Ecopetrol - EC STOCK NEWS

Ecopetrol (NYSE: EC) has published a draft chapter detailing its social and environmental practices, policies, processes, and indicators, including climate-related matters, in compliance with External Circular 031 of 2021 from Colombia's Superintendency of Finance. The document is available in Spanish on Ecopetrol's website.

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 systems. The company maintains significant positions in petrochemicals and gas distribution. Through its 51.4% ownership in ISA, Ecopetrol has expanded into energy transmission and infrastructure management. Internationally, the company operates in strategic basins across the Americas, including the Permian basin and Gulf of Mexico in the US, Brazil, and Mexico.

Ecopetrol (NYSE: EC) announced that minority shareholders have nominated Dr. Luis Felipe Henao Cardona as their candidate to the Board of Directors, following the Nation's declaration as majority shareholder.

Ecopetrol is Colombia's largest company and a major integrated energy player in the Americas, employing over 19,000 people. The company controls more than 60% of Colombia's hydrocarbon production and logistics systems, while maintaining strong positions in petrochemicals and gas distribution. Through its 51.4% ownership in ISA, Ecopetrol has expanded into energy transmission and infrastructure management across multiple South American countries.

The company's operations span strategic basins across the Americas, including the Permian Basin and Gulf of Mexico in the US, as well as Brazil and Mexico. Through ISA, Ecopetrol holds significant positions in power transmission across Brazil, Chile, Peru, and Bolivia, along with interests in road concessions and telecommunications.

Ecopetrol (NYSE: EC) has announced that representatives of hydrocarbon-producing departments have unanimously nominated Dr. Ricardo Rodriguez Yee as their candidate to the Board of Directors. This nomination follows the declaration of the Nation as the majority shareholder.

Ecopetrol stands as Colombia's largest company and a major integrated energy player in the Americas, employing over 19,000 people. The company controls more than 60% of Colombia's hydrocarbon production and leads in petrochemicals and gas distribution. Through its 51.4% ownership in ISA, Ecopetrol has expanded into energy transmission and infrastructure management across multiple South American countries.

The company maintains strategic operations in the United States (Permian basin and Gulf of Mexico), Brazil, and Mexico, while also holding significant positions in power transmission across Brazil, Chile, Peru, and Bolivia through ISA and its subsidiaries.

Ecopetrol (NYSE: EC) announced a change in its Board of Directors, with Dr. Edwin Palma Egea's resignation effective March 6, 2025. The Board appointed Ms. Angela María Robledo Gómez to replace Dr. Palma as a member of the Business Committee.

The updated Business Committee will consist of: Mónica de Greiff Lindo (Chairperson), Angela María Robledo Gómez, Álvaro Torres Macías, Gonzalo Hernández Jiménez, and Guillermo García Realpe.

Ecopetrol, Colombia's largest company, controls over 60% of the country's hydrocarbon production and leads in petrochemicals and gas distribution. Through its 51.4% stake in ISA, the company has expanded into energy transmission and infrastructure across Latin America, while maintaining international operations in strategic basins across the Americas, including the US Permian basin and Gulf of Mexico, Brazil, and Mexico.

Ecopetrol (EC) reported strong operational and financial performance for 2024, with revenues of COP 133.3 trillion and net income of COP 14.9 trillion. The company achieved an EBITDA of COP 54.1 trillion with a 41% margin and maintained a gross debt/EBITDA ratio of 2.2x.

Key operational highlights include:

• Record production level of 746 kboed (1.2% YoY increase)
• 104% reserve replacement ratio, adding 260 MBPE
• Investment of USD 6,119 million
• Transported volumes of 1,119 kbd (+5.8%)
• Refining throughput of 414 kbd (-5.8%)

The company completed the acquisition of Repsol's CPO-09 field stake, adding 32 MBPE to reserves. The average reserve life stands at 7.6 years. Efficiency initiatives generated optimizations worth COP 5.3 trillion across EBITDA, capex, and working capital.

Ecopetrol (NYSE: EC) has announced its 2024 earnings distribution proposal, approved by the board of directors for shareholder consideration on March 28, 2025. The proposal includes an ordinary dividend of COP 214 per share, representing a 58.9% payout of the company's 2024 net income.

The dividend payment structure differs between stakeholders: minority shareholders will receive payments in two equal installments on April 4 and June 27, 2025, while the majority shareholder's dividend will be paid by December 31, 2025, aligned with the Fuel Price Stabilization Fund debt schedule.

Additionally, the board proposes allocating COP 16.64 trillion to an occasional reserve to support financial sustainability and strategic flexibility.

Ecopetrol (NYSE: EC) has announced the implementation of a market maker program for its shares on the Colombian Stock Exchange, signing 12-month agreements with Valores Bancolombia S.A. and Andes Investment Group Inc. as liquidity providers.

The program aims to enhance trading conditions, price formation, depth, and liquidity of Ecopetrol's shares in Colombia, strengthening the Colombian capital markets and creating shareholder value. The initiative will begin after completing necessary procedures with the Colombian Stock Exchange.

Ecopetrol, Colombia's largest company, maintains a dominant position with over 60% of hydrocarbon production and leading positions in petrochemicals and gas distribution. The company owns 51.4% of ISA's shares and operates internationally in strategic basins across the Americas, including the Permian basin and Gulf of Mexico.

Moody's has maintained Ecopetrol's (NYSE: EC) global credit rating at Ba1 with a stable outlook following its periodic review on February 24, 2025. The company's individual rating remains at b1.

The rating reflects Ecopetrol's position as Colombia's primary oil and gas producer, controlling approximately 60% of national production. Moody's highlighted the company's significant energy transmission business across Latin America and stable cash flow from subsidiaries Interconexión Eléctrica S.A. E.S.P. and Cenit SAS.

Key factors supporting the rating include increased production levels and reduced balance of the Fuel Price Stabilization Fund (FEPC), enhancing company liquidity. Moody's expects Ecopetrol's financial obligations to maintain support through access to global and Colombian capital markets, along with government backing.

Ecopetrol S.A. (EC) has announced its General Shareholders' Meeting scheduled for March 28, 2025, at 9:00 a.m., to be held at the Centro Internacional de Negocios y Exposiciones (Corferias) in Bogota. Key agenda items include the presentation and approval of the 2024 Integrated Management Report, financial statements, profit distribution, election of the Statutory Auditor for 2025-2029, and election of Board Members.

Shareholders can exercise their inspection rights from March 6, 2025, and the meeting will be broadcast live via streaming. The company will implement electronic voting, requiring shareholders to bring smart mobile devices. Alternative voting mechanisms will be available for those without suitable devices. Shareholders unable to attend can appoint proxies, with power-of-attorney templates available on Ecopetrol's website.