Results reflect agile crisis response and gradual recovery of activity
Actions
Results reflect agile crisis response and gradual recovery of activity
Dec 30, 2020
The downtrend of profits was reversed. They went from $25 billion in the second quarter of 2020 to $855 billion in the third quarter of 2020.
- Between January and September the net profit already exceeded one billion pesos.
- Ebitda reached $5.3 billion in the third quarter versus $1.9 billion in the second quarter, with a 43% margin, the highest recorded for the year.
- Production gradually recovered. It went from 678 Kbped (thousands of barrels of oil equivalent per day) in the second quarter to 681 Kbped in the third quarter.
- At the end of the third quarter, refinery load recovered by 50% compared to April, the most critical month.
- Demand for products such as gasoline, diesel, airplane gasoline (Jet a-1) increased 110% between April and September.
- The drills in operation went from 2 in April to 10 in September which has allowed to reactivate activities.
- Transported volumes increased by 6% between the second quarter and the third quarter of 2020.
- The price of benchmark Brent crude recovered from US.33.4/bl in the second quarter of 2020 to $US43. 3 / bl in the third quarter of 2020.
- Aid has been delivered to the country for $52 billion of the + + 88 billion committed to support the attention of the pandemic.
- Social-environmental investment reached $192 billion between January and September 2020, up from $60 billion in the same period last year.
- Digital investments reached US.35 million this year and new tools based on artificial intelligence were incorporated.
- From the month of November will begin construction of the Solar Park San Fernando in the Meta.
