Ecopetrol Publishes Periodic Year-End Report for 2024

Rhea-AI Summary

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.

Positive

• Controls over 60% of Colombia's hydrocarbon production and infrastructure
• Strategic diversification through 51.4% ISA ownership in power transmission
• Strong international presence in key American oil basins
• Diverse portfolio including petrochemicals, gas distribution, and infrastructure

Negative

• None.

BOGOTA, Colombia, April 22, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) has published the periodic year-end report for 2024, which contains sections related to company practices, policies, processes and indicators in connection with social and environmental matters, including climate issues.  This report was published pursuant to External Circulars 012 of 2022 and 031 of 2021, both issued by the Financial Superintendence of Colombia (Superintendencia Financiera de Colombia).

Ecopetrol has also published the legal representative letter certifying that the financial statements and other relevant reports to the public do not contain inaccuracies or errors that prevent the true financial situation or operations of Ecopetrol S.A. from being known.

The report and the legal representative letter can be consulted in Spanish in the following link:

https://www.ecopetrol.com.co/wps/portal/Home/es/Inversionistas/InformacionFinanciera/Informacionrelevante 

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

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SOURCE Ecopetrol S.A.

FAQ

What key information does Ecopetrol's (EC) 2024 year-end report contain?

The report covers company practices, policies, processes, and indicators related to social and environmental matters, including climate issues, in compliance with Colombian regulatory requirements.

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

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

Where are Ecopetrol's (EC) international drilling operations located?

Ecopetrol operates internationally in the US Permian basin, Gulf of Mexico, Brazil, and Mexico.

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

Ecopetrol owns 51.4% of ISA, which includes power transmission operations in Brazil, Chile, Peru, and Bolivia, Chilean road concessions, and telecommunications sector presence.