Pemex Halves Supplier Debt, Strengthening Fiscal Discipline Before Earnings

Mexico’s state oil company Pemex announced that supplier liabilities have been reduced by 50% under the current administration, improving cash flow and procurement reliability ahead of its quarterly results. The company credited tighter cost controls and enhanced payment schedules for restoring contractor confidence. Analysts said the debt cut could enhance Pemex’s access to credit markets and ease sovereign-rating concerns. The move aligns with the government’s strategy to stabilize state-owned enterprises while maintaining steady investment in refining and exploration projects.