Colombia's Ecopetrol Maintains Solid Operations in Q1 Despite Lower Net Income

May 8, 2025--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Ecopetrol (Bogota, Colombia) recorded a net income of 3.1 trillion Colombian pesos (about US$719 million) during first-quarter 2025, which represents a yearly drop of 22.1%. Oil and fuel sales revenues were flat compared to last year, though lower Brent prices negatively impacted the company, even with profiting from a higher average exchange rate. Global geopolitical challenges, including U.S. tariffs and China's economic slowdown, have impacted international markets and oil prices, adding to Ecopetrol's challenges during Q1.