Operational, Financial and Economic Efficiency of PEMEX: An Envelopment Analysis Data from 2011 to 2021
DOI:
https://doi.org/10.46661/rev.metodoscuant.econ.empresa.8773Keywords:
Mining, extraction and refining: hydrocarbon fuels, allocative efficiency, mathematical and simulation modelingAbstract
PEMEX's technical efficiency represents an essential aspect in understanding its ability to enhance oil profitability and, consequently, increase the quality of life of a large number of Mexicans. Despite the significant changes derived from the 2013 Energy Reform and the notable investment plan promoted by the current administration, PEMEX continues to face considerable challenges in efficiency and performance terms. To evaluate its technical efficiency in operational, financial, and economic aspects, we employed a linear programming model based on Data Envelopment Analysis (DEA). The results obtained demonstrate that PEMEX exhibits efficiency scores above the sample average in its operational and financial indicators. However, there is significant room for improvement in its economic performance metrics. Finally, we outline a set of possible solutions to address the corporate and tax governance issues of said company, with the aim of improving its technical efficiency.
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