Ecopetrol files its Form 20-F for the Fiscal Year 2024

Rhea-AI Summary

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.

Positive

• Controls over 60% of Colombia's hydrocarbon production and logistics
• Diverse international presence in strategic oil basins across Americas
• Strong market position through 51.4% ownership of ISA in energy transmission

Negative

• None.

BOGOTA, Colombia, April 24, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs the filing of its annual report under Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (the "SEC").

With the filing of its annual report under Form 20-F, the Company complies with its reporting obligations with the SEC, the New York Stock Exchange (NYSE), bondholders, and investors.

The annual report includes, among others, the financial statements of Ecopetrol in accordance with International Financial Reporting Standards (IFRS) as adopted by the International Accounting Standards Board that were audited and certified in compliance with internal control over financial reporting by the Independent Registered Public Accounting Firm Ernst & Young Audit S.A.S. for the years 2022, 2023 and 2024.

The 2024 Form 20-F can be found at the following link:

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001444406/000141057825000839/ec-20241231x20f.htm

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:https://www.prnewswire.com/news-releases/ecopetrol-files-its-form-20-f-for-the-fiscal-year-2024-302437465.html

SOURCE Ecopetrol S.A.

FAQ

What did Ecopetrol (EC) include in its 2024 Form 20-F filing?

Ecopetrol's 2024 Form 20-F filing included IFRS-compliant financial statements audited by Ernst & Young for 2022-2024, along with internal control certifications and comprehensive company information.

What percentage of Colombia's hydrocarbon production does Ecopetrol control?

Ecopetrol controls more than 60% of Colombia's hydrocarbon production, transportation, logistics, and refining systems.

Where does Ecopetrol (EC) conduct its international drilling operations?

Ecopetrol conducts drilling and exploration operations in the United States (Permian basin and Gulf of Mexico), Brazil, and Mexico.

What is Ecopetrol's ownership stake in ISA and what does it provide?

Ecopetrol owns 51.4% of ISA, providing positions in energy transmission across Brazil, Chile, Peru, and Bolivia, plus road concessions in Chile and telecommunications operations.