In 2022, Mexico's total energy supply (TES) consisted of oil, accounting for 44.3%, with natural gas at 39.0%, and coal at 5.5%.

Biofuels and waste constituted 5.0% of the total, while other renewables, such as hydro, wind, and solar, combined to form 4.8%.

The petroleum sector is a significant contributor to the Mexican economy, with oil revenues generating almost 7% of Mexico's export earnings.

[22] It also projected that the nation would have 12 GW (16,000,000 hp) of wind generation capacity by 2020, and would be able to provide fifteen percent of Mexico's production.

[22] Brian Gardner, Economist Intelligence Unit's energy analyst, said, "With strong wind through the south, consistent sunlight in the north and a stable market, Mexico is well positioned for continued renewables growth".

Attempts to reform the sector have traditionally faced strong political and social resistance in Mexico, where subsidies for residential consumers absorb substantial fiscal resources.