Ecopetrol sees Q4 net profit jump nearly tenfold

Reporting by Noe Torres and Kylie Madry, Reuters

MEXICO CITY
EnergiesNet.com 03 02 2022

, March 1 (Reuters) – Colombia’s majority state-run oil company Ecopetrol (ECO.CN) on Tuesday posted a nearly tenfold increase in fourth-quarter net profit, rising to 6.08 trillion pesos ($1.6 billion), from 675 billion pesos in the year-earlier period.

The company’s full-year 2021 net profit soared to 16.7 trillion pesos, beating the Refinitiv estimate of 15.9 trillion pesos.

($1 = 3,910.28 Colombian pesos)

v from Reuters.

reuters.com 03 01 2022

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