Renegotiations of Collective Bargaining Agreement

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Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Rhea-AI Summary

Argus Jan 8 session

+2.77% close to close Open Argus

Details

News Market Reaction – EC

On Jan 8, the first trading day after this news, EC closed 2.77% above the previous close.

Data tracked by StockTitan Argus for the Jan 8 session.

Key Figures

Employees: more than 19,000 employees Hydrocarbon production share: more than 60% Stake in ISA: 51.4% +2 more

Employees: more than 19,000 employees; Company description in release
Hydrocarbon production share: more than 60%; Share of Colombia's hydrocarbon production
Stake in ISA: 51.4%; Equity stake in ISA mentioned in company profile
Section 27A: Section 27A of the U.S. Securities Act of 1933; Referenced in forward-looking statements disclaimer
Section 21E: Section 21E of the U.S. Securities Exchange Act of 1934; Referenced in forward-looking statements disclaimer

Historical Context

5 past events · Latest: Dec 29

5 events

Dec 29
Strategic commentary

24h Move

+1.6%

Clarified preliminary, non-binding evaluation of inorganic growth in Brazil.
Dec 29
Labor negotiations

24h Move

+1.6%

USO initiated early collective bargaining complaint before agreement expiry.
Dec 11
Board committees

24h Move

-0.8%

Revised board committee composition after two director resignations.
Nov 28
Renewables acquisition

24h Move

+1.3%

Negotiated acquisition of solar projects totaling up to 88.2 MWp.
Nov 28
Board leadership

24h Move

-0.5%

New chair and vice chair named; one independent director resignation noted.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

collective bargaining agreement, ministry of labor, forward-looking statements

3 terms

collective bargaining agreement regulatory

"complaint with the Ministry of Labor of the Collective Bargaining Agreement"

A collective bargaining agreement is a written contract negotiated between a group of employees (usually represented by a union) and their employer that sets wages, benefits, work rules and procedures for a fixed period. It matters to investors because it locks in labor costs, schedules changes and dispute-resolution rules—similar to a long-term service contract—so it affects a company’s expenses, operational stability and risk of strikes.

ministry of labor regulatory

"filing a complaint with the Ministry of Labor, within the legally-established timeframe"

A ministry of labor is a government department that sets and enforces rules for workplaces, such as wages, hours, safety, hiring and layoffs. Think of it as the traffic controller for the job market—it makes the laws and checks compliance so employers and workers operate safely and fairly. Investors watch its actions because new rules, inspections or enforcement can change companies’ costs, hiring plans and legal risks, affecting profits and stock value.

forward-looking statements regulatory

"This release contains statements that may be considered forward-looking statements within the meaning of Section 27A"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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01/07/2026 - 05:53 PM EST

BOGOTA, Colombia, Jan. 7, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") informs that, in addition to the information published on December 24^th 2025 were it was stated that Unión Sindical Obrera (USO) had filled a complaint with the Ministry of Labor of the Collective Bargaining Agreement, the labor organizations Adeco, Sindispetrol, Asopetrogas, Asteco, Trasine, Asintrahc, Sintramen, Sup, and Utipec have started the renegotiation of their respective chapters of the Collective Bargaining Agreement executed with the Company, by filing a complaint with the Ministry of Labor, within the legally-established timeframe.

In accordance with the provisions of the Colombian Labor Code, parties to a collective bargaining agreement may request an amendment to such an agreement by filing a complaint with the Ministry of Labor.

Ecopetrol reaffirms its commitment to open, respectful, and constructive dialogue as a key foundation for reaching agreements that continue to strengthen the well–being of all workers and the country, as well as the joint development of sustainable and valuable solutions.

-------------------------------------

Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector.

This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements.

For more information, please contact:

Head of Capital Markets
Diego Nicolas Lopez Reina (a)
Email: investors@ecopetrol.com.co

Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co

View original content to download multimedia:https://www.prnewswire.com/news-releases/renegotiations-of-collective-bargaining-agreement-302655769.html

SOURCE Ecopetrol S.A.

Renegotiations of Collective Bargaining Agreement