Ecopetrol, Colombia's largest oil company, saw profits of up 3 trillion pesos during the first quarter.

Ecopetrol, the state-owned energy company in Colombia, estimates a first-quarter net profit between $563.1 and $844.7 millions (between 2 to 3 trillion?pesos).

The state oil company is expected to generate between?27 trillion and?30 trillion pesos in revenue between January and March of this year.

Ecopetrol has released an update on its website that estimates production for the first three months to have been between 715, 000 and 730,000 barrels per day.

Ecopetrol did not give a change in percentage from its previous projections, but the new figures are comparable to the net?profits of 1.52 trillion dollars that it reported the quarter before and 3.12 trillion dollars a year ago?in the 1st quarter of 2025.

The company anticipates that earnings before interest, taxes, depreciation and amortization (EBITDA), will?land somewhere between 12 and 14 trillion Pesos during the first quarter.

Ecopetrol will release its financial results for 2025 in the first week of may.

(source: Reuters)