President Sheinbaum replaces Pemex’s chief amid declining production and operational challenges at the state oil firm.
Mexican President Claudia Sheinbaum announced the resignation of Pemex CEO Víctor Rodríguez, appointing CFO Juan Carlos Carpio as his successor. The leadership change follows months of speculation over Rodríguez’s tenure, as Pemex grapples with falling production and internal tensions.
Pemex has faced persistent operational setbacks, including declining output and financial strain. The company’s struggles have raised concerns about its ability to meet production targets and stabilize operations under new leadership.
Sheinbaum confirmed the transition in a video address, with Rodríguez and Carpio present alongside Energy Secretary Luz Elena González. No immediate market reaction was reported.