In the third quarter of 2025, Pemex faced a net loss of 61.25 billion pesos and a debt exceeding 100 billion dollars, highlighting its ongoing financial struggles. Despite receiving 41 billion dollars in government assistance, the company has not been able to stabilize its production levels, which continue to decline, leading to overarching concerns about its financial viability and the implications of these losses for the Mexican state, which also reported net losses for 2025.

By December 2025, Pemex and its subsidiaries had a substantial workforce of 157,370 employees, with a monthly payroll amounting to approximately 9.45 billion pesos, as reported by the Transparency Payroll portal managed by the Anti-Corruption and Good Governance Secretariat. This underscores the scale of Pemex's operations as one of Mexico's largest employers, which attracts scrutiny regarding its financial management and workforce compensation.

The article also addresses the rampant issue of "huachicol," or fuel theft, which has become normalized through various means, including the involvement of cartels and corrupt officials. The mention of pipelines and ports being exploited illustrates the significant security and governance challenges that Pemex faces, potentially exacerbating its financial crises and further complicating the president's narrative around oil exports, such as deliveries to Cuba as part of a humanitarian agenda.