Pemex is a Mexican public company operating in the oil and gas sector as well as in the petrochemical industry. It was founded in 1938 in the city of Mexico by Lazaro Cardenas, who served as the President of Mexico from 1934 to 1940. Cardenas created the company by nationalizing the country’s oil industry and through the expropriation of all Mexican and foreign oil firms operating at that time in Mexico. In almost 80 years since its creation, Pemex managed to become one of the world largest oil producers. By 2014, the company reached the 36th line in the Global 500 list of enterprises published by Fortune. Its year turnover in 2013 was at the level of 125 billion US dollars.
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