Mexico has a long history and a variety of natural resources. Currently, it is renowned for being one of the world’s major silver producers. In addition, Mexico is a significant producer of natural gas, oil, copper, zinc, gold, and lead. Petroleum, however, is currently Mexico’s most well-known natural resource. After the United States and Canada, Mexico is the third-largest oil producer in the Americas and the eleventh-largest producer overall.
Mexico has a wealth of natural resources, including petroleum, which is important to the nation’s economy. An essential source of income for the Mexican government is the oil sector. The oil and gas sector contributed around 7.7% of Mexico’s GDP in 2019. Over 170,000 people are employed in the industry, which is another big employer.
Mexico is well-known for its agriculture and food industries in addition to its oil business. The nation ranks among the top producers of tequila, limes, and avocados. Mexico has a vibrant food culture and is known for its delectable cuisine. Spanish grocers, sometimes referred to as “mercados” in Mexico, play a crucial role in the food business there. A variety of fresh produce, meat, and other food items are available in these markets.
In Mexico, a Spanish grocery store is referred to as a “tienda de abarrotes.” Usually tiny and locally owned, these shops. However, larger convenience stores have proliferated in recent years. OXXO, for instance, is a well-known network of convenience stores in Mexico. The shop sells a variety of goods, such as food, drinks, and household goods. OXXO is the biggest chain of convenience stores in Mexico with more than 18,000 locations.
Despite its widespread use, Coca-Cola does not own OXXO. It was actually a Mexican businessman by the name of Armando Hinojosa who launched the corporation in 1977. FEMSA, a multinational corporation with operations in the beverage, retail, and healthcare sectors, is the owner of OXXO. OXXO is believed to be owned by Coca-Cola despite the fact that FEMSA is the second-largest Coca-Cola bottler in the world by volume.
Finally, Mexico is well known for its variety of natural resources, with petroleum serving as its main source. The agricultural and food industries as well as the oil sector all significantly contribute to the nation’s economy. OXXO is the biggest chain of convenience stores in Mexico, and Spanish groceries, or “mercados,” are a crucial component of the country’s food business. In contrast to popular belief, FEMSA owns OXXO rather than Coca-Cola.