Ecopetrol

Ecopetrol SA engages in the exploration, development, and production of crude oil and natural gas. It operates through the following segments: Exploration and Production, Transportation and Logistics, and Refining and Petrochemicals. The Exploration and Production segment deals with oil and gas exploration and production activities. The Transportation and Logistics segment comprises of pipelines and other transportation activities. The Refining and Petrochemicals segment involves in refining activities and its products include motor fuels, fuel oils, and petrochemicals. The company was founded in 1948 and is headquartered in Bogota, Colombia.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

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Earnings data Q4 2022

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Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Ecopetrol excels in Q2 with strong financials and sustainability focus

Ecopetrol's Q2 performance reflects financial strength, operational resilience, and commitment to sustainability and innovation.
Challenges include environmental factors, gasoline imports, and limited refining capacity growth opportunities in Colombia.
Opportunities exist in resolving disputes, aligning fuel prices, and investing in low-emission businesses for future growth and competitiveness.
Debt refinancing, capital allocation plans, and market monitoring demonstrate financial prudence and strategic planning by Ecopetrol.

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BOGOTA, Colombia , Feb. 28, 2024 /PRNewswire/ -- Ecopetrol informs that on February 27, 2024 its subsidiary Refineria de Cartagena S.A.S. (Reficar) was notified of the decision of a United Kingdom court to approve the restructuring plan of CB&I UK Limited, a subsidiary of McDermott International Ltd.

ECOPETROL S.A. reports United Kingdom court's decision and expected Dutch court's decision related to restructuring plans of McDermott's subsidiaries and Reficar's arbitral award

BOGOTA, Colombia , Feb. 28, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that the amendment to the Bylaws of the company, which were approved by the General Assembly of Shareholders, in an extraordinary session on January 10, were formalized in Public Deed No.

Ecopetrol S.A. reports on the Protocolization of the Bylaws Amendment Approved by the Extraordinary General Shareholders' Meeting

Colombian energy company Ecopetrol (EC) discovers additional reserves while evaluating the size of Orca-1 discovery using the Noble Discoverer drillship.

Ecopetrol (EC) Discovers New Gas Reserves in the Orca Block

Lower commodity prices are likely to have hurt Ecopetrol's (EC) Q4 earnings to some extent.

Ecopetrol (EC) Gears Up for Q4 Earnings: What's in Store?

BOGOTA, Colombia , Feb. 15, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that after market close on Thursday, February 29, 2024, it will release its financial and operating results for the fourth quarter and full year 2023.

Ecopetrol announces the dates for the publication of its fourth quarter 2023 and full year earnings report and conference call

BOGOTA, Colombia , Feb. 15, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") informs that to comply with the provisions of Part III Title I Chapter VI of the Basic Legal Circular issued by the Financial Superintendence of Colombia (E.C.

Ecopetrol publishes measures to guarantee the adequate representation of its Shareholders at the Ordinary General Shareholders' Meeting to be held on March 22, 2024.

BOGOTA, Colombia , Jan. 30, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC), submitted today the Report on the Implementation of Best Corporate Practices – "Código País" - to the Financial Superintendency of Colombia.

Ecopetrol S.A. submitted the Report on the Implementation of Best Corporate Practices - "Código País" for FY2023

BOGOTÁ, Colombia , Jan. 19, 2024 /PRNewswire/ -- Ecopetrol S.A. ("Ecopetrol" or the "Company") (NYSE: EC) announced today the results of the previously announced cash tender offer (the "Offer") by Ecopetrol, to purchase any and all of its outstanding 4.125% Notes due 2025 (the "Securities").

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

BOGOTA, Colombia , Jan. 19, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that S&P Global Ratings ("S&P") modified the outlook of Ecopetrol's credit rating from stable to negative, as a result of the review in the outlook of Colombia's credit rating, also from stable to negative.

S&P maintains Ecopetrol's credit rating at BB+ and changes its outlook from stable to negative

The Middle East crisis has multidimensional consequences, affecting supply chains, oil production, and transport. EC operates in Latin America, the region with the lowest geopolitical risk and abundant oil reserves. EC issued $1.85 billion in bonds at the beginning of the year. The bonds have an 8.45% yield and will mature in 2036. The company pays dividends with impressive yields while maintaining a payout ratio below 30%.

Ecopetrol: Still My Top Pick For Oil Stock

BOGOTÁ, Colombia , Jan. 18, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) issues statement on the information published by some media outlets regarding the Arauca 8 well, located in the Municipality of Saravena in the Department of Arauca, Colombia, where the Company and Parex Resources Inc. (Parex) work together through a Business Collaboration Agreement.

Ecopetrol issues statement on information published by the media

BOGOTA, Colombia , Jan. 17, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, the following changes will be made in its senior management: Alejandro Arango, who has been serving as Corporate Vice President of Human Talent, presented his voluntary resignation from the position, which was accepted as of January 18, 2024.

Ecopetrol announces changes in senior management

BOGOTÁ, Colombia, Jan. 16, 2024 /PRNewswire/ -- Ecopetrol S.A. ("Ecopetrol" or the "Company") (NYSE: EC) announced today the tender offer consideration (the "Total Consideration") payable in connection with the previously announced cash tender offer (the "Offer") by Ecopetrol, which commenced on January 9, 2024, to purchase any and all of its outstanding 4.125% Notes due 2025 (the "Securities"), upon the terms and subject to the conditions set forth in Ecopetrol's Offer to Purchase, dated January 9, 2024 (as the same may be amended or supplemented from time to time, the "Offer to Purchase") and in the related Notice of Guaranteed Delivery (as it may be amended or supplemented from time to time, the "Notice of Guaranteed Delivery"), the terms and conditions of which remain unchanged.

Ecopetrol S.A. Announces Pricing of Cash Tender Offer for Any and All of its Outstanding 4.125% Notes due 2025

BOGOTA, Colombia , Jan. 11, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that during the extraordinary general shareholders' meeting held on January 10, 2024, previously called in accordance with the legal and statutory requirements applicable to the Company, the shareholders approved the amendment to the bylaws proposed by the majority shareholder, in accordance with the provisions of article 187, paragraph 1, of the Commercial Code.

General Shareholders' Meeting Approves Amendment to Bylaws

BOGOTÁ, Colombia , Jan. 9, 2024 /PRNewswire/ -- Ecopetrol S.A. ("Ecopetrol" or the "Company") (NYSE: EC) announced today the commencement of a cash tender offer (the "Offer"), to purchase any and all of its outstanding 4.125% Notes due 2025 (the "Securities"), upon the terms and subject to the conditions set forth in Ecopetrol's Offer to Purchase, dated January 9, 2024 (as the same may be amended or supplemented from time to time, the "Offer to Purchase") and in the related Notice of Guaranteed Delivery (as it may be amended or supplemented from time to time, the "Notice of Guaranteed Delivery").

Ecopetrol S.A. Commences Cash Tender Offer for Any and All of its Outstanding 4.125% Notes due 2025

EC is the most dominant oil producer in Colombia. Its CAPEX plan highlights continued capital discipline. The sell-side is too negative on EC and the company's business model is resilient to lower oil and gas prices.

The Sell-Side Appears Too Negative On Ecopetrol

BOGOTÁ, Colombia , Dec. 21, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that in order to comply with the provisions of Part III Title I Chapter VI of the Basic Legal Circular issued by the Financial Superintendency of Colombia (E.C.

Ecopetrol publishes measures to ensure the adequate representation of Shareholders at the Extraordinary Shareholders' Meeting to be held on January 10, 2024

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As markets gain steam attributed to a more dovish Fed, CrossAmerica Partners (CAPL) and Ecopetrol (EC) are two appealing energy stocks to consider.

2 Highly Ranked Energy Stocks with Dividend Yields over 5%

The price of crude oil has cratered over the last two months, falling from a high of $95 to $69 today. While this move has shifted many speculators to the bearish side, I think they are late, and risk reward favors the long side here.

Crude Awakening: 2 Top Ranked Oil Stocks with Huge Dividend Yields

BOGOTÁ, Colombia , Dec. 1, 2023 /PRNewswire/ -- On November 30, 2023, Ecopetrol's Board of Directors approved maintaining investment levels between 23 and 27 trillion pesos in 2024, aligning with the commitment to energy security and the country's energy transition under the 2040 "Transforming Energy" Strategy. Approximately 19 trillion pesos will be allocated to profitable production, with daily averages ranging from 725,000 to 730,000 equivalent barrels.

Ecopetrol Group will invest between 23 and 27¹ trillion pesos in 2024

Colombia's state-run oil company Ecopetrol will invest between $5.7 billion and $6.7 billion and produce up to 730,000 barrels per day equivalent (boepd) in 2024, it said in a statement.

Colombia's Ecopetrol to invest up to $6.7 bln in 2024

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If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Ecopetrol (EC) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Fast-paced Momentum Stock Ecopetrol (EC) Is Still Trading at a Bargain

BOGOTÁ, Colombia , Nov. 22, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol") announces changes in its senior management team of the Upstream Vice-Presidency to meet challenges in the process of aligning its hydrocarbons exploration and production activities with the energy transition, as follows: 1.

Ecopetrol announces new Senior Management appointments

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News for Ecopetrol Stock (EC)