Colombian state-owned oil firm Ecopetrol posts 47% drop in net profits. Government owns just over 88% of the company. Government looking to convert Ecopettrol into broader energy company..

Colombias Ecopetrol posts slump in Q3 net profits as oil production grows. Colombias majority state-owned oil firm posts third-quarter net profit that was down 47% from a year earlier. Colombian state-owned oil company Ecopetrol expects production of up to 731,000 barrels of oil equivalent per day (boed) Colombias finance minister says an extraordinary general meeting called by the government, which owns just over 88% of the company, would look to convert Ecopettrol into a broader energy company. Ecopetrol S.A. (NYSE: EC) Q3 2023 Earnings Call Transcript. Colombian state-owned Ecopetrol SA, the largest natural gas producer in the country, is looking to expand output off the Caribbean coast, its top executive said earlier this month. The Global Decarbonisation Alliance, spearheaded by al-Jaber, aims to involve national oil companies, including Saudi Aramco and Colombias. Ecopetrols third quarter results: profits plunge 46.5% - breaking latest news. Ecopetsrol has opened a trading firm in the USA.