Ecopetrol Business Group Announces Second Quarter 2020 Results and the update of its Business Plan 2020-2022

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Ecopetrol S.A. (EC) Reports Q2 Revenues of CLP8.44B

August 4, 2020 7:01 AM EDT

Ecopetrol S.A. (NYSE: EC) reported Q2 revenue for the quarter came in at CLP8.44 billion.

In words of Felipe Bayón Pardo, CEO of Ecopetrol:

"In line with the guidance announced at the end of the first quarter, results for the second quarter reflect the impact of the unprecedented situation caused by the global spread of COVID-19. April reported the worst performance of crude prices since the beginning of the crisis. The inventory build-up and the contraction in demand as a result of the lockdown measures implemented worldwide led to a 38%... More