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Ecopetrol Announces Its Results for the Second Quarter of 2013
  • Financial results were in line with the higher production of heavy crude oil, lower international prices of hydrocarbons and expected increase in costs.
  • In the first half of 2013, Ecopetrol´s net income was COP$6.7 trillion, and in the second quarter of 2013 it was COP$3.2 trillion.
  • In the first half of 2013 the average production (Ecopetrol S.A. including interests in affiliates and subsidiaries) was 785.1 mboed1, rising 4.3% compared to the first half of 2012. In the second quarter of 2013 the average production was 778.1 mboed, with an increase of 2.1% compared to the second quarter of 2012.

BOGOTA, July 31, 2013. Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) announced today its unaudited financial results, both consolidated and unconsolidated, for the second quarter of 2013, prepared and filed in Colombian pesos (COP$) in accordance with the Public Accountancy Legal Framework (Régimen de Contabilidad Pública, RCP) of Colombia?s General Accounting Office.

Some figures in this release are presented in U.S. dollars (US$) where indicated. The exhibits in this release have been rounded to one decimal place. Figures presented in COP$ billion are equivalent to COP$1 thousand million. Some 2012 figures have been reclassified to be comparable to those of 2013.

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