Ecopetrol's Net Profits Deepen Their Fall: Earnings Reduced by Almost 40% in 2025
Ecopetrol's profits plummet in 2025. Photo: El Tiempo Archive
TL;DR
- Net profit decreased by 39.5% to $9 trillion in 2025, compared to $14.9 trillion in 2024.
- Revenues dropped 10.2% from $133.3 trillion to $119.6 trillion.
- EBITDA decreased from $54.1 trillion to $46.6 trillion.
- The fourth quarter of 2025 showed a 60.8% decline in net profit.
- President Ricardo Roa cited Brent price, inflation, exchange rate, new taxes, and logistical issues as impacts.
- Reserve replacement index reached 121% in the hydrocarbons segment.
- Average production was 745 kbd, with national crude production at its highest in five years (517 kbd).
- Four exploratory areas were declared commercially viable: Orca Brasil, Lorito, Toritos, and Saltador.
- The transportation segment expanded pipeline evacuation options by 122 kbd, contributing to a net profit of $5 trillion.
- Refining saw loads of 417 kbd in 2025, with optimized margins.
- Commercialization generated a crude differential of $4.6 per barrel, $2 above 2024 levels.