PEMEX (Petróleos Mexicanos)

PEMEX, or Petróleos Mexicanos, is Mexico's state-owned oil company, established in 1938. It is one of the largest oil producers in the world and plays a crucial role in the Mexican economy. PEMEX explores, produces, and refines oil and gas, and its revenues significantly contribute to the government's budget. The company operates various facilities and has a complex history, facing challenges like fluctuating oil prices, energy reforms, and environmental issues. Despite these challenges, PEMEX remains a key player in the global energy market and is integral to Mexico's energy strategy and economic development.