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. (NYSE: EC) is presented in its disclosures as the largest company in Colombia and one of the main integrated energy companies in the American continent. The news flow around Ecopetrol reflects its broad role in hydrocarbons, power transmission, road concessions, and its growing focus on renewable energy and energy transition.
News items for Ecopetrol commonly cover board of directors’ decisions, changes in committee composition, and appointments to key corporate roles, illustrating how the company manages governance across the Ecopetrol Group. Releases also describe collective bargaining processes and renegotiations of chapters of the Collective Bargaining Agreement with labor organizations, conducted under the Colombian Labor Code and overseen by the Ministry of Labor.
Another recurring theme in Ecopetrol’s news is its energy transition strategy. The company has reported the acquisition of a large solar project portfolio in Colombia and negotiations for additional solar photovoltaic projects, as well as the start of operations of the La Iguana Solar Farm to support refinery power needs and decarbonization efforts. These updates are linked to its 2040 strategy referred to as "Energy that Transforms" and to targets for self-generated renewable energy.
Operational and financial updates are also central to Ecopetrol’s news releases. The company publishes quarterly financial results, highlighting sales revenues, EBITDA, net income, production levels, transported volumes, and refining throughput, along with commentary on market conditions and efficiency programs. It also communicates investment plans across hydrocarbons, power transmission, roads, and energy transition projects.
Investors and observers who follow Ecopetrol news can use this page to monitor governance decisions, labor relations, strategic transactions, renewable energy initiatives, and periodic financial and operating performance updates, as disclosed by the company and furnished through its official channels.
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.
Ecopetrol (NYSE: EC) has announced measures approved by its Board of Directors to ensure proper shareholder representation at the upcoming Ordinary General Shareholders' Meeting on March 28, 2025. The key measures include: informing shareholders about proxy representation rights, validating proxy assignments, preventing company administrators and employees from influencing shareholder votes or suggesting representatives, and restricting proxy grants to those linked to administration or employees.
The Vice-Presidency of Legal Affairs and Secretariat will oversee proxy review and verification. These measures were adopted on February 21, 2025. Ecopetrol, Colombia's largest company, maintains dominant positions in hydrocarbon production, transportation, and refining, controlling over 60% of these operations in Colombia. The company also holds a 51.4% stake in ISA, participating in energy transmission and infrastructure projects across the Americas.
Ecopetrol Group (NYSE: EC) announced its proven reserves of oil, condensates, and natural gas as of December 31, 2024, reaching 1,893 MBOE, a slight increase of 10 MBOE from 2023. The company achieved a 104% reserve replacement ratio with an average reserve life of 7.6 years.
The Group incorporated 260 MBOE of proven reserves in 2024, the highest in three years, comprising 244.3 MBOE crude oil and 15.3 MBOE gas. Organic growth contributed 231 MBOE through new projects and enhanced recovery initiatives, while inorganic growth added 29 MBOE, including the acquisition of Repsol's 45% stake in the CPO-09 block.
The reserves were valued at a Brent reference price of USD 79.7/bbl, compared to USD 82.8/bbl in 2023. Of the total reserves, 80% are liquids and 20% are gas, with 89% located in Colombia and 11% in the United States.
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