February 27, 2020 / 3:57 PM / a month ago

Mexico's Pemex posts $9 bln fourth quarter loss

MEXICO CITY, Feb 27 (Reuters) - Mexico’s national oil company Pemex posted a wider fourth quarter loss of 169.7 billion pesos ($8.99 billion) on Thursday, as the company struggles to reverse a 15-year streak of declining oil output.

The state-owned company reported revenue of 320 billion pesos during the October-December period, according to a statement filed with the Mexican stock exchange.

$1 = 18.8869 pesos at end-December Reporting by David Alire Garcia Editing by Dave Graham

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