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Ecopetrol SA - EC STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ecopetrol SA's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ecopetrol SA's position in the market.

Rhea-AI Summary
Ecopetrol's subsidiary Refineria de Cartagena S.A.S. (Reficar) receives approval for restructuring plan from UK court, potentially gaining 19.9% of McDermott International Ltd.'s common stock. Ecopetrol, a major energy company in Colombia, operates in various segments domestically and internationally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.92%
Tags
none
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Rhea-AI Summary
Ecopetrol S.A. reports the formalization of the amendment to its Bylaws, approved by the General Assembly of Shareholders. The company is a major player in Colombia's energy sector and holds significant positions in various segments. The press release includes business prospects, financial estimates, and growth projections.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.92%
Tags
none
-
Rhea-AI Summary
Ecopetrol S.A. announces the release of its financial results for Q4 and full year 2023, with a virtual conference call scheduled for March 1, 2024. The company is a major energy player in Colombia and the Americas, with diverse operations in hydrocarbon production, transportation, logistics, and more. Ecopetrol also has international investments in key energy sectors. The press release includes forward-looking statements about the company's growth and financial performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
Tags
earnings
Rhea-AI Summary
Ecopetrol S.A. announces measures to ensure shareholder representation at the upcoming General Shareholders' Meeting. The company aims to inform shareholders of their rights, validate proxy assignments, and avoid influencing proxy selection. These measures were approved by the Board of Directors to enhance transparency and fairness in the shareholder representation process.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.46%
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none
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News
Rhea-AI Summary
Ecopetrol S.A. calls for a General Shareholders Meeting on March 22, 2024, in Bogota, D.C. The agenda includes safety guidelines, financial statements approval, profit distribution, board members election, and more. Shareholders can participate via streaming and electronic voting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.46%
Tags
none
-
Rhea-AI Summary
Ecopetrol S.A. submitted the 'Código País' report, detailing corporate governance practices adopted and implemented in 2023. The report is available for viewing on the company's website and the Financial Superintendence of Colombia's website. The company is a major energy player in Colombia and the American continent, with operations in hydrocarbon production, transportation, logistics, refining, petrochemicals, and gas distribution. Ecopetrol also operates internationally, with investments in strategic basins and energy transmission in the United States, Brazil, and Mexico. The press release includes forward-looking statements related to business prospects and financial results, emphasizing that these are projections based on management's expectations and are subject to change based on market conditions, competition, and industry performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.8%
Tags
none
Rhea-AI Summary
Ecopetrol S.A. announced the results of a cash tender offer to purchase its outstanding 4.125% Notes due 2025. The Offer expired on January 16, 2024, and all Securities validly tendered were accepted for purchase. Ecopetrol also intends to deposit funds with The Bank of New York Mellon as security for the benefit of holders of the Securities not tendered pursuant to the Offer. BBVA Securities Inc., BofA Securities, Inc., and Citigroup Global Markets, Inc. served as Dealer Managers for the Offer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.43%
Tags
none
-
Rhea-AI Summary
S&P Global Ratings has changed the outlook for Ecopetrol's credit rating from stable to negative, in response to Colombia's credit rating outlook also changing to negative. The company's global rating is maintained at 'BB+' with an independent credit profile of 'bbb-', and no changes are expected in the next 12 months. Ecopetrol remains a significant player in the Colombian economy, but its rating will correlate to that of Colombia. The report issued by S&P on January 18, 2024, will be published in a future statement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.43%
Tags
none
-
Rhea-AI Summary
Ecopetrol S.A. issues a statement regarding the Arauca 8 well in Colombia, emphasizing the need for comprehensive analysis and evaluation tests before formal notification to the National Hydrocarbons Agency. The company is the largest in Colombia and a major integrated energy company in the Americas, with significant operations in hydrocarbon production, transportation, logistics, refining, petrochemicals, and gas distribution. The press release contains business prospect statements, operating and financial result estimates, and growth prospects. All projections are based on the managers' expectations and are subject to market conditions, regulations, competition, and the performance of the Colombian economy and the industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.34%
Tags
none
Rhea-AI Summary
Ecopetrol S.A. announces changes in senior management, including the resignation of several vice presidents and the appointment of new executives. The company expresses gratitude to the outgoing managers and provides an overview of its position as the largest company in Colombia and a leading energy company in the American continent. The press release also contains forward-looking statements about the company's growth prospects and financial estimates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.76%
Tags
none
Ecopetrol SA

NYSE:EC

EC Rankings

EC Stock Data

23.29B
4.68B
1.81%
0.46%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
Colombia
Bogotá

About EC

Ecopetrol, formerly known as Empresa Colombiana de Petróleos S.A. is the largest and primary petroleum company in Colombia.