Ecopetrol Facing Falling Profits, Governance Crisis As Profits Plunge While Colombia’s President Intervenes To Block ...
Ecopetrol (NYSE: EC), Colombia’s state-owned oil company, announced a significant decrease in its second-quarter 2024 financial performance. The company’s net profit dropped by 17.4% to 4.22 trillion pesos ($1.08 billion), attributed to a decline in oil …