MEXICO CITY, April 26 (Reuters) - Mexican state energy

company Pemex reported on Friday that its financial debt had

fallen to $101.5 billion at the end of the first quarter after

what Chief Executive Officer Octavio Romero called

"unprecedented support" from the government.

Throughout his term in office, President Andres Manuel Lopez

Obrador, an energy nationalist, has thrown the heavily indebted

driller billions of dollars in lifelines, including capital

injections and tax reductions.

Even so, Pemex remains the world's most indebted energy

company and owes both national and international service

providers $21.9 billion more.

"It is important that future governments support Pemex the

way it requires," Romero told analysts after the results were

published on Friday.

In the first quarter alone, Pemex received $4.6 billion in

support from the government.

Pemex is still the largest contributor to state coffers even

though production has fallen from the heights of decades earlier

as fields are being depleted and newer discoveries have failed

to compensate for the decline.

During the January-to-March period, Pemex produced crude oil

and condensate at an average of 1.8 million barrels per day

(bpd), the results showed, and processed an average of 985,000

bpd in its six national refineries.

While production had fallen from the same quarter a year

earlier, processing had increased.

It reported a net profit of 4.7 billion pesos ($284.3

million), down 91.7% from the year earlier period, amid lower

sales and higher costs, and an EBITA of 92.4 billion.

Its revenues stood at 405.9 billion pesos, down 3% from the

year before, driven mainly by a drop in crude prices.