Pemex will use investors to obtain financing of 31.5 billion pesos, which will be used to pay liabilities maturing in 2026.
“The amount of the placement is equivalent to up to 31,500 million pesos jointly with the PEMEX 26 and PEMEX 26-2 issues,” the company said in its request to the debt market of the Mexican Stock Exchange (BMV).
The resources derived from the placement of Stock Certificates will enter the Pemex treasury in their entirety.
At the beginning of the year, the National Banking and Securities Commission authorized the preventive registration of Pemex Stock Certificates in the placement program modality for an amount of up to 100 billion pesos.
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On July 14, 2025, the oil company’s Board of Directors approved the global financing proposal for fiscal year 2026.
Through the agreement, Pemex may contract public, internal or external debt obligations in addition to the amounts authorized therein, as long as the total equivalent net debt for the year does not exceed the amount of total net debt.
“The development of the reserves assigned to Pemex by the federal government requires significant capital investments and poses significant operational challenges,” the company detailed.
He added that the right to develop such reserves is subject to compliance with the established plans, which are prepared in accordance with the technical, financial and execution capacity of the Entity at all times.
“Pemex cannot guarantee that it will have sufficient resources or technical capacity in the expected time to explore and extract said reserves that the federal government assigned or the reserves that the federal government assigns in the future.”
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In the past, Pemex has reduced capital expenditures in response to declining oil prices.
“If Pemex cannot increase its investment expenditures, it would not have the capacity to develop the allocated reserves in accordance with the exploration and development plans.”
If Pemex does not comply with these development plans, it could lose the right to extract reserves, which could negatively affect its operating results and financial situation, according to the firm.
