economy
Ecopetrol reported financial drop: fell 7.7% in the first quarter of 2026
According to figures reported by Ecopetrol this Tuesday, May 12, the company registered a 7.7% drop in its net profits during the first quarter of 2026. This indicator stood at $2.8 trillion, compared to the $3.1 trillion reported in the same period of 2025.
TL;DR
- Ecopetrol's net profits decreased by 7.7% in the first quarter of 2026.
- Net profits were $2.8 trillion, down from $3.1 trillion in the first quarter of 2025.
- Factors contributing to the drop include a weaker exchange rate, lower sales volumes, and higher taxes.
- Increased tax burden was specifically due to wealth tax and income tax surcharges.