April 30, 2020 / 3:07 PM / a month ago

Mexico's Pemex posts massive $23.6 bln first quarter loss

MEXICO CITY, April 30 (Reuters) - Mexican state oil company Petroleos Mexicanos (Pemex) on Thursday said it had posted a $23.6 billion (562.13 billion peso) loss in the first quarter as oil prices and demand crashed during the coronavirus pandemic.

$1 = 23.7980 pesos at end-March Reporting by David Alire Garcia and Ana Isabel Martinez

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