Colombia’s Ecopetrol 2020 net profit falls 87.3%

Colombia’s majority state-run oil company, Ecopetrol, reported its 2020 net profit fell 87.3% to $470,1 million (COP 1,69 trillion) 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.

Source: Reuters