Ecopetrol Stock Price, News & Analysis

Ecopetrol (NYSE: EC) has appointed Rodolfo Mario García Paredes as Acting Corporate Compliance Director and Interim Anti-Money Laundering Compliance Officer, effective June 4, 2025. García Paredes, a public management and institutions attorney, brings over 25 years of experience within Ecopetrol's Corporate Legal Vice Presidency. He previously served as Legal Manager of Hydrocarbons and held various senior positions including Legal Advisory Manager for Exploration and Acting Corporate Legal Vice President. Ecopetrol, Colombia's largest company, controls over 60% of the country's hydrocarbon production and holds significant positions in petrochemicals and gas distribution. The company has expanded internationally through its 51.4% stake in ISA and operations in the US Permian basin, Gulf of Mexico, Brazil, and Mexico.

Ecopetrol S.A. (NYSE: EC) has signed an asset purchase agreement with Statkraft to acquire a renewable energy portfolio in Colombia totaling up to 1.3 GW of capacity. The portfolio includes one development company and nine special purpose entities, comprising 614 MW of solar projects and 750 MW of wind projects located across five departments: La Guajira, Sucre, Córdoba, Caldas, and Magdalena.

The acquisition, subject to conditions precedent and legal requirements, aligns with Ecopetrol's 2040 Strategy and its goal to incorporate 900 MW of renewable self-generation capacity by 2025. This move aims to reduce the company's exposure to spot market purchases and diversify its energy matrix while advancing its decarbonization and energy transition objectives.

Ecopetrol has secured authorization from Colombia's Ministry of Finance to execute a $500 million loan agreement with Banco Santander. The five-year loan, governed by New York law, will be indexed to the SOFR rate and is payable at maturity.

The funds will support non-investment expenses and help achieve the company's Gross Debt/EBITDA target for 2025. As Colombia's largest company, Ecopetrol controls over 60% of national hydrocarbon production and holds key positions in petrochemicals and gas distribution.

The company's international presence includes operations in the US Permian Basin, Gulf of Mexico, Brazil, and Mexico. Through its 51.4% stake in ISA, Ecopetrol has expanded into power transmission across Brazil, Chile, Peru, and Bolivia, along with Chilean road concessions and telecommunications.

Ecopetrol (NYSE: EC) has initiated a joint plan to maintain continuity of gas projects in the Southern Caribbean following Shell's withdrawal from offshore assets in the region. The affected areas include Col 5, Purple Angel, and Fuerte Sur blocks, containing gas discoveries Kronos-1, Purple Angel 1, Gorgon 1 and 2, and Glaucus 1.

The company aims to complete the Gorgon development project's maturation and socio-environmental viability by first half of 2029, with production expected to start between 2031 and 2032. Ecopetrol is exploring connection options with the National Transportation System to commercialize Gorgon's gas for national demand.

Despite Shell's exit from these Caribbean projects, both companies remain partners with Total Energies in Brazil's Gato Do Mato field development, with significant resource allocation planned for 2025.

Ecopetrol (NYSE: EC) has announced three key appointments in its senior management team effective May 1, 2025. Julián Fernando Lemos has been appointed as Corporate Vice President of Strategy and New Business, bringing 19 years of leadership experience. Diana Marcela Jiménez will assume the permanent position of Director of Institutional Relations and Communications, leveraging her 20 years of sector experience. Julio César Herrera has been named Vice President of Commercial and Marketing.

Ecopetrol is Colombia's largest company and a major integrated energy player in the Americas, employing over 19,000 people. The company controls more than 60% of Colombia's hydrocarbon production and holds leading positions in petrochemicals and gas distribution. Through its 51.4% ownership in ISA, Ecopetrol has expanded into energy transmission and infrastructure operations across multiple South American countries.

Ecopetrol (NYSE: EC) has announced the filing of its annual report Form 20-F for fiscal year 2024 with the SEC. The filing includes financial statements audited by Ernst & Young Audit S.A.S. for 2022-2024, prepared under IFRS standards.

As Colombia's largest company and a major integrated energy player in the Americas, Ecopetrol controls over 60% of Colombia's hydrocarbon production and logistics. The company maintains significant positions in petrochemicals and gas distribution, while holding a 51.4% stake in ISA for energy transmission operations. Internationally, Ecopetrol operates in strategic basins across the US, Brazil, and Mexico, while also maintaining leading positions in power transmission across several South American countries through ISA.

Ecopetrol (NYSE: EC) has announced key Board of Directors appointments and committee formations. Guillermo García Realpe and Mónica de Greiff Lindo will continue serving as Chairperson and Vice-Chairperson, respectively. The board established six committees:

• Audit and Risk Committee (led by Álvaro Torres Macías)
• Business Committee (led by Mónica de Greiff Lindo)
• Corporate Governance and Sustainability Committee (led by Luis Felipe Henao Cardona)
• Remuneration, Appointments, and Culture Committee (led by Guillermo García Realpe)
• HSE Committee (led by Angela María Robledo Gómez)
• Technology and Innovation Committee (led by Ricardo Rodríguez Yee)

Ecopetrol is Colombia's largest company, controlling over 60% of the country's hydrocarbon production and logistics. The company owns 51.4% of ISA's shares and operates internationally in the US Permian basin, Gulf of Mexico, Brazil, and Mexico, with additional presence in power transmission across South America.

GeoPark (NYSE: GPRK) has announced the appointment of Felipe Bayon as its new Chief Executive Officer and Board member, effective June 1, 2025. Bayon succeeds Andrés Ocampo, who is stepping down for personal reasons after serving as CEO for three years and CFO for over eight years.

Bayon brings over three decades of experience in the oil and gas industry, most notably serving as CEO of Ecopetrol from 2017 to 2023, where he managed 18,000 employees and oversaw production of 700,000 boepd with revenues exceeding $30 billion. His career includes significant achievements at Shell and BP, including leadership of Pan American Energy. At Ecopetrol, he led strategic expansions into the Permian Basin with Oxy, Brazilian ultra-deep water pre-salt operations with Shell, and investments in renewable energies.

Ecopetrol (NYSE: EC) has released its periodic year-end report for 2024, focusing on social and environmental matters, including climate issues. The report complies with External Circulars 012 of 2022 and 031 of 2021 from Colombia's Financial Superintendence.

The company, as Colombia's largest energy , controls over 60% of the nation's hydrocarbon production and leads in petrochemicals and gas distribution. Through its 51.4% ownership of ISA, Ecopetrol has expanded into energy transmission and infrastructure projects. The company maintains international operations in strategic basins across the Americas, including the US Permian basin, Gulf of Mexico, Brazil, and Mexico.

Additionally, through ISA subsidiaries, Ecopetrol holds significant positions in power transmission across Brazil, Chile, Peru, and Bolivia, along with interests in Chilean road concessions and telecommunications.