Colombia's Ecopetrol says third quarter profit rose 8.5% to $890 bln

Credit: REUTERS/LUISA GONZALEZ

BOGOTA, Oct 29 (Reuters) - Colombia's state-run oil company Ecopetrol ECO.CN said on Tuesday its third quarter net profit rose 8.5% to 3.01 trillion pesos ($890 billion) from the year-ago quarter.

Ecopetrol has said it will invest $3.5 billion to $4 billion in 2019, more than the previous year, as part of an ambitious plan to boost production and exploration to replenish dwindling oil reserves.

(Reporting by Julia Symmes Cobb Editing by Chris Reese)

((julia.cobb@thomsonreuters.com; +57-316-389-7187))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.