Pemex reports 1.76 million barrels per day and a 1.8 trillion peso plan

Petróleos Mexicanos (Pemex) reported on October 21, 2026 a production of 1.76 million barrels per day, close to its 1.8 million target, and a planned investment of more than 1.8 trillion pesos for 2025–2030 financed with its own resources, according to the presentation by its director general, Juan Carlos Carpio Fragoso, at the Palacio Nacional conference.

The figures accompanying the balance include 4,916 million cubic feet per day of natural gas, 7.5% more than in 2024, and refining of 1.11 million barrels per day, compared with 612 thousand in 2018, according to Energía a Debate. Output of gasoline, diesel and jet fuel exceeds one million barrels per day, 186% more than in 2018, according to Excélsior.

The plan's allocation places 1.463 trillion pesos in exploration and extraction, 79% of the total, followed by 185,559 million in refining, more than 104 billion in logistics and 71,038 million in petrochemicals and fertilizers. Carpio Fragoso said the investment contemplates only the company's own resources. On the financial front, Energía a Debate reports financial debt of 77,500 million dollars in June 2026, compared with 97,600 million two years earlier.

For the region, the volume of natural gas and the production level set benchmarks for cross-border trade: Pemex is a structural buyer of Permian gas and its crude shipments feed refineries on the U.S. Gulf Coast, so a stable level of extraction and processing affects flows to the north.

The next data point to watch is the monthly figures on production by field and on foreign trade that Pemex publishes, along with progress on the multiyear investment program, whose amounts by category were fixed in the October 21 presentation.

This article was written with the assistance of artificial intelligence from verified sources and reviewed by a human editor before publication.