What is Carlos Slim's planned investment amount for this year, and will he pursue new partnerships with Pemex?

Carlos Slim is planning to invest around $5 billion this year and explicitly stated he will not seek new ventures or partnerships with Petroleos Mexicanos (Pemex).

Why did Carlos Slim call the ultra-deepwater Lakach field drilling project 'irrational', and what does this signal about his current energy strategy?

Slim called attempts to drill for natural gas in the ultra-deepwater Lakach field 'irrational', signaling a strategic retreat from high-risk, capital-intensive offshore projects — a sharp reversal from his recent expansion in Mexico’s oil and gas sector through stakes in Talos Energy, PBF Energy, offshore fields, and prior partnerships with Pemex.

Slim to Invest $5 Billion This Year, Won't Seek New Pemex Bets

May 26, 2026

Mexican billionaire Carlos Slim plans to invest $5 billion this year while avoiding new ventures with state oil company Pemex. Despite his existing energy portfolio, he labeled ultra-deepwater drilling attempts as irrational during his annual press briefing.

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Slim to Invest $5 Billion This Year, Won't Seek New Pemex Bets

Slim to Invest $5 Billion This Year, Won't Seek New Pemex Bets

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