Petróleos Mexicanos Sustainability Profile
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 48 is higher than 70% 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 2023, Petróleos Mexicanos (PEMEX) reported total greenhouse gas emissions of approximately 459.6 billion kg CO2e, comprising 61 billion kg CO2e from Scope 1, 1.98 billion kg CO2e from Scope 2, and 396.6 billion kg CO2e from Scope 3 emissions. In the United States, PEMEX's emissions for the same year were approximately 3.2 billion kg CO2e, all from Scope 1. PEMEX has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions for both Scope 1 and Scope 2 by 2050. Additionally, the company has pledged to achieve a 30% reduction in methane emissions by 2030, compared to 2020 levels. These targets reflect PEMEX's commitment to align with global climate initiatives, including the Global Methane Pledge. The company has made significant strides in reducing its emissions intensity, achieving a 43.6% reduction in emissions intensity for oil and gas exploration and production processes from 2016 to 2017. This commitment to sustainability is further detailed in their sustainability reports and plans, which outline their long-term strategies for emissions reduction and environmental responsibility.
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| 2014 | 2015 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 55,600,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | 000,000,000,000 | 000,000,000,000 |
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Petróleos Mexicanos's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Petróleos Mexicanos has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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