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Ecopetrol S.A. - EC STOCK NEWS

Welcome to our dedicated page for Ecopetrol S.A. news (Ticker: EC), a resource for investors and traders seeking the latest updates and insights on Ecopetrol S.A. stock.

Ecopetrol S.A. (NYSE: EC) is Colombia's largest and primary petroleum company, actively engaged in a diverse set of commercial and industrial activities within the energy sector. With operations spanning across the exploration, production, refining, and marketing of hydrocarbons, Ecopetrol also delves into the electric power transmission, road infrastructure projects, and telecommunications services. The company operates through four key business segments: Exploration and Production, Transport and Logistics, Refining and Petrochemical, and Electric Power Transmission and Toll Roads Concessions. The majority of its revenue is generated from the Refining and Petrochemical segment.

Founded as Empresa Colombiana de Petróleos S.A., Ecopetrol stands as a vital entity in Colombia's economy, responsible for over 60% of the nation's hydrocarbon production. Their influence extends to various international markets through strategic drilling and exploration operations in the United States, Brazil, and Mexico. The acquisition of a 51.4% stake in ISA has diversified Ecopetrol's operations into energy transmission and road concessions across several South American countries, including Chile, Peru, and Bolivia.

Recent developments include the approval of a financial restructuring plan for Chicago Bridge & Iron Company N.V. (

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FAQ

What does Ecopetrol S.A. do?

Ecopetrol S.A. is engaged in the exploration, production, refining, transportation, and marketing of hydrocarbons and their derivatives. The company also focuses on electric power transmission, road infrastructure projects, and telecommunications services.

What are the key business segments of Ecopetrol?

Ecopetrol operates through four main business segments: Exploration and Production, Transport and Logistics, Refining and Petrochemical, and Electric Power Transmission and Toll Roads Concessions.

How did Ecopetrol perform financially in the first quarter of 2024?

Ecopetrol reported a revenue of COP 31.3 trillion and a net profit of COP 4.0 trillion for the first quarter of 2024, showcasing its operational resilience despite global economic challenges.

What recent achievements has Ecopetrol made?

Recent achievements include the approval of a financial restructuring plan for CB&I N.V. and the distribution of dividends approved at the General Ordinary Shareholders' Meeting.

What initiatives is Ecopetrol undertaking to promote sustainability?

Ecopetrol is committed to sustainability, reflected in its reductions in greenhouse gas emissions and the launch of the first solar farm in a refinery in Latin America.

What international operations does Ecopetrol have?

Ecopetrol has strategic drilling and exploration operations in the United States, Brazil, and Mexico, and through its subsidiary ISA, it engages in power transmission and road concessions in several South American countries.

How many employees does Ecopetrol have?

Ecopetrol employs over 18,000 talented individuals.

What is the significance of Ecopetrol's acquisition of ISA?

The acquisition of a 51.4% stake in ISA has diversified Ecopetrol's operations into energy transmission and road concessions across several South American countries.

Who can I contact for more information about Ecopetrol?

For more information, you can contact Carolina Tovar Aragón, Head of Capital Markets, at investors@ecopetrol.com.co, or Marcela Ulloa, Head of Corporate Communications, at marcela.ulloa@ecopetrol.com.co.

What role does Ecopetrol play in Colombia's energy sector?

Ecopetrol is responsible for over 60% of Colombia's hydrocarbon production and plays a leading role in the nation's transportation, logistics, and refining systems.

Ecopetrol S.A.

NYSE:EC

EC Rankings

EC Stock Data

22.35B
41.12B
1.72%
0.48%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Bogotá