The state oil company reported profits of 2.88 trillion pesos in the first quarter of 2026, a 7.7% drop from the prior year. Its shares closed down 1.62% and ranked among the ten most devalued of the session.
Ecopetrol released its first-quarter results yesterday. Net income reached 2.88 trillion pesos, below the 3.1 trillion pesos recorded in the same period of 2025. The performance marks the company’s worst start to the year since the pandemic.
The stock reacted with a 1.62% decline and closed at 2,425 pesos. Analysts linked the move to the reported figures and to an electoral trade ahead of the presidential elections scheduled for May 31.
Juan Pablo Viera, CEO of JP Tactical, stated that the market perceives chances of a more pro-market government. This would anticipate renewed oil exploration and reduced political interference.
Despite the decline, Ecopetrol shares remained the most traded of the session.
