Mexico's President Announces the Resignation of Pemex CEO Victor Rodríguez

Mexican President Claudia Sheinbaum announced on Thursday that Pemex CEO Víctor Rodríguez is stepping down, naming the state oil company’s chief financial officer, Juan Carlos Carpio, as his replacement.

The move comes after months of speculation over Rodríguez’s future at Pemex, which has struggled with declining production, operational setbacks, and rising internal tensions.