Three controversies have engulfed Colombia’s state oil company Ecopetrol in recent weeks, involving alleged financial misconduct, irregular financial tracking, and violation of campaign financing laws when Ricardo Roa ran Gustavo Petro’s 2022 election bid.
Colombia’s ongoing fiscal crisis is expected to worsen in 2026 due to a sharp drop in the profits of Ecopetrol, the nation’s most important company. The urgency for cash is so significant that the current administration has introduced a third tax reform bill to Congress.
Ecopetrol (NYSE: EC) closed the third quarter of 2025 with mixed results: profits dropped nearly 30% to CoP$2.5T, reflecting the continued pressure of lower oil prices. But its investment outlook remains the same.
Ecopetrol’s (NYSE: EC) third-quarter results for 2025 confirmed a year marked by financial pressure, but with one standout exception: its Permian operations in the United States.
Ecopetrol published its 3Q25 financial results recently and as might be expected, the headlines screamed that earnings had fallen 28% which, in fact, they had, year-over-year. Sequentially however, they were up 41%. Should Ecopetrol be castigated for the year-over-year, applauded for the sequential growth, both or neither?
Ecopetrol’s (NYSE: ECP) official stance on the future of its Permian asset lasted only a few days before being publicly contradicted by Colombia’s Ministry of Finance (MinHacienda).
Ecopetrol (NYSE: EC) gained a significant reprieve this week after Colombia’s tax authority ruled out freezing the company’s assets amid a high-stakes dispute over roughly US$3 billion in value-added tax (VAT) charges.
Felipe Bayón, President of GeoPark (NYSE: GPRK), delivered one of the clearest and most urgent warnings heard recently in Colombia’s energy debate: the risk of a national blackout is far from over.
Senior officials from Ecopetrol (NYSE: EC) held an unusual closed-door meeting at the United States Embassy in Bogotá, an encounter that unfolded just as President Gustavo Petro was in Brazil attending COP30. The discreet visit, involving vehicles assigned to high-ranking Ecopetrol staff, immediately raised questions in political and corporate circles.
Ecopetrol (NYSE: EC) announced its third quarter 2025 results, with yet another decrease in key metrics.
2025, Hydrocarbons Colombia, All Rights Reserved.
