Ecopetrol Comments on Recent News Reports on a Potential Transaction

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.

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.

Argus Dec 29 session

+1.55% close to close Open Argus

Details

News Market Reaction – EC

On Dec 29, the day this news came out, EC closed 1.55% above the previous close.

Data tracked by StockTitan Argus for the Dec 29 session.

Key Figures

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

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

Historical Context

5 past events · Latest: Dec 11

5 events

1. Dec 11

   Board committees update

   24h Move

   -0.8%

   Board restructured supporting committees after two director resignations.

2. Nov 28

   Renewables acquisition talks

   24h Move

   +1.3%

   Negotiations to buy solar companies totaling up to 88.2 MWp capacity.

3. Nov 28

   Board leadership change

   24h Move

   -0.5%

   New chair and vice chair appointed; independent director resignation announced.

4. Nov 28

   2026 investment plan

   24h Move

   -0.5%

   Board approved COP 22–27 trillion 2026 investment plan with energy transition focus.

5. Nov 18

   Management appointment

   24h Move

   -1.6%

   Appointment of Alternate Legal and Commercial Representative by the board.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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. How Rhea-AI works. Not financial advice.

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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.

------------------------------------- 

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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).