Petroleum industry in Mexico

The petroleum industry in Mexico makes Mexico the eleventh largest producer of oil in the world and the thirteenth largest in terms of net exports. Mexico has the seventeenth largest oil reserves in the world, and it is the fourth largest oil producer in the Western Hemisphere behind the United States, Canada and Brazil. Mexico is a member of OPEC+ and the North American Free Trade Agreement.

The petroleum sector is a significant contributor to the Mexican economy, with oil revenues generating almost 7% of Mexico's export earnings. In 2014, income from the petroleum sector made up 33% of public sector income, and taxes on the revenues of the state-owned oil company Petróleos Mexicanos (Pemex) formed roughly 20% of all tax revenues collected by the Mexican government in 2022.

While a significant contributor to the overall Mexican economy, the industry has been criticized as a driver of pollution and environmental destruction. In some cases, residents of extraction zones have expressed negative opinions regarding the effects that the oil industry has on their community. In addition to this, issues such as corruption and fuel theft hinder operational efficiency.