Welcome to our dedicated page for Ecopetrol news (Ticker: EC), a resource for investors and traders seeking the latest updates and insights on Ecopetrol stock.
Ecopetrol S.A. reports developments tied to its role as a Colombian integrated energy company operating across exploration and production, transport and logistics, refining and petrochemicals, and hydrocarbon marketing. News also covers its electric power transmission exposure through ISA, related real-time systems, road concessions, and international exploration interests in the United States, Brazil, and Mexico.
Recurring updates include earnings releases, Form 20-F reporting, credit-rating actions, debt management, Fuel Price Stabilization Fund (FEPC) payments, governance decisions, and material agreements. Because the Government of Colombia is the controlling shareholder, company announcements often connect operating performance, liquidity, ratings, and public-sector energy policy considerations.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Ecopetrol S.A. announced the appointment of Ricardo Roa Barragán as the new CEO, effective by April 30, 2023. This decision was made during a Board of Directors meeting on April 11, 2023, following a thorough evaluation process supported by the Compensation, Nomination and Culture Committee and an international headhunting firm. Roa Barragán, a mechanical engineer with over 30 years of experience, has held key positions in the energy sector, including CEO of Grupo Energía de Bogotá. His leadership comes at a time when Ecopetrol plays a critical role in Colombia's energy landscape, managing over 60% of the country's hydrocarbon production and maintaining a strong international presence in strategic basins.
Ecopetrol S.A. announced on March 31, 2023, the composition of its Board committees following a recent meeting. The Audit and Risk Committee will be led by Luis Alberto Zuleta, while the New Business Committee will be chaired by Saúl Kattan. Other committees include the Corporate Governance and Sustainability Committee, led by Esteban Piedrahita, and the Remuneration, Nomination, and Culture Committee, presided over by Mauricio Cabrera. Additionally, the HSE and Technology and Innovation Committees will also have new leadership. These appointments are effective immediately, signaling a potential shift in corporate governance and strategic direction for the company.
Ecopetrol S.A. held its General Shareholders' Meeting on March 31, 2023, where significant decisions were made. Shareholders approved a historic total dividend of COP 593 per share, amounting to COP 24.38 trillion, to be distributed in three installments throughout 2023. The meeting also confirmed the election of the Board of Directors, with a 99.98% approval rate. Financial results from December 31, 2022, report revenues of COP 159.5 trillion and net income of COP 33.4 trillion, showcasing a 73.8% revenue growth. The firm Ernst & Young was appointed as the external auditor for the 2021-2025 term.