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Stock impact report

Ecopetrol announced today the financial results of the Ecopetrol Group for the first quarter of 2024 [Yahoo! Finance]

Ecopetrol S.A. American Depositary Shares (EC) 
Company Research Source: Yahoo! Finance
the "Group") announced today the financial results of the Ecopetrol Group for the first quarter of 2024, prepared in accordance with International Financial Reporting Standards applicable in Colombia We began 2024 with outcomes that highlight our operational prowess and our initiatives to achieve a fair energy transition. During the 1Q24, we navigated an environment impacted by exogenous variables, with increased energy costs, inflationary pressures, the revaluation of the Colombian peso, and lower prices for refined products. Despite these challenges, the Ecopetrol Group was able to maintain operational resilience thanks to market diversification, efficiency maximization, and the application of planning, optimization, and cost-saving measures in our operations, thus achieving favorable results and generating a competitive level of profitability in the industry. For the first quarter of the year, we recorded COP 31.3 trillion in revenue, an EBITDA of COP 14.2 trillion , a net pr Show less Read more
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