![](https://d32r1sh890xpii.cloudfront.net/article/718x300/2024-07-19_s9sv2ogqxp.jpg)
The Dramatic Fall of Mexico’s Oil Giant
Once one of the world’s most successful oil companies, the Mexican state-owned firm Pemex, has been falling increasingly into debt over the last decade, only surviving by pursuing cheaper shallow-water oil operations and being bailed out by the government. …