How much financial support is Mexico allocating to Pemex in the 2027 budget, and how does that compare to the 2026 allocation?

Mexico is allocating 81.1 billion pesos ($4.8 billion) in financial support to Pemex for debt payments in the 2027 budget, a reduction of nearly 70% from the 263.5 billion pesos budgeted for 2026. This sharp cut follows last year’s $14 billion in capital injections for debt payments and a separate $10 billion bond buyback operation completed this year to manage upcoming maturities.

What financial outcome does the Mexican government project for Pemex in 2027, according to President Sheinbaum’s budget plan?

According to President Claudia Sheinbaum’s 2027 budget plan submitted to Congress, the government expects Pemex to achieve a financial surplus of 95.1 billion pesos ($5.6 billion), despite drastically reduced state aid and facing approximately $5 billion in debt payments due next year, as stated in the company’s latest earnings presentation.

Mexico Slashes Pemex Aid by 70% to $4.8 Billion in New Budget

Sep 8, 2026

Mexico’s government plans to cut financial support for state-owned oil giant Pemex by nearly 70% to $4.8 billion in its 2027 budget, aiming for a $5.6 billion surplus despite ongoing challenges like declining crude production.

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