Pemex Publishes Its Code Of Ethics And Its New Code Of Conduct

On August 28, 2017, Petróleos Mexicanos ("Pemex") published in the Federal Official Gazette the release of the Code of Ethics of Pemex, its subsidiaries and affiliates, in the Institutional Regulation Control System and on Pemex's website.

The Code of Ethics outlines the corporate ethics principles and guidelines mandatory for all employees of Pemex, its subsidiaries and affiliates, and the core ethical principles of respect, equity and non-discrimination, effectiveness, honesty, loyalty, responsibility, legality, impartiality and integrity, governing the behavior and everyday professional conduct of all those who belong to Pemex.

To better illustrate the expected standards of conduct stemming from the Code of Ethics, Pemex also published in the Federal Official Gazette the Code of Conduct of Petróleos Mexicanos, its subsidiaries and affiliates, if applicable ("Pemex and Subsidiary Entities"), replacing the Code of Conduct in force as of February 9, 2015.