Pemex reports 155% increase in asset deterioration costs for Q1 2026

Petróleos Mexicanos (Pemex) recorded a 14.32 billion peso charge for asset deterioration in Q1 2026, up from 5.62 billion in the same period last year. The sharp increase highlights accelerating degradation of critical infrastructure, including wells and refineries, raising concerns regarding the state-owned firm's operational sustainability and capital expenditure requirements.