CODuring Gustavo Petro's presidency, Ecopetrol has experienced declining profits, dropping from a historic high of 33.4 trillion pesos in 2022 to 9 billion pesos in 2025. Juan Carlos Hurtado, the company’s acting president, attributes this decline to factors such as falling crude oil prices, inflationary pressures, and currency fluctuations. The company faces challenges due to geopolitical tensions in the Middle East, particularly around the Strait of Hormuz, which affects global oil supply and pricing. While oil prices fluctuated between $80 and $100 per barrel during periods of heightened conflict, they fell after agreements were announced but have since risen again. Hurtado notes that while high oil prices are beneficial, the weak dollar complicates financial planning. Ecopetrol had initially projected higher oil prices and a stronger peso, but these expectations have been disrupted by recent developments.
Bias read (Center): The article presents a balanced overview of Ecopetrol's financial performance under President Petro, discussing both internal and external economic factors affecting the company. It includes quotes from company executives and references to geopolitical events without overtly favoring any political立场
