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 38 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Petróleos Mexicanos's reported carbon emissions
In 2022, Petróleos Mexicanos (PEMEX) reported significant carbon emissions, totalling approximately 69,000,000,000 kg CO2e for Scope 1, 875,000,000 kg CO2e for Scope 2, and a substantial 386,330,000,000 kg CO2e for Scope 3 emissions. The company has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions for both Scope 1 and Scope 2 by 2050. Additionally, PEMEX is committed to a 30% reduction in methane emissions by 2030, aligning with the Global Methane Pledge initiated at COP 26. For 2023, the Scope 1 emissions intensity was reported at about 21,500 kg CO2e per barrel of oil equivalent (boe), while in 2024, this figure increased slightly to approximately 20,700 kg CO2e/boe. By 2025, the intensity is projected to be around 19,900 kg CO2e/boe. These figures indicate a focus on reducing emissions intensity over time. PEMEX's initiatives include a near-term target to reduce methane emissions by 30% compared to 2020 levels by 2030, demonstrating a proactive approach to climate action. The company is also working on improving its emissions indices in crude extraction and refining processes, with reported reductions of 56.9% and 49.3% respectively from 2022 to 2023. Overall, PEMEX is actively pursuing its climate commitments while addressing its carbon footprint across various scopes of emissions.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 48,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 1,700,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 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 participating in some of the initiatives that 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.
