Investing.com - Ecopetrol ADR reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ecopetrol ADR announced earnings per share of 4654.16 on revenue of 40,683B. Analysts polled by Investing.com anticipated EPS of 4575.82 on revenue of 38,895.73B.
Ecopetrol ADR shares are down 1.89% from the beginning of the year, still down 46.54% from its 52 week high of 19.81 set on April 18. They are under-performing the EUR/USD which is down 0% from the start of the year.
Ecopetrol ADR follows other major Energy sector earnings this month
Ecopetrol ADR's report follows an earnings beat by Exxon Mobil on July 29, who reported EPS of 4.14 on revenue of 115.68B, compared to forecasts EPS of 3.84 on revenue of 111.3B.
Chevron had beat expectations on July 29 with second quarter EPS of 5.82 on revenue of 68.76B, compared to forecast for EPS of 5.08 on revenue of 58.66B.
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