Pemex in the New Environment—Will the Company be able to Rise Again?
- DOI
- 10.2991/aebmr.k.200312.220How to use a DOI?
- Abstract
This article elaborate on the issue of the ability of the Mexican national oil company - Pemex - undergoing a crisis to continue competing in the rapidly changing global hydrocarbons market. To do that, the article describes three spheres of significant changes: pricing, development and introduction of new technologies and change of location of the main sales markets, as well as peculiarities of national oil companies hindering their adaptation to new external conditions. After that, the authors analyzed parameters of Pemex as related to these peculiarities. In some cases, parameters of Pemex are compared to ExxonMobil and PetroBras for better understanding. The study demonstrated that Pemex does not have competitive advantages in any of the aforementioned spheres. The identified facts allowed concluding that Pemex is not capable of continuing to effectively compete.
- Copyright
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - M V Kramskoy PY - 2020 DA - 2020/03/17 TI - Pemex in the New Environment—Will the Company be able to Rise Again? BT - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020) PB - Atlantis Press SP - 1609 EP - 1618 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.200312.220 DO - 10.2991/aebmr.k.200312.220 ID - Kramskoy2020 ER -