Petróleos Mexicanos
Petróleos Mexicanos, commonly known as Pemex, is a state-owned petroleum company headquartered in the United States, with significant operations across Mexico and various international markets. Founded in 1938, Pemex has established itself as a key player in the oil and gas industry, focusing on exploration, production, refining, and distribution of hydrocarbons. The company is renowned for its extensive portfolio of services, including crude oil extraction and natural gas processing, which are vital to Mexico's economy. Pemex's unique position as a national oil company allows it to leverage vast resources and expertise, making it a formidable entity in the global energy sector. With a commitment to innovation and sustainability, Pemex continues to achieve notable milestones, solidifying its market position as one of the largest oil producers in Latin America.
DitchCarbon Score
How does Petróleos Mexicanos's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Other Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Petróleos Mexicanos's score of 60 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Petróleos Mexicanos's reported carbon emissions
In 2023, Petróleos Mexicanos (Pemex) reported carbon emissions of approximately 61,000,000,000 kg CO2e for Scope 1, 1,979,000,000 kg CO2e for Scope 2, and 665,000,000 kg CO2e for Scope 3. This reflects a commitment to transparency in emissions reporting, although specific reduction targets have not been disclosed. Over the years, Pemex has shown fluctuations in emissions, with Scope 1 emissions peaking at about 71,100,000,000 kg CO2e in 2021. The company has also reported Scope 2 emissions of approximately 1,750,000,000 kg CO2e in the same year. Notably, in 2020, Scope 1 emissions reached about 65,800,000,000 kg CO2e, indicating a significant operational footprint. Pemex has not established specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other frameworks, which may limit its ability to align with global climate goals. The absence of defined reduction strategies suggests a need for enhanced climate commitments to effectively address its carbon emissions and contribute to broader climate action efforts.
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| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 56.8 | 00.0 | 00.0 | 00.0 | 00.0 | 00.0 | 00 | 00.0 | 00.0 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | - | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | 000.00 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Petróleos Mexicanos is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
