Ecopetrol 1Q2018 Results Preview

stocks and shares

The revenue trend is due to events external to the oil company's performance. First, blockades by communities in Meta and attacks on the company's infrastructure led to temporary closures in the Castilla, Chichimene, and CPO9 fields, resulting in a reduction of 12 barrels per day. Second, the impact of a 15,9% decrease in international sales is due to lower diesel and gasoline exports due to a commercial strategy focused on allocating more volumes to the domestic market in order to obtain better prices. Finally, the impact is due to the substitution of imports with production from the Cartagena Refinery.See more

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