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June 21, 2022
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Ecopetrol falls on Wall Street and other energy companies rise

Ecopetrol falls on Wall Street and other energy companies rise

The second electoral round left the candidate Gustavo Petro Urrego as victorious. The market was expectant before this decision and in recent days has shown its reaction.

(Read: Sharp drop in the Stock Market, Ecopetrol drops more than 10%).

In the morning hours of this Tuesday, June 21, the action of Ecopetrol on the New York Stock Exchangewhich is traded through ADRs (American Depositary Receipts), was trading in early trading at US$12.04, down US$1.62, or 11.86%.

However, the other energy companies that are in this market have remained stable and have even shown increases. It is in the case of the Italian company ENI SPA, which is trading at US$25.47 per share, with a gain of 1.15%.

Similarly, Total Energies presents an increase of 3.94% with a negotiation value of US$53,315. Likewise, the Argentine energy company YPF SA registers increases of 2.63%, with a price of $US 3,505.

Added to the list I know Phillips With increases of 4.93%, Chevron Corporation also records gains of 3.68%, EOG of 4.88% and PXD of 6.03%.

In this sense, Ecopetrol is the only energy company on Wall Street that reports large losses on June 21.

(Also: Four Colombian shares fall on the New York Stock Exchange).

In the case of the Colombian Stock Exchange, Ecopetrol and ISA recorded setbacks of 10.25% and 8.8%, respectively.

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