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 45 is higher than 69% 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 610,000,000,000 kg CO2e for Scope 1, 1,980,000,000 kg CO2e for Scope 2, and 396,630,000,000 kg CO2e for Scope 3. This data highlights the significant carbon footprint associated with its operations, particularly in the upstream and downstream sectors. 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. This commitment aligns with the Global Methane Pledge, which Mexico signed at COP 26. In 2024, PEMEX's Scope 1 emissions intensity was reported at about 20,700 kg CO2e per barrel of oil equivalent, while in 2025, it was slightly lower at approximately 19,900 kg CO2e per barrel of oil equivalent. These figures indicate a focus on improving operational efficiency and reducing emissions intensity over time. Overall, PEMEX's climate strategy reflects a long-term vision for sustainability, with specific targets aimed at mitigating its environmental impact while navigating the complexities of the fossil fuel industry.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 48,000,000,000 | 00,000,000,000 | 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 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | 000,000,000,000 | 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 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.
