BOGOTA, Aug 13 (Reuters) - Colombia's majority

state-owned oil company Ecopetrol on Tuesday reported a

17% fall in second-quarter net profit, citing market conditions.

Ecopetrol's net profit for the three months to June 30 stood

at 3.38 trillion pesos ($830.9 million), the company said in a

quarterly earnings report. First-half net profit fell 24% to

7.39 trillion pesos, versus 9.75 trillion pesos in the first six

months of 2023.

"Ecopetrol faced a challenging environment, which remains

impacted by various outside variables, such as the revaluation

of the Colombian peso and inflationary pressures," Chief

Executive Ricardo Roa said in the report.

Mexico's Pemex last month reported a swing to

a net loss of $14 billion, while Brazil's Petrobras

reported its first quarterly loss since the third quarter of

2020 - which came in at $470 million - due to a non-recurring

tax charge.

The Bogota-based company's total sales for the quarter

fell 4.9% to 32.63 trillion pesos during the April to June

period, it said.

($1 = 4,063.26 Colombian pesos)