Ecopetrol (EC) Falls Following Q3 Results

Core Insights - Ecopetrol S.A. (NYSE:EC) experienced a 5.46% decline in share price from November 19 to November 26, 2025, ranking among the energy stocks that lost the most during that week [1] - The company reported a 30% year-over-year decrease in net profit for Q3, attributed to weaker sales volumes and lower crude prices [2] - Total production volume for the quarter decreased by 0.4% year-over-year to 751 mboed, although it remained close to the top of the annual guidance range [3] Production and Sales Performance - Key production fields in Colombia, such as Caño Sur and CPO-09, along with contributions from the Permian in the United States, supported production levels [3] - Local sales volumes fell by 2.9% year-over-year, while international sales volumes dropped by 12.8% compared to the previous year, primarily due to increased refinery throughput and changes in logistics chain inventories [3] Market Conditions - Global crude oil prices are currently at a one-month low, influenced by potential peace negotiations in the Russia-Ukraine conflict, which could lead to increased supply from Russian oil [4]