Ecopetrol Comments on Recent News Reports on a Potential Transaction

Rhea-AI Summary

Ecopetrol (NYSE: EC) said it is evaluating inorganic growth opportunities in Brazil but that assessments remain preliminary and there are no binding commitments or obligations as of Dec. 29, 2025.

The company said it already has operations in Brazil and will disclose any material decisions to the market in accordance with applicable regulations.

Background: Ecopetrol is Colombia's largest energy company, with over 19,000 employees and stakes across hydrocarbons, refining, petrochemicals, gas distribution, transmission (ISA) and international drilling.

News Market Reaction – EC

+1.55%

1 alert

+1.55% News Effect

On the day this news was published, EC gained 1.55%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Employees: more than 19,000 Hydrocarbon production share: more than 60% ISA ownership stake: 51.4% +1 more

4 metrics

Employees more than 19,000 Company workforce as described in profile section

Hydrocarbon production share more than 60% Share of Colombia’s hydrocarbon production attributed to Ecopetrol

ISA ownership stake 51.4% Stake acquired in ISA’s shares extending power transmission presence

Section reference Section 27A and Section 21E U.S. Securities and Exchange Acts forward-looking statement provisions

Market Reality Check

Price: $13.95 Vol: Volume 1,310,413 is below...

normal vol

$13.95 Last Close

Volume Volume 1,310,413 is below the 20-day average of 1,766,414 ahead of this clarification release. normal

Technical Price 9.69 is trading above the 200-day MA of 9.18 and about 12% below the 52-week high.

Peers on Argus

Energy peers show small, mixed moves (e.g., PBR +0.35%, CVE +0.24%, SU -0.30%), ...

Energy peers show small, mixed moves (e.g., PBR +0.35%, CVE +0.24%, SU -0.30%), suggesting stock-specific factors matter more than a broad sector trend.

Historical Context

5 past events · Latest: Dec 11 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 11	Board committees update	Neutral	-0.8%	Board restructured supporting committees after two director resignations.
Nov 28	Renewables acquisition talks	Positive	+1.3%	Negotiations to buy solar companies totaling up to 88.2 MWp capacity.
Nov 28	Board leadership change	Neutral	-0.5%	New chair and vice chair appointed; independent director resignation announced.
Nov 28	2026 investment plan	Neutral	-0.5%	Board approved COP 22–27 trillion 2026 investment plan with energy transition focus.
Nov 18	Management appointment	Neutral	-1.6%	Appointment of Alternate Legal and Commercial Representative by the board.

Pattern Detected

Recent news skewed toward governance and strategic planning has tended to produce modest price moves, with no strong pattern of selling on positive items or rallying on negatives.

Recent Company History

Over the last months, Ecopetrol’s news flow featured board and management changes, a sizeable 2026 investment plan, and a potential solar acquisition supporting its 2040 Strategy. Governance updates on Nov 18, Nov 28, and Dec 10–11, 2025 brought mild negative reactions. The announced negotiations for up to 88.2 MWp of solar projects on Nov 28 saw a small positive move. Today’s clarification about preliminary Brazilian acquisition assessments fits within this governance and strategy narrative.

Market Pulse Summary

This announcement clarifies that Ecopetrol’s potential Brazilian acquisition remains at a preliminar...

Analysis

This announcement clarifies that Ecopetrol’s potential Brazilian acquisition remains at a preliminary assessment stage with no binding commitments, reducing speculation around imminent large-scale transactions. It reiterates Ecopetrol’s role as Colombia’s largest energy company, responsible for more than 60% of national hydrocarbon production and holding a 51.4% stake in ISA. Investors may watch for future disclosures of material decisions, especially around international expansion and capital allocation discipline.

Key Terms

forward-looking statements

1 terms

forward-looking statements regulatory

"This release contains statements that may be considered forward-looking statements within the meaning"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. Not financial advice.

BOGOTA, Colombia, Dec. 29, 2025 /PRNewswire/ -- Given recent news reports about a potential acquisition in Brazil by Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or "we"), we would like to clarify that, Ecopetrol continuously assesses inorganic growth opportunities as part of its strategy for growth and diversification.

While Ecopetrol is currently assessing alternatives in the Brazilian market where the Ecopetrol Group is already present, these assessments are still in preliminary stages in accordance with standard market practices. As of today, there are no binding commitments or obligations to finalize any potential transactions that would warrant disclosure as material information.

Should decisions arise that require the release of material information to the public regarding this or any other opportunity, Ecopetrol expects to disclose these to the market in accordance with applicable regulations.

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Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. 

This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. 

For more information, please contact: 

Head of Capital Markets
Carolina Tovar Aragón
Email: investors@ecopetrol.com.co 

Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ecopetrol-comments-on-recent-news-reports-on-a-potential-transaction-302650168.html

SOURCE Ecopetrol S.A.

FAQ

What did Ecopetrol (NYSE: EC) announce about a potential Brazil acquisition on Dec. 29, 2025?

Ecopetrol said it is assessing opportunities in Brazil but that reviews are preliminary and no binding commitments exist as of Dec. 29, 2025.

Does Ecopetrol say it has finalized any transaction in Brazil (NYSE: EC)?

No. The company stated there are currently no binding commitments or obligations to finalize any potential transaction.

Will Ecopetrol (NYSE: EC) disclose material developments about a Brazil deal?

Yes. Ecopetrol said it expects to disclose material information to the market if decisions require public release under applicable regulations.

What areas does Ecopetrol operate in that relate to its Brazil presence (NYSE: EC)?

Ecopetrol noted stakes in drilling and exploration in Brazil and positions in power transmission via ISA and subsidiaries.

Who can investors contact for more information about Ecopetrol (NYSE: EC)?

The release lists Head of Capital Markets Carolina Tovar Aragón (investors@ecopetrol.com.co) and Head of Corporate Communications Marcela Ulloa (marcela.ulloa@ecopetrol.com.co).