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Bonds from Pemex declined after Fitch Ratings kept a negative outlook on its debt position.

Mexico's state-owned Pemex posted a profit of $274 million for Q1.

Pemex's oil exports are falling.

The government hopes to rein in excesses at the state-owned company.

Pemex lost output capacity for about 700,000 barrels of oil after a platform explosion that left at least two people dead.

The company said most of the oil was recovered immediately and the leak is now under control.

Pemex's goals include reducing its greenhouse intensity index in oil and gas production 48 percent by 2027, as well as in refining processes 36 percent by 2027.

Pemex has taken over the ownership and operation of the FPSO working on the Ku-Maloob-Zaap offshore field.

Pemex is evaluating debt payment options with the Finance Ministry.

Pemex is promising to cut its greenhouse-gas emissions by 54 percent over the next six years, and is targeting net-zero emissions by 2050.