[Vision2020] Error: Petroleum Intelligence Weekly: Pemex Below Exxon & Chevron, etc.

Tbertruss at aol.com Tbertruss at aol.com
Sat Aug 27 20:48:16 PDT 2005


Phil et. al.

The post today subject headed as above contains a significant error.

The statement below from this web site should read "...as sales rose to 221.3 
billion pesos ($20.5 billion),...."  not ($20.5 million)

http://www.latinpetroleum.com/article_4444.shtml

This is the exact quote below from this web site, but they made the error, 
which I discovered, as it is simple math that 221.3 billion pesos is not equal 
to $20.5 million dollars but rather $20.5 billion.

"Pemex, 100 percent state owned and the government's main cash cow, reported 
a quarterly net profit of 1.9 billion pesos ($200 million) on Tuesday as sales 
rose to 221.3 billion pesos ($20.5 million), up 14 percent on the year."

Ted Moffett
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