BOGOTA, Nov 13 (Reuters) - Colombia's state oil producer Ecopetrol on Thursday (ECO.CN) , opens new tab reported a 30% drop in net profit in the third quarter from a year earlier, citing weaker sales volumes and lower crude prices.

Net profit landed at 2.56 trillion pesos ($689 million) from 3.65 trillion pesos in the year-ago period, while total sales also fell around 14% to 29.84 trillion pesos.

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Production slipped 0.4% to 751,500 barrels of oil equivalent per day compared with the same period in 2024.

Ecopetrol said it completed its plan to drill 10 exploratory wells in the first nine months of the year.

"Ten exploratory wells have been drilled: Eight wells were drilled by Ecopetrol and its subsidiary Hocol in conjunction with its partners, and two were drilled on a risk-only basis by our partners," the company said in a statement.

"The results achieved during this period place us in a strong position to meet our operational and financial goals set for 2025," CEO Ricardo Roa added.

($1= 3,719.71 Colombian pesos)

https://www.reuters.com/business/energy/colombias-ecopetrol-posts-q3-profit-drop-30-2025-11-13/