4th largest producer in the Americas

United States (No.1), Canada (No.2), Brazil (No.3)

Largest trading partner: United States

781,000 bbl/day 11% of crude oil exported to U.S.

Petroleós Mexicanos (PEMEX) Mexico’s largest oil company

11% of Mexico’s export earnings in 2014 from oil & gas

1/3 total government spending aided by oil industry

Total energy consumption (2014)

45% - Petroleum and other liquids

40% - Natural gas

8% - Coal

4% - Hydroelectric

2% - Non-hydro renewables

1% - Nuclear

Crude oil production decline Down 27% from peak in 2004

Organization history

Industry regulated by the Secretaría de Energía (SENER)

1938:

Nationalized oil sector, PEMEX created as sole oil operator

2013:

Constitutional reforms end PEMEX monopoly

2015:

Auction offers 14 offshore blocks for exploration and production to private investors

Credit: eyegelb | Thinkstock.com