During the year earlier period, Pemex posted a loss of 62 billion pesos. As a result, export revenue during the quarter grew a whopping 86 percent despite the fact that crude export volumes dipped nearly 4 percent. The reform ended the decades-long production monopoly enjoyed by Pemex, and led to the first-ever competitive oil auctions and joint venture partnerships. Pemex hit peak crude production in 2004 with 3.4 million barrels per day (bpd), but since then the limping giant has seen output drop by more than 1.3 million bpd. First-quarter crude production stood at 2.018 million barrels per day (bpd), down 9.5 percent from average output of 2.23 million bpd during the January-March period last year.
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Analysts on average had expected total ad revenue of $7.68 billion, according to financial data and analytics firm FactSet. Facebook reported a 76.6 per cent surge in quarterly profit on Wednesday, fuelled by robust growth in its mobile ad business. Total revenue rose to $8.03 billion from $5.38 billion. Mobile ad revenue accounted for 85 per cent of the company's total advertising revenue of $7.86 billion (€7.2 billion) in the first quarter ended March 31st, compared with 82 per cent a year earlier. Messenger now has 1.2 billion users.
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collected by :Jack Luxor
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Mexican miner Grupo Mexico's net profit slips in first quarter
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Analysts on average had expected total ad revenue of $7.68 billion, according to financial data and analytics firm FactSet. Facebook reported a 76.6 per cent surge in quarterly profit on Wednesday, fuelled by robust growth in its mobile ad business. Total revenue rose to $8.03 billion from $5.38 billion. Mobile ad revenue accounted for 85 per cent of the company's total advertising revenue of $7.86 billion (€7.2 billion) in the first quarter ended March 31st, compared with 82 per cent a year earlier. Messenger now has 1.2 billion users.
read more visit us profit
collected by :Jack Luxor
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