752954422

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About: http://data.cimple.eu/news-article/b0468d56bd81b8fbabf9658d7d5d4be91e37fed0fb0124c752954422 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Mexican state energy giant Pemex on Friday reported a loss of around $23 billion in 2020 as it grappled with a slump in oil demand caused by the coronavirus pandemic. The company said it had faced "the worst crisis in its history" last year due to the health crisis sweeping the planet. It blamed "the unprecedented combination of low prices for crude oil and petroleum products" and "a steep fall in fuel consumption that eroded the cash flows of all oil companies." Pemex announced an annual loss of 481.0 billion pesos, an increase of 38 percent compared with 2019, despite returning to profit in the second half of the year. For the fourth quarter of 2020, the group posted a profit of 124.2 billion pesos ($5.9 billion), compared with a loss of 171.5 billion pesos in the same period of the previous year. Pemex, which returned to the black in the three months to September, said it was the first time in more than four years that it had posted two consecutive quarterly profits. Leftist President Andres Manuel Lopez Obrador has sought to help the firm regain its footing with a series of cash injections and other measures following years of declining production. jg/dr/ft
schema:headline	Mexican state oil firm Pemex reports $23 bn loss in 2020
schema:mentions	Pemex World energy consumption Petroleum Mexican peso Planet Andrés Manuel López Obrador Mexico Pandemic President of the United States Coronavirus disease 2019
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-02-26 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	68 (xsd:integer)

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