The financials
Ecopetrol S.A. by the numbers
Ecopetrol S.A. (EC) reported revenue of COP 69.40T in H2 2024 (quarter ended December 31, 2024), down 5.2% from the same quarter a year earlier. That came with a gross margin of 33% and net income of COP 7.20T (10% of revenue). For the full year FY2024, revenue was COP 133.33T (−6.9% year on year) and net income COP 13.84T.
| Income statement | H2 2024 | H1 2023 | Change |
|---|---|---|---|
| Revenue | COP 69.40T | COP 73.22T | −5.2% |
| Gross profit | COP 22.56T | COP 28.96T | −22% |
| Operating income | COP 19.13T | COP 24.29T | −21% |
| Net income | COP 7.20T | COP 11.93T | −40% |
| Diluted EPS | COP 175.10 | COP 290.20 | −40% |
Oil & Gas Integrated
Ranks #10 of 13 by Smart Score