Colombia's economy has been hit by protests
Ecopetrol thrives despite civil turmoil
The company’s balance sheet benefitted from the commodity price upsurge in Q2, helping offset production outages
Colombian NOC Ecopetrol exited Q2 posting $951mn in net income, an impressive $947mn increase over the same quarter the previous year, despite national protests and blockades disrupting operations and causing significant financial losses. Sales revenues were up by 56pc over the same quarter in 2020 as healthy commodity prices helped make up for a slight drop in production. Total output fell by 2.5pc year on year, mainly due to the widespread social unrest, which Ecopetrol estimates cost the company $71.5mn in net income. “The result for the second quarter of 2021 is the best ever recorded in the history of the Ecopetrol Group, with consolidated revenue of COP19.4tn ($4.97bn), an Ebitda of C
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
