Good day, ladies and gentlemen, and welcome to the Pemex Results as of June 30, 2024 conference call, hosted by Carlos Cortez, Acting Chief Financial Officer, and Ángel Cid, General Director at Pemex Exploration and Production, and Reinaldo Wences, Deputy Director of Evaluation and Regulatory Compliance at Pemex Industrial Transformation. There is a support presentation for this conference. The link is available at Pemex webpage, www.pemex.com/en, in the Financial Information category within the Investors section. At this time, all participants have been placed on the listen-only mode. The floor will be open for questions following this presentation. Questions may be asked by phone and webcast. It is now my pleasure to introduce Cristina Arista, Head of Investor Relations Office. You may begin. Thank you. Good day, and welcome to this call to present the financial and operational results for the second quarter of 2024. Before we start, we would like to remind our listeners that our comments during this conference call may include forward-looking statements. Listeners are cautioned not to place undue reliance on any forward-looking statement and to review the cautionary notes that appear in the final pages of our earnings report. This is published in the Investor Relations section of Pemex's website. For this conference call and in supporting documentation, quarterly variations are computed as compared to the same quarter of the previous year, and cumulative variations are computed as compared to the same period of the previous year, unless it is otherwise specified. Thank you for your participation, and on behalf of Petróleos Mexicanos, welcome. Now, I give the floor to our Chief Financial Officer, Carlos Cortez González. Thank you, Chris. Good day, everyone. Hoping you're having a good day. Thank you for your interest in the operative and financial performance of Petróleos Mexicanos for the second quarter of this year. Well, in the last track of this administration, we consider that it is appropriate to share with you an overview of the company's performance, both so far in 2024, but as well as some relevant aspects of the comprehensive management of Pemex since we began the transformation of the oil industry here in Mexico in December 2018, when the prevailing condition was precarious, both operationally and financially. As a result of many previous decisions, the company presented a very critical operational deterioration, a weak financial condition, as well as a lack of transparency and disadvantageous, disadvantageous negotiations with commercial counterparts, in which, in some cases, acts of corruption were ultimately identified. With this condition clear, even before the formal starting of this administration, and with the support of the federal government, actions were identified to address the situation that prevailed, seeking to reverse it in the shortest possible time. Without a doubt, the strategy has given results since then. To date, there is a very different diagnosis. We can firmly affirm that Pemex has been transformed, and that conditions for sustainable growth have been established. As we will discuss later in detail, the value chain as a whole presents a change in profile. The situation is very different in the production and processing of hydrocarbons, in the marketing of fuels, natural gas, and derivatives, and in addition to financial commitments. Therefore, in an environment of change of administration, the starting platform for the next six year term is solid, establishing a condition to consolidate what has been achieved so far, giving space to new challenges. In addition to the own resources that the company has allocated to finance its substantive activities and meet our payments commitment, as we have already commented on other occasions, we have also received the transfers from the federal government. I consider it very important to emphasize that of the MXN 1 billion received over these years, the majority, this is, 624 million, have been used to pay debt, and the remainder, 391 million, has been used in projects that strengthen our productive infrastructure, such as the construction of the Olmeca Refinery, the acquisition of the Deer Park Refinery, the rehabilitation of the six refineries of our national system, and the fertilizers plants, among other projects. With all this, the net contribution to the federal government is positive at more than MXN 3 billion, since Pemex has contributed MXN 4.142 billion in taxes and duties throughout this administration. In short, with these actions, Pemex owes less and is worth more. Next, I will make a brief description of the main results achieved in the period January to June 2024. I will begin elaborating our hydrocarbon production and reserves. In other occasions, we have commented on our strategy for developing new fields to counteract the decline of our mature fields. Today, I will refer to the contrast that is observed in having developed 54 new fields during this administration, 31 in the sea and 23 on land, compared to 8 fields that were developed in the previous administration. This is almost six times more. The intensity in the development of 54 new fields is reflected in a contribution of more than 560,000 barrels per day, equivalent to more than a third of the current total production, which compares favorably with the 99,000 barrels per day that were contributed by the eight fields developed in the previous six-year period. This has implied a substantial reduction in the time that elapses between the discovery and the development of a field, going on, on average, from 60- 12 months. This is a fifth of the time. These results were possible, thanks to a series of actions that have accelerated the capture of production, among which stand out: first, the drilling of greater number of wells, which are now deeper and more complex, the construction of light and relocatable structures, reducing the time and cost, as well as optimizing the use of resources. The installation of a greater number of pipelines, incorporating more than 1,000 km compared with the previous administration. The design of development spokes or clusters that allow taking advantage of the existing infrastructure and optimizing investment. The acquisition of 80 new drilling equipment and the modernization of 15 existing units, and the adoption of early production practices in offshore and onshore wells. All of this has allowed us to date that a third of our production to come from field, fields incorporated into this administration. During the second quarter of 2024, total production was on an average of 1.78 million barrels per day, in accordance with the strategic lines of producing enough volume of crude oil to satisfy the diet of our refinery system, considering operational slack for inventories and contingencies. Later, the Pemex Exploration and Production team will offer more details about the behavior of our liquids production and its variations. What I want to highlight is that currently, with the rate of hydrocarbon extraction and the incorporation of new reserves, as of January 1, 2024, an increase in the proven oil field reserve was certified, going from 7.4 billion-to 7.5 billion barrels of oil equivalent. And this is a result of a responsible strategy in which PEMEX replenished more hydrocarbon reserves compared with the amount extracted. Now, I will refer to the achievements in our refineries. I will begin by commenting that the crude oil processing capacity at PEMEX facilities was in a very critical condition at the beginning of this administration. Proof of this is that the Madero Refinery was out of operation, and the performance of the other five refineries was below their capacity. Having identified this situation, actions were undertaken to increase the process recorded in December 2018, from 511,000 barrels per day to an average higher than 590,000 barrels in 2019 and 2020. Initiating a deep rehabilitation process, also reducing the lagging maintenance activities. It was in 2021, when a substantial increase materialized in the national system of crude oil processing, obtaining an annual average of 712,000 barrels per day. But our capacity was enhanced starting in 2022, with the acquisition of the Deer Park Refinery, which provided additional capacity of more than 250,000 barrels per day. As of that year, the total process in PEMEX assets exceeded 1,000,000 barrels per day. As of the second quarter of 2024, a crude oil process of 936,000 barrels per day was recorded in the national system, +262,000 barrels per day at the Deer Park Refinery, for a total amount of 1.2 million barrels per day. And this year, the capacity of the new refinery in Dos Bocas also is integrated, which already processes crude oil and inter- and intermediate products, thus, beginning its contribution to the national fuel supply. With all this, it is estimated that in this year, this 2024, the six current refineries in the national system will process an average of 1 million barrels per day, plus an average annual contribution of more than 160,000 barrels per day from Olmeca, for a total of 1.60 million barrels per day. If we add the activity of Deer Park, the annual average will climb to more than 1.4 million barrels per day. There is no doubt that this scene is very different, since next September, at the end of this administration, the crude oil process will be at 1.7 million barrels per day. This is 233% higher than that observed in December 2018. This result of increasing process is seen in the greater supply of products, which, considering only transportation fuels, this is gasoline, diesel, and jet fuel, in the second quarter of the year, already exceeds 750,000 barrels per day. To the extent that the process is stabilized and increased to full capacity in the Olmeca Refinery, and the efficiencies of the coking plants under construction in Tula and Salina Cruz are captured, national self-sufficiency in fuels will be achieved in compliance with the strategic, strategic objective of the federal government. I would like to particularly highlight the performance of our Deer Park Refinery, where during the second quarter of 2024, a series of scheduled major repairs were carried out safely, on time, and on budget, resulting in a reduction in operational availability, going from an annual average of 92.3% in 2023 to 85.9% so far this year. Despite this, in operational terms, in the first six months of the year, the average crude oil processing was 262,000 barrels per day, that is 3,000 barrels above the annual average of 2023. And regarding fuel production, an additional 3,000 barrels per day were obtained compared to the average of the previous year, to reach a total of 242,000 barrels per day. Finally, a gross EBITDA of $137 million was recorded in this period. Let's now talk about the marketing, the commercialization of our oil products in the domestic market. To capture the benefits of our greater product offering, it is imperative to have a commercial strategy that ensures its placement in the market under competitive conditions. With this in mind, at Pemex, we have worked hard to strengthen ties with our customers who distribute fuels, offering advantages to foster solid and lasting business relationships. With this, we have managed to recover a significant number of counterparties, substantially expanding our client portfolio, and this is reflected in the increases in our market shares. Based on official information, during 2024, Pemex has higher shares in the gasoline, diesel, jet fuel, and LPG markets compared to the lowest points reached in previous years. Regarding the number of service stations with Pemex franchise, 23 months of consecutive growth have been recorded, incorporating 453 new facilities to the commercial model, for a total of 7,266 stations in the network as of June 2024. Only the second quarter of 2024, they opened 52 new stations with the Pemex brand, contributing to strengthening the leadership of the broader fuels network in Mexico. These results are a sample of the success of our commercial strategy, where the institutional image of Pemex transmits pride, identity, and loyalty in the national market. Now, let's talk about our financial performance as of the second quarter of the year. Regarding our consolidated results, we highlight that in the period between January 1 and June 30, 2024, Pemex obtained a positive operating performance of MXN 42 billion, which shows that substantive activity yields are good results. However, discounting financial costs, financial cost, exchange valuation, and tax payments, the consolidated net results shows a net loss of MXN 251 billion. In the consolidated results, two components stand out that although they are accounted for in the results, and reduce per our performance, do not represent monetary items. The first one is the exchange loss, which, as a result of the depreciation of 1.45 pesos per dollar in the period, it affects MXN 126 billion in the consolidated net income. And the other one is the cost of the derivative financial instruments that, due to exchange rate evaluation and market conditions, affects in MXN 16 billion in the consolidated net income. Regardless of what will be discussed later, I highlight that Pemex continues to generate value, since during the first six months of 2024, we recorded a solid regeneration of EBITDA with a margin of 14%. Regarding the debt balance, it stands at a total of $99 billion as of June 30, implying a reduction of $6 billion compared to that recorded as of December 31, 2018. If constant dollars were considered, the reduction in the balance is almost $33 billion, equivalent to 25%. As we have been comparing on previous occasions, if we do not consider the component that corresponds to the liability that represents the repo, the repo of the credit titles received from the federal government due to the decrease in our labor liabilities, the balance of the debt amounts $97 billion, representing a reduction of $9 billion compared to the balance recorded at the beginning of the administration. Turning now to the issue of our sustainability agenda, I like that in these months, very important progress has been made towards the fulfillment of our sustainability plan, which, as you know, was formalized and disclosed at the beginning of 2024. Among the main achievements I can highlight are important advances in prioritization rules and in the implementation of our budget taxonomy that allows the allocation of resources with environmental, social, and corporate governance impact. The integration of a project of general sustainability policies to regulate the emission of greenhouse gases, as well as the identification of internal regulations to be issued or updated for these purposes. The integration and review of a portfolio of initiatives to reduce greenhouse gas emission. The approach with experts to identify applicable technologies for reducing emissions. The publication of the first climate risk report, and a considerable progress to affiliate Pemex to the International Association of Oil and Gas Producers. With these important advances, Pemex has undoubtedly already taken important steps in fulfilling the commitments of our sustainability plan. We will continue to contribute to this and other important efforts to provide positive impacts to the environment, reflect ethical and fair conduct, which has a positive impact on the individuals and companies with whom we maintain relationships, guaranteeing transparency and legal compliance. Well, I will continue to elaborate on the main financial results, and then give the floor to my colleagues in the upstream and downstream team. I want to start by highlighting the performance of our gasoline, diesel and jet fuel sales in the local market during the second quarter of the year. Compared to the same period in the previous year, solid growth is observed, highlighting that of diesel with 15.8%. This is a result of both the dynamics of the Mexican economy and the good results of Pemex commercial strategy. For these three transportation fuels, gasoline, diesel, and jet fuel, during the second quarter of 2024, Pemex already sells a total of 1.095 million barrels per day. Together with the rest of the products sold, the gross amounts of Pemex total sales is equivalent to 4% of Mexico gross domestic products. About our share of national sales in total revenue, I would like to highlight that a fundamental part of the strategy to rescue energy sovereignty, that is followed within this administration, is the strengthening of internal market, establishing condition to limit dependence on flows from abroad to guarantee the capture of income. In this sense, the share of sales in the local market for fuels, petrochemical and gas products in relation to Pemex total income, has increased substantially. Until the second quarter of 2024, the share of gross national sales in Pemex total revenue amounts 76%, representing an increase of almost 5 percentage points compared to the 2023 average. This condition implies that more than three quarters of Pemex gross income is warranted with its local market. So to the extent that the commercial policy continues to not only maintain, but increase our client portfolio, a greater proportion of our flows will be stable. The strength of the domestic fuel market has a very significant impact on the collection of direct contribution, such as the value-added tax, and the special tax on products and services. In a comparison, for the first six months of the year, as a result of higher sales volumes and the fuel public pricing policy established by the federal government, the total VAT and IEPS in 2024 turned out to be higher by MXN 145 billion, which implies an increase of 388% compared to 2023. In the next slide, we present in detail our income statement for the second quarter of 2024, which reflects a positive operating performance of MXN 5.9 billion. When accounting for the net financial cost, the exchange rate variation, the payment of tax contributions, a negative net return of MXN 256 billion is obtained. This figure represents a negative variation of MXN 281 billion, if compared against the net results for the second quarter of 2023. Well, at this point, I would like to comment that also the difference is very wide. The exchange rate variation account explains the 94% of the effect derived from the depreciation of the exchange rate observed in the period. Well, as you know, in the integration of the consolidated net result, the participation of non-monetary items, such as exchange rate variation, is only valuation and does not imply real cash flows. Regarding our profitability, during the second quarter of 2024, this profitability measure in terms of EBITDA is maintained at MXN 56 billion pesos, which were obtained in the period. A figure that is MXN 37 billion lower than that recorded in the second quarter of 2023. The loss of dynamics is explained by the volume effect on crude oil exports, despite higher prices. Measured as a percentage of sales, the EBITDA margin for the quarter was 14%, which is lower than that recorded in the same period in 2023. Well, this EBITDA margin achieved in the first half of the year, in average is 18%, placing Pemex in the ninth place in a sample of 10 of the 10 most relevant companies in the sector. It is important to say that the industry average showed also a decrease compared to the first quarter, going from a 24%- 21%. About our CapEx evolution, I would like to say that throughout this administration, a constant growth has been recorded in the evolution of our capitalizable investment spending. Based on our updated budget at the end of 2024, an annual amount of MXN 220 billion is estimated, and this is 5% higher than that recorded in 2023. As of June, MXN 108 billion has been already spent, which is equivalent to the 49% of the total. Of the total amount spent, 79% was executed on hydrocarbon exploration and production activities, 17% on downstream activities, and 4% on product storage and distribution projects, as well as transversal activities provided by Pemex corporate, such as medical services and information technologies. Likewise, there is solid progress in the integration of our budgetary taxonomy that will allow us to identify the concepts of the sustainability agenda within the budget. Under our current criteria, environmental and industrial safety components are identified that together amount to MXN 6.4 billion within the first half of 2024, as you can see in the table below this slide. About our suppliers and contractors' payments, I would like to say that to maintain payments in 2024, Pemex has executed payments with direct flows, factoring and other structures, with the purpose of addressing debts with our suppliers and contractors. In May alone, more than MXN 65 billion were paid, the highest figure in many months. We will continue to complement our own flows with financial structures to accelerate the pace of payment execution, with the firm intention of making progress in closing the gap. About our crude oil and crack spreads hedges, as you know, Pemex Pemex oil hedging strategy protects around 20% of the estimated total exposure for this year under current market conditions. As last year, the strategy of purchasing monthly forward spread is maintained, which provides a protection against falls in the price of the Mexican crude oil mix of up to $5 below the level established in the income law. This is $56.7 per barrel. During the first part of the year, our oil hedge paid $8.8 million to Pemex. Also, since last year, a strategy was implemented to protect flows against variation in the diesel and gasoline crack spread, through the contracting of fixed floating price swaps settled monthly. So far in 2024, the coverage of the crack spread of diesel and gasoline generated a net profit for Pemex of $3.1 million and $6.4 million, respectively. I will now elaborate in a deeper detail some components of our sustainability agenda. The first topic is our climate risk report. Here to say that on June the twelfth the corporate financial area presented to the sustainability committee our climate risk report, which identifies the risks and opportunities associated with climate change, and also analyzes the actions that the company must implement to increase their resilience and move towards a more sustainable economy. This document is aligned with the Task Force on Climate-related Financial Disclosures, the TCFD recommendations, and is available on our website for consultations. Let us now turn to the performance of our ESG key performance indicators during the second quarter. I will begin by commenting on those corresponding to the environmental protection, comparing the results achieved in the second quarter of 2024 in relation to that of 2023. In the case of carbon dioxide equivalent emissions, a 2% decrease was recorded, explained by energy efficiency efforts, heat exchangers, oxygen analyzers, and the elimination of steam leaks. Regarding sulfur oxide emissions, there is an increase of 26.9%, and this is explained by the intermittencies in the operation of sulfur recovery plants in the gas processing complexes. In relation to the treated water index, the index increased 13%, and this is explained because the waste water treatment plant at Madero was rehabilitated, and in Cadereyta, the plant, a similar plant came into operation. Regarding to the efforts to reduce our greenhouse gas emissions, in this slide, in the graph above, we see the evolution since 2021. Comparing the second quarter of this 2024 against that of 2023, a reduction of 2% is observed, which is equivalent to 0.3 million tons of carbon dioxide equivalent. In parallel, it is observed that in the period January, June 2024, an average of 24% was recorded in the gas utilization rate at Pemex Exploration and Production facilities, which means that an improvement of one point five percentage points compared to the same period of the previous year. Regarding our key security performance indicators, both the severity and frequency indexes present a better performance compared to the second quarter of 2023 by six and three percentage points, respectively. This is a result of the initiatives implemented to strengthen the performance of our health and safety system health and safety at work of Pemex. About our social responsibility, Pemex has strengthened its relationship with the communities through constructive dialogue and the consolidation of agreements promoting shared development. This has been key to defining and developing social responsibility programs and actions which generate stable social environment, ensure operational continuity, and contribute to the well-being of people living in nearby areas. During the first half of 2024, Pemex executed 50% more programs compared to the same period in 2023, identifying expenditures for an amount of MXN 372 million. Here in this slide, we present the dashboard with the inventory of our environmental and safety and reliability risks. Just to say that at the end of the second quarter of 2024, of the total inventory of 235 environmental risks, 43 have been addressed. For their attention, a total investment amount of MXN 11.5 billion has been estimated, which will contribute to the mitigation of effects, environment, soil, water, and air. Likewise, of the total inventory of 852 safety and reliability risk, 706 have been addressed, and the remaining 146 risk have a program for definitive attention, and an estimated investment amount of MXN 23.3 billion to face this challenge. Well, to conclude the financial section, I will now elaborate on our financial strategy. Here we present the debt maturity profile without considering accrued interest. As of June 30, maturities or the equivalent of $4.8 billion are identified for the rest of 2024. Most of the maturities are concentrated in September due to the expiration of the stock certificate issue in the local market. Work is already underway on the strategy to meet this commitment. In relation to the financing strategy for the rest of the year, we will seek to continue with the trajectory of net debt reduction that has been observed in recent years in terms of public finances. This will imply that Pemex does not will not consume the net debt ceiling approved by the Congress in the fiscal year 2024, equivalent to MXN 208 billion. In this sense, it should be noted that accumulated debt balance as of June 30 is $99 billion, which represents a decrease of $6.6 billion compared to that reported as of December 31, 2023. Well, with this, I conclude my intervention in this financial section. Next, the Pemex Exploration and Production team, led by Mr. Ángel Cid, will continue with the presentation of the operational performance of the upstream. I give the floor to Juan Francisco to this session. Thank you for your attention. Thank you, Carlos, and good morning to everyone. The presentation of Pemex Exploration and Production's operating results is divided into four sections. In the first part, I will talk about the performance in the production of liquid hydrocarbons, that is crude oil and condensates, including the production of our partners. In the second section, I will show the performance of natural gas production. In the third, I will present the production progress in the new fields project. And finally, in the fourth section, I will discuss the reactivation of activities in the Lakach field. In line with the 2023/2027 business plan, we have maintained our focus on areas with greater productive and economic potential, prioritizing exploration on onshore and shallow water areas close to zones with production infrastructure. Accelerated development of new fields and early incorporation of production from exploratory wells was implemented, reducing the time to bring newly discovered fields into operation. Additionally, we continue with activities focused on well maintenance, provided immediate solutions to operational problems to sustain the production in fields within operation. These actions made it possible to have the downward trend in production, reaching a volume of 1.784 million barrels per day in the second quarter. As previously mentioned, liquid hydrocarbon production, including production from our partners, averaged 1.784 million barrels per day in the second quarter, representing a decrease of 118,000 barrels per day with respect to the second quarter of last year. The natural decline of some of our main fields, such as Maloob and Zaap, the delay in the installation of offshore infrastructure, unusual bad weather conditions that prevented the continuity of offshore operations, and the delay in the completion of highly complex wells due to their depth, pressure, and temperature conditions, have been the cause to decrease in production. Regarding the quality of the hydrocarbons produced, the participation of light crude oil has increased to 47% of total production due to the contribution of the new field's strategy, most of which are producers of this type of hydrocarbon. Regarding the location of production, 65% comes from shallow water fields, and the remaining 35% from onshore fields. As for hydrocarbon gas production, in the second quarter, it decreased by 389 million cubic feet per day compared to the same period of 2023, reaching a volume of 3.731 million cubic feet per day as a consequence of the causes already mentioned for liquids. The following fields stand out for their gas production: Quesqui and Tupilco Profundo in the Southern region, Ixachi in the north region, Onel, Koban, and Suuk in the Southwest Marine region, and Maloob and Zaap in the Northeast Marine region. Regarding the location of production, 37% comes from shallow water fields, and the remaining 63% from onshore fields. In the second quarter, the production of liquid hydrocarbon production, due to the total incorporation of new fields, averaged 557,000 barrels per day, coming from 253 wells, 152 located in offshore and 121 in onshore. Compared to the second quarter of 2023, production decreased by 4%, mainly due to the natural decline of the Quesqui and Tupilco Profundo fields, and delays in the installation of offshore infrastructure and in the completion of highly complex wells. During this period, 19 wells belonging to the new field strategy were completed, which together contributed a production of 44,000 barrels per day. For the rest of the year, 34 additional wells are expected to be completed in this strategy, which will help to stabilize the production level. Within the new field strategy, the Quesqui, the Quesqui field stand out for its production, with a contribution of 30%, Tupilco Profundo with 18%, and Ixachi with 11%. Natural gas production from new fields averaged 1,591 million cubic feet per day. Finally, regarding the Lakach field, Lakach is a non-associated gas field discovered by Pemex in 2006, with a reserve of 900 billion cubic feet, located in the Gulf of Mexico, off the coast of the state of Veracruz, in deep waters, with an average water depth of 1,000 m. This field underwent a partial development from 2012- 2015, with an investment of $1.44 billion, but was never completed due to the lack of budgetary resources. To continue with the development of this project, Pemex signed an exploration and extraction service contract agreement with Grupo Carso, which will invest $1.88 billion, and is estimated to start production in December 2026. This concludes my participation in this conference. I now give the floor to Mr. Reinaldo Wences of Pemex Transformación Industrial. Thank you. Thank you very much, Juan Francisco. Good morning, and thank you all for joining this call. Regarding the crude oil processing, the national refining system reached 886,000 barrels per day during the second quarter of 2024, marking a 7.3% increase, 60,000 barrels per day compared to the same period in 2023. This growth reflects enhanced refinery performance with the following processing volumes: Salina Cruz processed 227,000 barrels per day, Tula, 154,000 barrels per day, Salamanca, 143,000 barrels per day, Madero, 127,000 barrels per day, Cadereyta, 120,000 barrels per day, and Minatitlán, 115,000 barrels per day. During the second quarter of 2024, utilization of the national refining system's primary distillation capacity reached 54%, a 3.7 percentage point increase from the corresponding period in 2023. We highlight Salina Cruz, Madero, and Salamanca refineries that surpassed this average, achieving utilization rates of 68.8%, 66.8%, and 58.4%, respectively. Regarding the rehabilitation program of the national refining system, from January to June, repairs were completed on 26 process units, with 22 units addressed under the 2024 program and 4 units under previous programs. As part of this effort, scheduled maintenance was conducted in the primary units of the Tula Refinery during the second quarter, so to level off, processing in that quarter may appear to be low. This maintenance was successfully completed, leading to a recovery in processing levels in this month of July, when we returned to high operational process levels. Regarding the production of petroleum products, during the second quarter of 2024, the national refining system processed 873,000 barrels per day, reflecting a 6.3% increase of 52,000 barrels per day compared to the same period in 2023. Within this total, specific product outputs were as follows: 269,000 barrels per day of gasoline, 164,000 barrels per day of diesel, 30,000 barrels per day of jet fuel, and 411,000 barrels per day of other petroleum products and LP gas. It is worth noting that compared to the second quarter of 2023, distillate production saw an increase of 44,000 barrels per day, which is an 11% increase. Regarding the refining variable margin, during the second quarter of 2024, refining margins in the national refining system averaged $0.87 per barrel, maintaining at least positive values. This outcome primarily reflects increased crude oil prices, alongside stabilized prices for refined products on the north coast of the Gulf Coast, the Gulf of Mexico, which placed pressure on refining margins globally. It is noteworthy that this trend was partially mitigated by higher production of high-value products within the national refining system. Finally, on this segment, I would like to point out that in July, the Olmeca Refinery registered a processing level of around 100,000 barrels per day, which means that the National Refining System should close this month with now seven refineries at a processing level of around 1.1 million barrels per day. Next slide. Regarding gas operations, in the second quarter of 2024, wet gas processing was 2.306 million cubic feet per day, of which 2.008 million cubic feet per day are sour wet gas and 298 million cubic feet per day are sweet wet gas. The level of processing is explained by a lower delivery of wet sour gas in the Southeast region and wet sweet gas in the North region. Meanwhile, the production of dry gas in the gas processing complexes reached 1,827 million cubic feet per day for dry gas, along with 146,000 barrels per day of gas liquids and 10,000 barrels per day of condenser. Next slide. Regarding the production of petrochemicals, during the second quarter of 2024, total petrochemicals production reached 245,000 tons, marking an increase of 33,000 tons compared to the same period in 2023. The top performers include, one, in the methane derivatives segment, ammonia production reached 30,000 tons during the period, showing an increase of 12,000 tons compared to the same period in 2023, driven by enhanced operational continuity in the Ammonia six unit at the Cosoleacaque Petrochemical Complex. Two, methanol production at the Independencia Petrochemical Complex, which achieved 42,000 tons, an increase of 18,000 tons over the second quarter of 2023, due to extended operational hours of methanol unit number 2, compared to the previous year's quarter. Three, additionally, carbon dioxide production saw a significant rise of 55,000 tons. With this update, I conclude my participation in this call, and I now pass the floor to Carlos Cortez, our Corporate Finance Director, for his final remarks. Thank you all. Thank you very much, Reynaldo. Well, as a final message, I will comment that, from the beginning of our management, we have worked on action to quickly reverse the weak condition prevailing to reposition Pemex in its rightful historical place. To date, achievements have been made to have allowed us to change the profile of our comprehensive performance, and work continues to consolidate these strategies that allow the company to position itself in a stratum that ensures sustainable growth. What we have achieved so far would not have been possible without the support of the federal government, throughout this almost these years, these six years. Pemex issues have been a relevant part of the President of Mexico's agenda, and this situation we recognize and appreciate. In an environment of change in administration, Pemex is ready to face new challenges, since with the results described, the entire value chain presents relevant changes with respect to the condition in which it was received. With the efforts already made, today, we have a stronger Pemex with better infrastructure and positive perspectives. With this, we end the presentation, but not before thanking again the audience interest in knowing the results of our management, which we continue to carry out with responsibility and pride, being aware of the great challenge of maximizing Mexico's oil wealth. Now, we can proceed to our Q&A section. Thank you very much for the attention. Thank you so much. As a reminder, if you would like to ask a question, simply press star one one on your telephone and wait for your name to be announced. To withdraw the question from the queue, press star one one again. Okay, and we wait for the team to see if they have any webcast questions. One moment for our first question, please. It comes from the line of Declan Hanlon with Santander. Please proceed. Hi, good, good afternoon. Thank you very much for the call. I have a couple of questions. The first one is, we saw the news today of the, the latest, DUC deferral. I assume that's in the region of a bit less than $1 billion, but can you confirm that for us? Secondly, also related to the deferrals, has Pemex made a catch-up payment on the, on the recent, on the previous, deferral plan? And third part of that, how does Pemex recognize these processes in the financials? My second question is, I recognize that, you know, the official position is for, Pemex to expect the government to meet amortization payments on schedule. But with the decreased credit line facility now, and also the inevitable delays in transitioning government and new administration, are there contingency plans in place to potentially access the market in the third or fourth quarters, particularly, say, to meet the peso amortizations that are upcoming? That's it for my questions. Thank you. Hi, Declan. Thank you for your question. This is Alberto Jiménez. Regarding the DUC deferral, we confirm that it was for MXN 35 billion. Regarding your last question on whether we are considering to going to the market, as of today, we are not considering to go to the capital markets. Thank you. Jose, just, just a second part of that first question. The, you know, the previous deferral, has the catch-up payment been made on that at this point? And how does Pemex recognize these processes in the financials? No, the first deferral is part of this MXN 35 billion, and that first deferral is for MXN 15 billion. Thank you. Okay, José. Thanks. I'll follow up with you offline. Thank you. One moment for our next question. It comes from the line of Bader El-Muttwakel with Barclays. Please proceed. Yes, good morning, good afternoon. Thank you for taking my questions. I have two quick questions. The first one is on the downstream. So just trying to understand a little bit the dynamics that are happening there. Because if I look at your Excel file, and if I potentially understood it correctly, you know, the downstream on the EBITDA on the downstream is another time negative around $2.5 billion-$2.6 billion. So wondering, what is driving these losses on the downstream, especially if we compare quarter-on-quarter? I see that the losses are, you know, have increased by close to $1 billion, and this is net of the peso effect. So that would be my first question. And then my second question, maybe, we can answer it, maybe not, is regarding the new administration. When do we think, you know, we would have, potentially, you know, the president or the president-elect's view on, the next or, you know, the continuity of Pemex CEO? And then obviously, if the management is changed, when do you think, you know, the new management is gonna take over? And if the management does not change, is there a timeline for Octavio Romero potentially to be, to remain on, at the helm of, of Pemex? Thank you so much. Thank you. This is Alberto Jiménez again. Regarding your last question, as of today, we still don't have instructions regarding the transition for Pemex. One second. Reinaldo? Yeah, the main drivers for the loss in that sense in downstream are both, as you mentioned, reference pricing. Our reference pricing is to the northern part of the Gulf of Mexico coast, and also weakening of the Mexican peso in the last part of the presidential election process. We're expecting to have recovery of that, but both on prices and on the exchange currency towards the second half of this year. And also, the projects that we have, the main projects that will deliver us a large improvement in EBITDA, are precisely the Olmeca Refinery. Our rehabilitation level of the existing six refineries and the coker plant in Tula by the end of the year will bring us, in terms of EBITDA, we have projected no profit, no loss with the entrance of these projects. Thank you very much. We have another one from our webcast. His question is: he's asking: Could you comment on the ramp-up process of the Olmeca Refinery? I give the floor to Reinaldo Wences. Yeah. Well, as I mentioned a few minutes ago, the Olmeca Refinery began its crude oil processing in July with around 100,000 barrels per day. We estimate that by the end of the third quarter, it will reach its optimal processing level. With this, the national refining system, now with seven refineries, should achieve processing levels of around 1.4 million barrels per day. Mm-hmm. It is worth mentioning that at the end of March, the first batch of sour diesel was transported from the Madero Refinery to the Olmeca Refinery to be used as feedstock and to initiate the operation of the diesel hydrodesulfurization unit number one. On May 5, 2024, the production of ultra-low sulfur diesel began, which were shipped to Tuxpan for commercialization in the center of Mexico, as well as to Veracruz and Progreso. On July 6, a second tanker, Valle Sole, completed the loading of 262,000 barrels of ultra-low sulfur diesel for subsequent distribution in the country. During the last week of July, we expect a third tanker to load a batch of 260,000 barrels of ultra-low sulfur diesel. Starting from June third, the distribution of ultra-low sulfur diesel produced out of the refinery began in the state of Tabasco via tank trucks. Over 1 million liters have been distributed through this method. It is worth mentioning that the Olmeca Refinery currently has a production of 44,000 barrels per day of ultra-low sulfur diesel. Finally, I would like to mention that with the start of crude oil processing, we estimate that gasoline production will begin during this summer. So as I had mentioned before, so before the summer is ended, we'll have gasoline production also. Thank you very much. Thank you very much, Reinaldo. This is Carlos Cortez again. I'm afraid we have no more time. So, here we conclude our call. Thank you very much for your attention, and see you next time. Thank you all who participated in today's conference. You may now disconnect.