Ecopetrol S.A. Announces the Formalization of the Bylaws Amendment Approved by the General Shareholders' Meeting

Rhea-AI Summary

Ecopetrol (NYSE:EC) registered the amendment to its Bylaws with the Bogotá Chamber of Commerce, formalizing changes approved by the General Shareholders' Meeting on November 11, 2025 and included in Public Deed No. 2670 of April 21, 2026.

The amendment text is available through a public SEC link.

News Market Reaction – EC

+2.27%

+2.27% Session close to close

In the May 12 session, EC gained 2.27%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement formalizes a previously approved amendment to Ecopetrol’s Bylaws, extending a sequ...

Analysis

This announcement formalizes a previously approved amendment to Ecopetrol’s Bylaws, extending a sequence of governance and disclosure actions that included its 2025 Year‑End Periodic Report and Form 20‑F. The company remains Colombia’s largest integrated energy player, with more than 19,000 employees and a 51.4% stake in ISA. Investors may track how future filings, credit rating developments, and execution on strategic transactions such as Brava Energia interact with Ecopetrol’s position relative to its 52-week range and long-term strategy.

Key Figures

Employees: more than 19,000 employees Hydrocarbon production share: more than 60% Stake in ISA: 51.4% +5 more

8 metrics

Employees more than 19,000 employees Company description in bylaws amendment release

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

Stake in ISA 51.4% Equity stake acquired in ISA’s shares

Share price $12.80 Pre‑news current price for EC

52-week high $15.62 EC 52-week high level

52-week low $8.095 EC 52-week low level

Market capitalization $25,985,751,050 Pre‑news market cap

Bylaws amendment approval date November 11, 2025 Date shareholders approved bylaws amendment

Historical Context

5 past events · Latest: May 06 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 06	Year-end report filed	Neutral	-5.9%	Publication of 2025 integrated year-end report under Colombian regulations.
May 06	Credit rating downgrade	Negative	-5.9%	Moody’s downgrade of global rating to Ba2 with negative outlook.
Apr 30	Form 20-F filing	Neutral	-1.7%	Annual Form 20‑F filed with audited IFRS statements and business review.
Apr 28	Earnings schedule	Neutral	-1.4%	Announcement of Q1 2026 earnings release and conference call dates.
Apr 23	Brazil acquisition deal	Positive	+0.8%	Agreement to acquire major stake in Brava Energia and launch tender offer.

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

Pattern Detected

Recent history shows negative price reactions to neutral disclosure/filing news and alignment with clearly negative (rating downgrade) or strategic (M&A) announcements.

Recent Company History

Over recent months, Ecopetrol has focused on regulatory and disclosure milestones, including its 2025 Year‑End Periodic Report and Form 20‑F filing, alongside credit rating actions from Moody’s and S&P. It also announced a planned acquisition of a significant stake in Brava Energia, adding reserves and production. Many neutral reporting updates were followed by modest declines, while the rating downgrade and M&A announcement produced price moves that aligned with their respective negative and strategic nature. Today’s bylaws formalization fits this stream of governance and reporting developments.

Key Terms

bylaws, general shareholders' meeting, forward-looking statements, section 21e of the u.s. securities exchange act of 1934

4 terms

bylaws regulatory

"registered with the Bogotá Chamber of Commerce the amendment to its Bylaws, as approved"

Corporate bylaws are a company's internal rulebook that explains how the business is run day to day — who makes decisions, how directors and officers are chosen, how shareholder meetings are conducted, and procedures for changes or conflicts. For investors, bylaws matter because they shape governance and control, influence how quickly and easily leadership or strategy can change, and can protect or limit shareholder rights much like house rules affect how a household operates.

general shareholders' meeting regulatory

"amendment to its Bylaws, as approved by the Company's General Shareholders' Meeting on November 11"

A general shareholders' meeting is a formal gathering of a company’s owners (shareholders) where management and the board report on performance, present proposals, elect directors and ask shareholders to approve key decisions. For investors it’s the main chance to ask questions, vote on pay, strategy or major transactions and influence corporate governance—like a town hall where owners decide how their investment is run; outcomes can change confidence in the company and affect the stock price.

forward-looking statements regulatory

"This release contains statements that may be considered forward-looking statements within the meaning of Section 27A"

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.

section 21e of the u.s. securities exchange act of 1934 regulatory

"and Section 21E of the U.S. Securities Exchange Act of 1934, as amended"

Section 21E of the U.S. Securities Exchange Act of 1934 is a legal safe harbor that shields companies and certain spokespeople from liability for forward-looking statements—predictions, plans, or projections—so long as those statements are identified as forward-looking and accompanied by meaningful cautionary language about risks and uncertainties. For investors, it matters because it clarifies that such statements are not guarantees; think of them like a weather forecast with a disclaimer: useful for planning but not a promise.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BOGOTA, Colombia, May 11, 2026 /PRNewswire/ --  Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) hereby announces that it has duly registered with the Bogotá Chamber of Commerce the amendment to its Bylaws, as approved by the Company's General Shareholders' Meeting on November 11, 2025, and as set forth in Public Deed No. 2670, dated April 21, 2026, granted by the 32nd Notary Office of the Bogotá D.C. Circuit.

The content of the amendment was previously disclosed to the market and can be reviewed at the following link:

https://www.sec.gov/Archives/edgar/data/1444406/000129281425003910/ex99-1.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: 

Investor Relations Office
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-sa-announces-the-formalization-of-the-bylaws-amendment-approved-by-the-general-shareholders-meeting-302768725.html

SOURCE Ecopetrol S.A.

FAQ

What bylaws change did Ecopetrol (NYSE:EC) formalize on May 11, 2026?

Ecopetrol formalized the registration of an amendment to its Bylaws with the Bogotá Chamber of Commerce. According to Ecopetrol, this amendment reflects changes approved by the General Shareholders' Meeting held on November 11, 2025 and documented in Public Deed No. 2670.

When was Ecopetrol's bylaws amendment approved by shareholders (NYSE:EC)?

Ecopetrol’s bylaws amendment was approved at the General Shareholders' Meeting on November 11, 2025. According to Ecopetrol, the amendment was later documented in Public Deed No. 2670 dated April 21, 2026 and registered with the Bogotá Chamber of Commerce.

Where can investors read the Ecopetrol (EC) bylaws amendment text?

Investors can review the full text of Ecopetrol’s bylaws amendment via a public link hosted on the SEC website. According to Ecopetrol, this link provides the previously disclosed amendment content for market participants to analyze in detail.

Does the Ecopetrol (NYSE:EC) bylaws amendment affect its international operations?

The announcement does not specify operational changes from the bylaws amendment for Ecopetrol’s international business. According to Ecopetrol, the company continues to operate across oil, gas, petrochemicals, energy transmission, road concessions, and telecommunications in Colombia and several countries in the Americas.

What businesses and regions are part of Ecopetrol's (EC) current operations?

Ecopetrol operates in hydrocarbon production, transportation, refining, petrochemicals, gas distribution, and energy transmission. According to Ecopetrol, it has activities in Colombia, the United States (Permian and Gulf of Mexico), Brazil, Mexico, Chile, Peru, Bolivia, and road and telecom concessions through ISA.

How significant is Ecopetrol's role in Colombia's energy sector (NYSE:EC)?

Ecopetrol is described as Colombia's largest company and a major integrated energy player in the Americas. According to Ecopetrol, it is responsible for more than 60% of Colombia’s hydrocarbon production and operates most transportation, logistics, and hydrocarbon refining systems in the country.