Pemex Expects to Save $184M in 2025 Via Corporate Restructuring

Mexico’s state oil company Petroleos Mexicanos expects to save over 3.53 billion pesos (about $184m) this year through a corporate restructuring initiative, according to a company statement.

• Initiative will also save an estimated 1.27b pesos in 2026, according to the statement
• The initiative was approved by Pemex’s board on May 22
• Reorganization push will “strengthen the value chain, eliminate duplicate roles, redirect resources toward operational activities and optimize public spending”
• Structural adjustment to focus on reducing payroll in administrative roles
  • Estimated layoffs represent less than 1.4% of tenured positions
  • Pemex has implemented a “controlled income scheme” to limit new ...