Oil production in Mexico stood at approximately 98.76 million metric tons in 2023. Historical data illustrates a consistent decline from 2013 to 2019, with the most significant annual drop observed in 2017 at 9.82%. However, a slight upward trend began in 2020, continuing through 2023, with modest year-on-year increases. The 5-year CAGR turned positive, reaching 0.41% by 2028, forecasting a stabilization and minor growth in production.
Future trends to watch for include technological advancements enhancing extraction efficiency, policy changes affecting production capabilities, and global oil price fluctuations influencing investment and production levels in the sector.
