Colombia’s Ecopetrol 2020 net profit falls 87.3%

RIO DE JANEIRO, BRAZIL – Colombia’s majority state-run oil company, Ecopetrol, on Tuesday reported its 2020 net profit fell 87.3% to 1.69 trillion pesos (US$470.1 million) versus the previous year.

The company’s fourth-quarter net profit fell to 675 billion pesos, from 4 trillion pesos in the year-earlier period, the company said in a statement.

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