Ecopetrol profits slump 40% in Q3

Colombia’s Ecopetrol saw net income plunge by 40% to 2.35 billion Colombian pesos ($1.13 million) in the third quarter compared to a year earlier as lower prices and a weaker Colombian peso hit earnings.

Crude cost: Javier Gutierrez points to price pressure on Ecopetrol earnings
Crude cost: Javier Gutierrez points to price pressure on Ecopetrol earnings
Published 31 October 2014, 14:46Updated 11 October 2016, 15:38
Americas