MEXICO CITY, July 31 (Reuters) - Mexican state energy

company Pemex reported a 18.02 billion peso ($1.03 billion)

second-quarter net profit on Friday, according to a filing with

the Mexican stock exchange.

Revenues for one of the country's biggest companies during

the April-to-June period totaled 510.44 billion pesos and

earnings before interest, taxes, depreciation and amortization

(EBITDA) 144.23 billionpesos.

Together with partners, Pemex produced 1.66 million (bpd) of

crude oil and condensate during the quarter, remaining short of

the government's goal of 1.8 million bpd despite efforts to

boost output from mature fields and bring new projects online.

While President Claudia Sheinbaum's administration has

embraced mixed-development contracts as part of a strategy to

increase production, progress has been slower than hoped and

uncertainty remains over how quickly new projects can contribute

meaningful volumes.

Pemex continues to struggle not only to reverse years of

declining output but also to reduce its financial obligations to

bondholders, banks, suppliers and contractors.

It processed 1 million bpd of crude at its domestic

refineries during the quarter, including the Olmeca refinery at

Dos Bocas, as Mexico continued to prioritize refining crude at

home rather than exporting it.

The company has increasingly directed production to domestic

refineries as part of the government's push for energy

self-sufficiency, even as stronger oil prices could make exports

more lucrative.

Financial debt stood at $77.5 billion at the end of June.

($1 = 17.4986 Mexican pesos at end-June)