USO starts mobilizations amid Ecopetrol contract talks

The Unión Sindical Obrera announced mobilization days starting May 20 to back negotiations for a new collective agreement with Ecopetrol. The actions aim to defend decent employment and labor stability.

The USO, led by Martín Ravelo, called on its subdirectives to hold informational rallies, sit-ins, permanent assemblies and turtle plans. These measures respond to the negotiation process covering direct workers and contractors.

The union noted that labor costs represent about 5% of Ecopetrol’s total operational expenses. It stated that payroll does not exceed the company’s cost structure and asked for talks to proceed with a perspective of rights progressivity.

Key focuses include defense of decent employment, conventional guarantees and protection of public assets and energy sovereignty. Ecopetrol reported 2.8 trillion pesos in profits for the first quarter of 2026.

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Illustration of Ecopetrol's Q1 2026 profits with oil facilities, charts, and Colombian elements for a news article.
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Ecopetrol reports $2.8 trillion profit in first quarter

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Colombian state oil company Ecopetrol announced profits of $2.8 trillion and revenues of $28.6 trillion for the first quarter of 2026. Earnings fell 7.7% from the same period in 2025. The Ebitda margin reached 47%.

Ecopetrol and the Unión Sindical Obrera signed a definitive agreement for the new collective labor convention after more than 990 meetings.

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Union Asopetrol warned that Ecopetrol faces financial suffocation from its first-quarter 2026 profit drop. High taxes and peso revaluation were cited as key factors.

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.

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The Confederación General del Trabajo announced a joint action table and a major federal march with other sectors, without setting the date for a national strike against Javier Milei's policies.

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