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.