Profitability of Petróleos Mexicanos: determinants and discussions on the public budget
Mexico’s oil market sharp fluctuations in the last decade have had a direct impact in the industry’s profitability. The current study revises the factors that influence the profitability behavior of Pemex. Likewise, a brief analysis on the effect that those factors have upon total tax receipts and t...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidad de Concepción
2018-12-01
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| Series: | RAN |
| Subjects: | |
| Online Access: | http://ran.udec.cl/ojs/index.php/ran/article/view/81/105 |
| Summary: | Mexico’s oil market sharp fluctuations in the last decade have had a direct impact in the industry’s profitability. The current study revises the factors that influence the profitability behavior of Pemex. Likewise, a brief analysis on the effect that those factors have upon total tax receipts and their possible impact on public budget calculation is also carried out. A multiple linear regression econometric model with data from 2005 to 2016 is used. The results show that the price of a crude oil barrel, the total assets and net exports have an effect on the company’s profitability. The variables identified were found to have a lesser impact on budget revenues because not many of them were considered in the adoption of 2013’s energy reform. |
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| ISSN: | 0719-7713 0719-6245 |