Ecopeetrol in Colombia sees a significant decrease in profit in the second quarter of 2025

The company’s total production saw a marginal decrease on an annual basis of 0.5 %, with an average of 755,500BoePD. Credit: Anamaria Mejia/Shutterstock.com.

ECOPETROL in Colombia has announced a 46 % decrease in net profit for the second quarter (Q2) due to low global oil prices and a slight decrease in production.

The company’s net profit decreased to about $ 450 million (1.81trn Peso), a decrease from the equivalent of 840 million dollars, with a decrease in total sales by 9 % to about 7.4 billion dollars, Reuters.

The CEO of Ecopetrol, Ricardo ROA, used AA press conference to highlight many operational challenges.

“We were subjected to fuel, attacks, and thefts that prevented us from working, and we have also seen a significant decrease in the folders carried by third parties through our transportation assets,” Roa quoted as saying.

These disturbances, along with new taxes and inflation, have multiplied the effect of low oil prices on the company’s financial performance.

The company’s total production saw a marginal decrease on an annual basis of 0.5 %, with an average of 755500 barrels of oil equivalent daily (BOEPD).

Moreover, profits before interest, taxes, depreciation and firefighting decreased by 21 % to about $ 2.78 billion.

Despite the shrinkage, Ecopeetrol maintained significant investments, as about $ 2.58 billion has been allocated to exploration and production projects within Colombia and in international projects in Brazil and the United States.

As of the end of June, the company completed the dug of six out of ten exploratory wells for this year.

The oil sector worldwide was moving through prices fluctuation, partly due to the increase in OPEC+ production, which contributed to a 11 % decrease in Brent crude prices over a quarter.

The average Brent crude prices reached $ 67 a barrel (BBL) in the second quarter, a decrease of $ 75/BBL in the previous three months and $ 85/BBL in the same period last year.

In contrast to the performance of Ecopeetrol, Pemex from Mexico and Brazil Petrobras managed to spread profits despite the difficult market conditions.

Meanwhile, Ecopeetrol announced plans for Continue digging natural gas In the Colombian Caribbean region, it aims to meet the increasing demand for domestic demand and benefit from its reserve capabilities, despite the latter of Shell from three external blocks.