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Ecopetrol's Q4'18 income slumps 22.8% on year but full-year 2018 income soars

Feb 28, 2019 - SNL Energy Finance Daily

Colombian state-controlled Ecopetrol SA reported late Feb. 26 fourth-quarter 2018 consolidated net income attributable to shareholders was 2.647 trillion Colombian pesos, down 22.8% from the same quarter in 2017.

For the full year 2018, the integrated oil and gas company's consolidated net income attributable to shareholders reached 11.556 trillion pesos, surging 74.6% from 2017 to its highest level in almost five years, the company said.

Ecopetrol's fourth-quarter 2018 EBITDA totale...