MEX PETE 7 MONTHS' PROFITS $15,864,403; Pan American, Controlling Company, Nets $18,421,931 in Same Period. BOTH EXCEED ALL 1921 GAINS Subsidiary Has $14,879,000 Cash, Within $1,250,000 of Current Liabilities and Bonded Debt.
Date: 12 September 1922
The Mexican Petroleum Company and the Pan American Petroleum and Transport Company for the seven months ended July 31, 1922, earned more profits than during the entire year 1921, according to official statements issued by both companies yesterday.