Mexican Petroleum (Petroleos Mexicanos - Pemex)

Pemex, or Petróleos Mexicanos, is Mexico’s state-owned oil company, responsible for exploring, extracting, refining, and selling oil and natural gas. As a major player in Mexico's economy, it manages significant energy resources and contributes to national revenue. Founded in 1938, Pemex operates large oil fields and refineries, playing a key role in Mexico’s energy sector. It faces challenges like aging infrastructure, market fluctuations, and competition but remains vital for Mexico’s energy independence and economic stability.