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About MMEX Resources
From its filings with the US Securities and Exchange Commission
MMEX Resources is based in Fort Stockton, Texas and is incorporated in Nevada. Its shares trade on OTC under the ticker MMEX. The SEC classifies its business as allied to motion picture production. In the fiscal year to 30 April 2026, it reported revenue of $0 and a net loss of $1.9m. At that date it held total assets of $1.3m and shareholders' equity of −$6.6m.
MMEX Resources Corporation (“MMEX”) was formed as a Nevada corporation in 2005. The current management team lead an acquisition of the Company (then named Management Energy, Inc.) through a reverse merger completed in 2010 and thereafter changed the Company’s name to MMEX Resources Corporation.
MMEX is focused on the development, financing, construction, and operation of clean fuels infrastructure projects. MMEX has formed special purpose limited liability companies to implement its planned projects.
The Company has teamed with Polaris Engineering to develop an ultra-clean transportation fuels refinery complex, up to 60,000 barrels per day at our Pecos County, Texas sites. The planned product slate will be transportation grade ultra-low sulfur diesel. The Ultra Fuel® configuration has expected criteria pollutant emissions that are on the order of 95% lower than those of a traditional refinery in the US Gulf Coast. A companion project planned by MMEX, is a Blue Hydrogen project, converting natural gas to hydrogen to produce power and if implemented will provide the refinery with hydrogen for fuel gas and thus eliminate CO2 emissions. The Ultra Fuels® configuration, with capex and technical details completed in the Front-End Load-2 (“FEL-2”) engineering package, features modular design features to take advantage of proximity to Permian Basin fuel markets and to locate directly near crude oil production areas near the Company’s owned sites.
Quoted from its 10-K, filed 29 Jul 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Energy
- Industry
- Oil, Gas & Consumable Fuels
- Listed since
- 8 Jan 2009
- Employees
- 3
- Website
- mmexresources.com ↗
- Head office
- 3600 DICKINSON, FORT STOCKTON, TX, 79735
- Incorporated in
- NV
- Classification
- Services-Allied To Motion Picture Production
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Jack HanksPresident, Chief Executive Officer, Chief Financial Officer, Director, since 2010$323,342
- Mr. Bruce LemonsDirector
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- MMEX Resources Corp. focuses on oil and gas projects in Texas and Peru with subsidiaries like MCC Merger, Inc.
- The company has a presence in Central and Latin America for energy projects including electric power distribution.
- MMEX Resources Corp. has a development stage business model with subsidiaries in refining and extraction sectors.
Weaknesses
- MMEX Resources Corp. employs only 3 full-time employees as of April 2016.
- The company had not generated any revenue as of April 30, 2016, indicating early-stage challenges.
- MMEX Resources Corp. has no revenue streams despite having subsidiaries in multiple energy sectors.
Opportunities
- MMEX Resources Corp. can expand its oil and gas projects in Texas and Central America with new financing.
- The company may develop electric power projects in Peru and other Latin American countries.
- MMEX Resources Corp. can leverage its subsidiaries for refining and extraction projects in new markets.
Threats
- MMEX Resources Corp. faces challenges due to no revenue generation as of April 2016.
- The company's small employee count of 3 may hinder operational scalability.
- MMEX Resources Corp. operates in a development stage without revenue, risking financial instability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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