Pemex Reports Loss Despite $41 Billion in Government Support

Pemex, Mexico's state-owned oil company, has reported a significant loss, raising concerns about the effectiveness of President Claudia Sheinbaum's $41 billion support package. This situation highlights the ongoing challenges faced by the debt-laden oil giant and suggests that even substantial government intervention may not be sufficient to stabilize its financial health. The implications of this loss could affect not only the company but also the broader Mexican economy, as Pemex plays a crucial role in national revenue.