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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.

News
Ecopetrol S.A. submitted the Report on the Implementation of Best Corporate Practices - "Código País" for FY2023
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%
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News
Ecopetrol S.A. Announces Results and Settlement of its Previously Announced Cash Tender Offer for Any and All of its Outstanding 4.125% Notes due 2025
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%
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News
S&P maintains Ecopetrol's credit rating at BB+ and changes its outlook from stable to negative
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%
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News
Ecopetrol issues statement on information published by the media
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%
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News
Ecopetrol announces changes in senior management
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%
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News
Ecopetrol S.A. Announces Pricing of Cash Tender Offer for Any and All of its Outstanding 4.125% Notes due 2025
Rhea-AI Summary
Ecopetrol S.A. announced a tender offer for its outstanding 4.125% Notes due 2025. The offer commenced on January 9, 2024, and will expire on January 16, 2024. The Total Consideration for the Securities is $994.70 per $1,000 principal amount. The settlement date is expected to be January 19, 2024. The Offer is also conditioned upon the satisfaction of certain conditions and is being made in connection with a concurrent offering of New Notes by the Company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.05%
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News
General Shareholders' Meeting Approves Amendment to Bylaws
Rhea-AI Summary
Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports approval of amendment to the bylaws at the extraordinary general shareholders' meeting. The shareholders also approved other agenda items with high percentages of votes in favor. The amendment must be subject to formalities, including its registry before the Commercial Registry. Ecopetrol is the largest company in Colombia, responsible for over 60% of hydrocarbon production in the country. It also has a significant presence in the international energy market. The press release contains business prospect statements, operating and financial result estimates, and statements related to Ecopetrol's growth prospects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
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none
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News
Ecopetrol S.A. Commences Cash Tender Offer for Any and All of its Outstanding 4.125% Notes due 2025
Rhea-AI Summary
Ecopetrol S.A. (EC) announced the commencement of a cash tender offer to purchase any and all of its outstanding 4.125% Notes due 2025. The offer is scheduled to expire on January 16, 2024, with the settlement date expected to be January 19, 2024. The Offer is being made in connection with a concurrent offering of notes (the 'New Notes') by the Company. The complete terms and conditions of the Offer are set forth in the Offer to Purchase and in the related Notice of Guaranteed Delivery.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.47%
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none
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News
Ecopetrol publishes measures to ensure the adequate representation of Shareholders at the Extraordinary Shareholders' Meeting to be held on January 10, 2024
Rhea-AI Summary
Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announced measures to ensure adequate shareholder representation at the upcoming extraordinary meeting. The company is the largest in Colombia, responsible for over 60% of hydrocarbon production and holds leading positions in various energy-related segments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.7%
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News
New Chief Financial Officer Appointed
Rhea-AI Summary
GeoPark Limited (GPRK) announces the appointment of a new CFO and provides an operating activity update in the Llanos Basin in Colombia. The company's 2023 exploration campaign adds 5,500 Bopd Gross and opens new drilling opportunities. The new CFO, Jaime Caballero Uribe, brings more than 25 years of industry and finance experience to GeoPark. The company's exploration campaign in 2023 delivered positive results with multiple new plays being opened, adding new appraisal and delineation activity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.09%
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Stock EC logo
Ecopetrol SA

NYSE:EC

EC Rankings

#440 Ranked by Market Cap
#878 Ranked by Stock Gains
#2 Ranked by Dividends

EC Stock Data

24.05B
4.73B
1.81%
0.44%
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.