Petroleos Mexicanos (PEMEX) investor relations material

Executive summary

• Achieved strong operational and financial results in 2Q26, with increased hydrocarbon production and processing volumes, supporting Mexico's energy security and domestic supply resilience amid global market volatility.

• Sales revenue rose 30.3% year-over-year to MXN 510 billion, with operating income at MXN 85 billion and net income at MXN 18 billion.

• Signed a strategic MoU with Petrobras for technical cooperation in exploration, production, and emissions reduction, enhancing long-term capabilities.

• Maintained focus on operational efficiency, financial discipline, and strategic partnerships to drive growth and value creation.

• Advanced financial objectives, reduced debt, and maintained operational continuity across all segments.

Financial highlights

• Revenue reached MXN 510 billion, up 30.3% year-over-year, marking the highest level in 14 quarters.

• Operating income was MXN 85 billion, reversing a prior loss; net income stood at MXN 18 billion.

• EBITDA for the quarter was MXN 144 billion, up 89.9% year-over-year, with a margin of up to 32%.

• Gross income nearly tripled to MXN 140 billion year-over-year.

• Total debt declined by up to 11.6% to about USD 77.5 billion, with short-term debt down 36% from year-end 2025.

Outlook and guidance

• Favorable legal framework supports new partnerships and capital allocation optimization.

• No additional government support expected for the remainder of 2026; budgeted resources will go to debt payments.

• Market fundamentals indicate robust refining margins through the rest of 2026.

• Commitment to net zero indebtedness and continued financial discipline.

• Continued focus on increasing hydrocarbon extraction, refinery processing, and strategic hedging to boost domestic fuel supply and mitigate market volatility.