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Ecopetrol SA - EC STOCK NEWS

Welcome to our dedicated news page for Ecopetrol SA (Ticker: EC), a resource for investors and traders seeking the latest updates and insights on Ecopetrol SA.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ecopetrol SA's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ecopetrol SA's position in the market.

Rhea-AI Summary
Ecopetrol S.A. announces the publication of its financial statements for December 2023, complying with Colombian regulations. Ecopetrol is a major energy company in Colombia with significant operations in hydrocarbon production, transportation, logistics, refining, and international ventures in the Americas.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.5%
Tags
none
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Rhea-AI Summary
Ecopetrol S.A. shareholders approved a dividend distribution of COP $312 per share during the General Ordinary Shareholders' Meeting. The company is a major player in Colombia's energy sector, with significant operations domestically and internationally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.04%
Tags
dividends earnings
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Rhea-AI Summary
Ecopetrol S.A. held its General Shareholders' Meeting with high approval rates for various proposals. The shareholders voted overwhelmingly in favor of the agenda, appointment of key positions, and reports presented.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.04%
Tags
none
Rhea-AI Summary
Ecopetrol S.A. announces the approval of the financial restructuring plan for Refinería de Cartagena S.A.S. by the District Court of Amsterdam, involving convertible preferred shares from McDermott International Ecopetrol asserts its rights and those of Colombia, showcasing its significant presence in the energy sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.83%
Tags
none
-
Rhea-AI Summary
Ecopetrol S.A. secures a USD 1,200 million loan for debt management and maturity refinancing strategy, approved by the Ministry of Finance and Public Credit. The loan, with a term of five years, involves multiple lenders and confirms international financial sector support. The company complied with all required procedures to obtain the loan, with terms reviewed and authorized by the MHCP. The agreement outlines events of default, lender recourse, and is governed by New York law. Ecopetrol, a major energy company in Colombia and the Americas, has diverse operations in hydrocarbon production, transportation, logistics, refining, petrochemicals, gas distribution, energy transmission, and exploration in various countries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.09%
Tags
none
-
Rhea-AI Summary
Ecopetrol S.A. nominates Dr. Álvaro Torres Macías as a candidate for the Board of Directors. The company, a major energy player in Colombia and the American continent, operates in various segments including hydrocarbon production, transportation, logistics, and petrochemicals. With recent acquisitions and international operations, Ecopetrol continues to expand its presence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.57%
Tags
management
Rhea-AI Summary
Ecopetrol S.A. announces the nomination of Dr. Juan José Echavarría Soto as a candidate for the Board of Directors. The company, a major energy player in Colombia and the American continent, boasts a significant market presence and diverse operations. Ecopetrol's recent acquisition of ISA's shares further strengthens its position in energy transmission and infrastructure development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.57%
Tags
management
-
Rhea-AI Summary
Ecopetrol reported a positive net incorporation of 119 MBPE in 2023, with a 43% increase in organic incorporation compared to 2022. The Reserve Replacement Ratio was 48%, with 7.6 years average reserve life. 89% of reserves are in Colombia, and 11% in the US.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.91%
Tags
none
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News
Rhea-AI Summary
Ecopetrol S.A. achieved the second-best financial results in its history in 2023 despite challenges like lower oil prices, inflation, and higher taxes. The company capitalized on OPEC+ cuts and strong refined product differentials. They reported a net profit of COP 19.1 trillion, an EBITDA of COP 60.7 trillion, and an EBITDA margin of 42%. Key achievements include record production, transport volumes, and refining throughput. In 2023, they issued international bonds, transferred COP 58 trillion to the Nation, and maintained a strong financial position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.91%
Tags
earnings
Rhea-AI Summary
Ecopetrol S.A. proposes the distribution of 2023 earnings, with a net income of COP 19.06 trillion. The proposal includes an ordinary dividend of COP 278 per share and an extraordinary dividend of COP 34 per share, totaling COP 312 per share. The company plans to pay dividends in three installments to minority shareholders and in full to the majority shareholder by December 31, 2024. Additionally, an occasional reserve of COP 11.99 trillion is allocated to enhance financial sustainability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.91%
Tags
earnings
Ecopetrol SA

NYSE:EC

EC Rankings

EC Stock Data

24.34B
4.68B
1.81%
0.4%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
Colombia
Bogotá

About EC

Ecopetrol, formerly known as Empresa Colombiana de Petróleos S.A. is the largest and primary petroleum company in Colombia.