Mexican state oil company Pemex swings to loss in first quarter

Petroleos Mexicanos swung to a 35.7 billion peso ($1.84 billion) net loss during the first quarter as revenues and crude output at the heavily-indebted Mexican state oil company fell, results posted to the stock exchange showed on Tuesday.

Revenues at Pemex were 356.3 billion pesos during the January-March period, down 10.4 percent from 397.4 billion pesos in the same period in 2018, the results showed.

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