Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)

Pemex in the New Environment—Will the Company be able to Rise Again?

Authors
M V Kramskoy
Corresponding Author
M V Kramskoy
Available Online 17 March 2020.
DOI
https://doi.org/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.
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Volume Title
Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
17 March 2020
ISBN
978-94-6252-929-8
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.200312.220How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

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  - https://doi.org/10.2991/aebmr.k.200312.220
ID  - Kramskoy2020
ER  -