v3.25.2
Segment Financial Information - Condensed Financial Information of Segments after Elimination of Unrealized Intersegment Gain (Loss) (Detail) - MXN ($)
$ in Thousands
3 Months Ended
Jun. 13, 2025
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Sales:          
Trade   $ 395,066,244 $ 405,219,357    
Services income   523,259 679,022    
(Impairment) reversal of impairment of wells, pipelines, properties, plant and equipment, net   (5,620,328) (7,645,843)    
Cost of sales   280,954,821 322,185,373    
Gross income (loss)   109,014,354 76,067,163    
Distribution, transportation and sale expenses   4,244,691 2,495,682    
Administrative expenses   46,915,874 40,724,709    
Other revenue   12,362,124 4,249,623    
Other expenses   6,628,283 698,882    
Operating income   63,587,630 36,397,513    
Financing income [1]   4,769,152 6,539,289    
Financing cost [2]   41,401,868 34,085,757    
Derivative financial instruments income (cost), net   1,847,560 (5,718,861)    
Foreign exchange (loss) income, net $ 125,801,681 (15,057,989) 33,388,097    
Profit sharing in associates   67,301 30,897    
Welfare oil duty   55,842,382 0    
Total duties, taxes and other   1,298,336 31,868,972    
Net (loss) income   (43,328,932) 4,682,206    
Total current assets   520,537,474   $ 439,554,720  
Total non-current assets   1,725,321,893   1,769,197,863  
Total current liabilities   1,243,145,848   1,207,523,381  
Total long-term liabilities   3,044,106,790   2,985,004,938  
Total equity (deficit)   (2,041,393,271) (1,577,048,748) (1,983,775,736) $ (1,652,978,810)
Depreciation and amortization of wells, pipelines, properties, plant and equipment   35,904,020 32,880,697    
Depreciation of rights of use   1,379,103 1,419,646    
Net periodic cost of employee benefits   37,794,798 35,199,126    
Interest income   3,200,395 3,788,264    
Interest cost   38,384,785 32,150,751    
Intersegment eliminations          
Sales:          
Intersegment   (367,345,859) (403,912,544)    
Cost of sales   (356,780,286) (387,600,926)    
Gross income (loss)   (10,565,573) (16,311,618)    
Distribution, transportation and sale expenses   (1,637,564) (1,516,001)    
Administrative expenses   (8,883,073) (14,715,083)    
Other expenses     (93,095)    
Operating income   13,778 12,561    
Financing income   (93,111,235) (87,332,895)    
Financing cost   (93,097,454) (87,320,334)    
Profit sharing in associates   17,911,377 (2,697,529)    
Net (loss) income   17,911,374 (2,697,529)    
Total current assets   (4,992,845,775)   (3,675,846,301)  
Total non-current assets   51,855,487   (450,532,299)  
Total current liabilities   (4,992,759,965)   (3,675,760,337)  
Total long-term liabilities   (1,419,252,461)   (1,458,503,067)  
Total equity (deficit)   1,471,022,138   1,007,884,804  
Eliminations And Reconciling Items          
Sales:          
Other expenses   (58,714)      
Exploration and Production          
Sales:          
Trade   71,841,444 87,259,330    
Intersegment   107,158,122 132,036,850    
Services income   7,432 6,136    
(Impairment) reversal of impairment of wells, pipelines, properties, plant and equipment, net   (9,028,380) (7,529,638)    
Cost of sales   83,166,676 126,715,893    
Gross income (loss)   86,811,942 85,056,785    
Distribution, transportation and sale expenses   56,651 154,330    
Administrative expenses   13,536,899 14,913,743    
Other revenue   9,544,791 1,161,805    
Other expenses   (23,046,307) 293,119    
Operating income   105,809,490 70,857,398    
Financing income   18,983,162 18,957,683    
Financing cost   51,637,201 57,168,336    
Derivative financial instruments income (cost), net   25,334,437 (13,840,638)    
Foreign exchange (loss) income, net   (11,405,039) 19,705,014    
Profit sharing in associates     (11,682)    
Welfare oil duty   55,842,382      
Total duties, taxes and other     31,744,815    
Net (loss) income   31,242,467 6,754,624    
Total current assets   1,116,220,131   1,122,872,816  
Total non-current assets   903,292,031   938,768,113  
Total current liabilities   648,676,789   696,209,532  
Total long-term liabilities   1,934,169,786   1,934,280,036  
Total equity (deficit)   (563,334,413)   (568,848,639)  
Depreciation and amortization of wells, pipelines, properties, plant and equipment   31,037,268 26,980,687    
Depreciation of rights of use   75,629 80,870    
Net periodic cost of employee benefits   10,712,328 9,887,798    
Interest income   43,762 41,254    
Interest cost   (1,429,830) (1,620,529)    
Industrial Transformation          
Sales:          
Trade   148,283,108 158,443,854    
Intersegment   87,822,288 92,936,478    
Services income   22,449 46,997    
(Impairment) reversal of impairment of wells, pipelines, properties, plant and equipment, net   3,408,052 55,625    
Cost of sales   239,285,793 277,387,615    
Gross income (loss)   250,104 (25,904,661)    
Distribution, transportation and sale expenses   5,743,057 3,739,994    
Administrative expenses   13,104,341 14,008,418    
Other revenue   1,245,547 1,971,551    
Other expenses   36,422,199 377,794    
Operating income   (53,773,946) (42,059,316)    
Financing income   108,218 429,665    
Financing cost   21,894,378 8,470,830    
Derivative financial instruments income (cost), net   57,838 22,423    
Foreign exchange (loss) income, net   (4,011,329) 18,820,550    
Profit sharing in associates     (622,954)    
Net (loss) income   (79,513,597) (31,880,462)    
Total current assets   159,476,585   225,147,273  
Total non-current assets   221,092,963   590,508,074  
Total current liabilities   1,746,501,091   1,728,102,735  
Total long-term liabilities   617,301,417   575,378,552  
Total equity (deficit)   (1,983,232,960)   (1,487,825,940)  
Depreciation and amortization of wells, pipelines, properties, plant and equipment   1,758,854 2,920,844    
Depreciation of rights of use   931,201 760,813    
Net periodic cost of employee benefits   14,958,362 14,124,150    
Interest income   99,296 241,653    
Interest cost   920,686 742,731    
Logistics          
Sales:          
Intersegment   27,763,578 25,697,326    
Services income   123,959 122,305    
(Impairment) reversal of impairment of wells, pipelines, properties, plant and equipment, net     (171,830)    
Cost of sales   17,766,899 20,842,700    
Gross income (loss)   10,120,638 4,805,101    
Distribution, transportation and sale expenses   3,584 81,050    
Administrative expenses   3,544,257 4,514,907    
Other revenue   317,974 140,427    
Other expenses   1,116,108 27,322    
Operating income   5,774,663 322,249    
Financing income   3,467,598 4,924,388    
Financing cost   77,061 74,558    
Foreign exchange (loss) income, net   (138,764) 37,250    
Profit sharing in associates     5    
Total duties, taxes and other     670,042    
Net (loss) income   9,026,436 4,539,292    
Total current assets   273,323,690   294,804,303  
Total non-current assets   126,638,802   127,928,147  
Total current liabilities   51,943,981   86,307,404  
Total long-term liabilities   81,819,193   71,857,552  
Total equity (deficit)   266,199,318   264,567,494  
Depreciation and amortization of wells, pipelines, properties, plant and equipment   1,454,373 1,650,926    
Depreciation of rights of use   85,413 83,347    
Net periodic cost of employee benefits   2,508,616 2,399,715    
Interest income   3,515 3,805    
Interest cost   77,061 74,558    
DPRLP          
Sales:          
Trade   42,145,591 39,287,572    
Intersegment   6,071,329 6,396,083    
Cost of sales   47,260,970 41,735,928    
Gross income (loss)   955,950 3,947,727    
Administrative expenses   401,058 385,698    
Other revenue   (211,739) 3,415    
Operating income   343,153 3,565,444    
Financing income   217,230 250,201    
Financing cost   36,872 34,439    
Derivative financial instruments income (cost), net     42,068    
Total duties, taxes and other   2,003 33,722    
Net (loss) income   521,508 3,789,552    
Total current assets   36,533,980   32,870,141  
Total non-current assets   34,599,432   34,744,185  
Total current liabilities   10,684,336   7,891,750  
Total long-term liabilities   1,987,484   1,950,666  
Total equity (deficit)   58,461,592   57,771,910  
Depreciation and amortization of wells, pipelines, properties, plant and equipment   821,473 539,928    
Depreciation of rights of use   169,022 137,331    
Interest income   70,018 88,124    
Interest cost   36,872 34,439    
Trading Companies          
Sales:          
Trade   128,280,418 111,617,924    
Intersegment   115,875,241 119,735,847    
Services income   363,556 496,324    
Cost of sales   235,151,436 226,556,362    
Gross income (loss)   9,367,779 5,293,733    
Distribution, transportation and sale expenses   14,690 25,740    
Administrative expenses   694,330 713,603    
Other revenue   256,639 134,420    
Other expenses   3,017 13,566    
Operating income   8,912,381 4,675,244    
Financing income   353,388 291,368    
Financing cost   1,966,117 1,870,166    
Derivative financial instruments income (cost), net   (375,055) (520,824)    
Foreign exchange (loss) income, net   (22,874) 10,792    
Profit sharing in associates   5,881,437 5,416,805    
Total duties, taxes and other   1,119,014 (57,354)    
Net (loss) income   11,664,146 8,060,573    
Total current assets   265,606,117   287,375,832  
Total non-current assets   141,311,110   130,862,284  
Total current liabilities   231,731,515   255,198,459  
Total long-term liabilities   1,705,143   1,814,052  
Total equity (deficit)   173,480,569   161,225,605  
Depreciation and amortization of wells, pipelines, properties, plant and equipment   69,999 68,143    
Depreciation of rights of use   60,767 184,209    
Net periodic cost of employee benefits   1,558 2,413    
Interest income   203,071 109,419    
Interest cost   1,473,942 1,496,038    
Corporate          
Sales:          
Intersegment   9,133,222 16,696,155    
Services income   144 210    
Cost of sales   207,313 204,209    
Gross income (loss)   8,926,053 16,492,156    
Distribution, transportation and sale expenses   26,842 (14,544)    
Administrative expenses   22,275,209 19,614,921    
Other revenue   90,866 60,378    
Other expenses   (7,814,569) 73,316    
Operating income   (5,470,563) (3,121,159)    
Financing income   74,290,389 68,478,619    
Financing cost   58,293,291 53,217,184    
Derivative financial instruments income (cost), net   (23,169,660) 8,578,110    
Foreign exchange (loss) income, net   (109,074) (4,068,914)    
Profit sharing in associates   (30,575,081) (12,493,866)    
Total duties, taxes and other     (540,495)    
Net (loss) income   (43,327,280) 4,696,101    
Total current assets   3,540,583,374   2,040,342,693  
Total non-current assets   (331,428,020)   (171,049,739)  
Total current liabilities   3,477,324,341   2,051,344,378  
Total long-term liabilities   1,772,948,273   1,801,449,926  
Total equity (deficit)   (2,041,117,260)   (1,983,501,350)  
Depreciation and amortization of wells, pipelines, properties, plant and equipment   156,887 143,031    
Depreciation of rights of use   14,869 150,632    
Net periodic cost of employee benefits   9,596,475 8,769,135    
Interest income   2,445,503 2,877,066    
Interest cost   36,848,068 30,998,309    
Other Operating Subsidiary Companies          
Sales:          
Trade   4,515,683 8,610,677    
Intersegment   13,522,079 10,413,805    
Services income   5,719 7,050    
Cost of sales   14,896,020 16,343,592    
Gross income (loss)   3,147,461 2,687,940    
Distribution, transportation and sale expenses   37,431 25,113    
Administrative expenses   2,242,853 1,288,502    
Other revenue   1,118,046 777,627    
Other expenses   6,549 6,860    
Operating income   1,978,674 2,145,092    
Financing income   460,402 540,260    
Financing cost   594,402 570,578    
Foreign exchange (loss) income, net   629,091 (1,116,595)    
Profit sharing in associates   6,849,568 10,440,118    
Total duties, taxes and other   177,319 18,242    
Net (loss) income   9,146,014 11,420,055    
Total current assets   121,639,372   111,987,963  
Total non-current assets   577,960,088   567,969,098  
Total current liabilities   69,043,760   58,229,460  
Total long-term liabilities   53,427,955   56,777,221  
Total equity (deficit)   577,127,745   $ 564,950,380  
Depreciation and amortization of wells, pipelines, properties, plant and equipment   605,166 577,138    
Depreciation of rights of use   42,202 22,444    
Net periodic cost of employee benefits   17,459 15,915    
Interest income   335,230 426,943    
Interest cost   $ 457,986 $ 425,205    
[1] Includes financing income from investments and gain on discount rate of plugging of wells in 2025 and 2024.
[2] Mainly interest on debt.