SUMMARY OF OPERATING STATISTICS

thousand barrels daily

Change 2003
over 2002
2003
(%)

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

Liquid hydrocarbons

3 128

3 138

3 062

3 277

3 410

3 498

3 343

3 450

3 560

3 585

3 789

5.7

Crude oil

2 673

2 685

2 617

2 858

3 022

3 070

2 906

3 012

3 127

3 177

3 371

6.1

454

453

445

419

388

428

437

438

433

408

418

2.5

3 576

3 625

3 759

4 195

4 467

4 791

4 791

4 679

4 511

4 423

4 498

1.7

3 093

3 108

3 154

3 478

3 631

3 703

3 526

3 380

3 239

3 118

3 119

0.0

483

517

605

717

837

1 087

1 265

1 299

1 272

1 305

1 379

5.7

Crude oil processing

1 295

1 333

1 267

1 267

1 242

1 283

1 228

1 227

1 252

1 245

1 286

3.2

Oil products

5.0

Production

Natural gas liquids a

Natural gas b
Associated gas
Non associated gas

1 551

1 596

1 530

1 510

1 453

1 525

1 485

1 450

1 473

1 481

1 555

LPG

254

267

257

249

215

225

232

229

233

236

246

4.2

Motor gasolines

416

428

421

415

386

410

404

392

389

398

445

11.8

Diesel

267

284

255

270

275

290

272

265

282

267

308

15.3

Fuel oil

419

420

417

418

426

446

428

423

436

450

397

-11.8

Jet fuel

72

74

70

62

56

57

58

55

57

57

60

5.1

Others

123

122

111

98

93

97

91

86

76

74

101

36.1

Petrochemicals c d

11 910

13 066

13 448

13 292

11 513

9 961

7 991

6 836

5 994

5 889

6 083

3.3

Methane derivatives

5 185

5 927

5 862

5 961

5 067

4 374

3 019

2 271

1 752

1 663

1 383

-16.9

Ethane derivatives

3 087

3 048

3 140

3 088

3 089

2 945

2 696

2 636

2 408

2 309

2 218

-3.9

Aromatics and derivatives

1 598

1 700

1 738

1 649

1 461

1 402

1 235

667

642

670

794

18.5

Propylene derivatives
Others

282

346

477

446

377

243

193

180

127

115

125

8.9

1 758

2 045

2 230

2 147

1 519

996

848

1 083

1 065

1 133

1 563

38.0

PRODUCTION OF CRUDE OIL

PRODUCTION OF NATURAL GAS

thousand barrels daily

million cubic feet daily

SUMMARY OF OPERATING STATISTICS (CONTINUED)

thousand barrels daily

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

Change 2003
over 2002
2003
(%)

Domestic sales
Oil products and
dry natural gas

1 645

1 767

1 661

1 722

1 826

1 930

1 954

2 033

2 010

2 017

2 112

4.7

LPG

249

255

255

265

278

287

312

330

325

332

327

-1.5

Motor gasolines

489

501

479

481

498

512

511

531

551

565

600

6.2

Jet fuel

43

48

44

45

47

52

55

56

55

53

54

1.8

Diesel

234

248

228

244

262

276

275

285

276

271

295

8.9

Industrial fuels

591

672

624

657

713

775

772

800

774

765

783

2.4

Fuel oil

381

453

391

411

454

489

471

492

475

406

355

-12.7

Dry natural gas e

203

214

229

241

253

280

297

305

299

359

428

19.4

Industrial gas oil

...

40

43

31

29

28

27

30

32

30

31

53

71.8

5 153

5 555

5 794

6 014

5 070

4 501

3 668

2 720

2 625

2 434

2 387

-1.9

5 153

5 555

5 794

5 853

4 979

4 450

3 584

2 519

2 323

2 199

2 115

-3.8

161

91

51

85

201

302

235

272

15.7

Net exports of liquid

hydrocarbons

1 316

1 228

1 285

1 457

1 515

1 528

1 378

1 400

1 478

1 628

1 837

Crude oil
Exports

1 337

1 307

1 305

1 544

1 721

1 741

1 553

1 652

1 710

1 715

1 860

8.4

Oil products
Exports
Imports

156
177

110
189

119
140

91
177

93
299

121
334

150
325

111
363

104
335

156
244

177
200

13.6
-18.0

Exports
Imports

5
97

19
125

21
173

36
84

43
115

40
153

25
292

4
592

757

27.8

1 324

1 559

1 226

1 123

1 062

1 010

809

1 116

780

832

809

-2.8

87

178

97

90

165

72

106

317

128

197

95

-52.0

45

88

55

108

95

-11.9

Others
Petrochemicals d
Pemex Petroqumica
Pemex Refinacin
Foreign trade

Petrochemicals d
Exports
Imports
Products under
processing agreements

a.
b.
c.
d.
e.

Includes stabilized condensates.

Million cubic feet daily.
Products of Pemex Petroqumica.
Thousand tonnes.
Fuel oil equivalent.

138
149

24
231

12.9

f. Excludes 0.2 thousand barrels daily of condensates exports.

g. Includes the purchase and resale of natural gas in United
States.

INFRAESTRUCTURE OF THE MEXICAN PETROLEUM INDUSTRY

Producing fields

340

Producing wells

4 941

Offshore platforms
Natural gas processing centers

189

20

Cryogenic plants

15

Absorption plants

NGL fractionating plants

Sulfur recovery plants

Petrochemical centers

Petrochemical plants

48

11

Gas sweetening plants

Condensate sweetening plants

Refineries

6
13

Terminals of LPG distribution

16

Wholesale centers of
petroleum products

77

INCOME STATEMENTS a
million U.S. dollars
1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

Revenues

26 632

29 503

24 938

30 789

33 850

28 856

35 592

50 061

48 891

51 256

58 237

Domestic sales

17 907

18 997

14 352

17 218

20 881

20 226

23 653

30 974

33 246

33 464

35 888

8 331

9 198

10 155

13 310

12 463

7 904

11 367

18 549

15 479

17 800

22 075

394

1 308

431

261

506

726

572

538

166

-8

274

11 593

12 265

8 986

9 541

12 706

13 499

15 963

21 078

22 880

22 441

26 747

Cost of sales

8 673

9 005

7 123

7 466

9 962

10 199

11 873

16 187

18 088

16 803

19 195

Transportation and distribution

expenses

1 091

1 209

701

642

937

1 051

1 137

1 334

1 487

1 593

1 441

Administrative expense

1 896

1 799

1 326

1 535

1 696

1 932

2 205

2 853

3 066

3 423

3 262

-67

252

-164

-102

111

317

748

704

239

622

2 849

15 039

17 238

15 952

21 248

21 144

15 357

19 629

28 983

26 011

28 815

31 490

Federal duties

8 549

9 794

11 666

16 476

15 376

9 417

12 601

23 712

18 410

19 071

26 725

Special tax on production

and services (SDPS)

5 530

6 458

2 758

2 601

4 765

7 208

9 241

7 356

10 416

12 191

8 719

-146

187

960

986

1 528

2 171

1 003

-1 268

-2 213

-2 085

-2 961

-2 447

-3 767

Export sales
Other revenues (expenses) net

Costs and operating expenses

Comprehensive financing cost b

Income before
federal duties

Initial cumulative effect of

adoption of new standard

Net operating income

a. Unaudited figures. Included the balances of Petrleos Mexicanos, subsidiary entities and principal subsidiary companies.
Until 2000, the balances are based on audit figures at current pesos.
Since 2001, the inflation effects were recognized in accordance with generally accepted accounting principles.
b. Until 2002, it refered to Financial Cost, net. Since 2001 included the net foreign exchange and gain on monetary position.

BALANCE SHEET AS OF DECEMBER 31 a

million U.S. dollars

Assets
Current

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

47 970

37 844

31 983

39 748

42 616

42 239

50 687

58 865

60 726

71 598

75 247

8 588

5 048

5 716

9 467

7 971

5 614

9 196

11 428

8 374

11 993

15 221

38 387

29 941

23 890

26 324

29 371

31 459

35 552

40 558

44 317

46 957

47 990

995

2 855

2 377

3 957

5 274

5 166

5 939

6 879

8 035

12 648

12 036

Liabilities

14 192

15 641

15 419

19 905

23 051

25 297

33 715

43 132

47 476

61 908

71 165

Short term

5 687

4 640

5 151

8 238

7 577

7 214

8 847

10 005

7 872

11 034

12 185

Long term

8 505

11 001

10 268

11 667

15 474

18 083

24 868

33 127

39 604

50 874

58 980

33 778

22 203

16 564

19 843

19 565

16 942

16 972

15 733

13 250

9 690

4 082

Certificates of contribution

7 000

4 195

2 923

2 846

1 265

1 036

1 074

1 068

8 223

7 705

7 353

Reserves

5 101

1 581

1 212

1 100

1 018

851

1 098

1 326

2 001

1 217

20 792

15 517

10 729

12 639

13 974

14 769

17 029

18 183

12 209

11 622

11 593

885

910

1 700

3 258

3 308

286

-2 229

-4 844

-9 183

-10 854

-14 864

47 970

37 844

31 983

39 748

42 616

42 239

50 687

58 865

60 726

71 598

75 247

Fixed
Others

Equity

Surplus in the restatement

of equity b
Others

Total equity and liabilities

a. Unaudited figures. Included the balances of Petrleos Mexicanos, subsidiary entities and principal subsidiary companies.
Until 2000, the balances are based on audit figures at current pesos.
Since 2001, the inflation effects were recognized in accordance with generally accepted accounting principles.
b. Until 2002, it refered to Revaluation Surplus.

10

CAPITAL EXPENDITURE BY SUBSIDIARY ENTITIES

million U.S. dollars
1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

Total

2 684

3 097

2 468

3 394

4 626

5 820

5 568

8 042

8 192

9 003

11 010

Pemex Exploracin
y Produccin a

1 651

1 751

1 504

2 387

3 292

4 333

4 457

5 555

5 986

7 731

9 589

Pemex Refinacin a

767

951

756

688

784

824

659

1 948

1 746

858

911

Pemex Gas
y Petroqumica Bsica a

120

190

115

165

417

485

329

390

312

209

316

Pemex Petroqumica

84

125

62

51

83

138

89

109

103

155

160

Pemex Corporative

63

81

31

103

50

39

34

40

45

50

35

a. Includes PIDIREGAS.

CAPITAL EXPENDITURE
million U.S. dollars

11