Petro defends Ecopetrol's results and also took shelter in oil prices and their 2025 variation

TL;DR

Ecopetrol's profits fell by 39.5% in 2025, reaching $9 trillion compared to $14.9 trillion in 2024.
Revenue also decreased by 10.2%, from $133.3 trillion to $119.6 trillion.
President Gustavo Petro defended the company's performance, attributing the profit drop to international oil price volatility.
The last quarter of 2025 saw a 60.8% decrease in profits compared to the same period in 2024.
Ecopetrol's president, Ricardo Roa, cited macroeconomic factors like Brent prices, inflation, and exchange rates as contributors to the profit decline.
Petro emphasized that current profits are still higher than in most periods since 2015, thanks to increased extraction.
The president reiterated his view that Ecopetrol should transition towards clean energy and reduce reliance on traditional oil business.

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