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

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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 , Sept. 28, 2023 /PRNewswire/ -- Ecopetrol S.A.

Moody's Investors Service affirmed Ecopetrol S.A.'s investment grade rating at Baa3

Refineria de Cartagena (Reficar), a refinery belonging to Colombia's majority state-owned oil company Ecopetrol , has asked a New York federal judge to freeze certain assets of CB&I, a McDermott International subsidiary, it said on Thursday.

Colombia's Ecopetrol unit asks New York judge to freeze CB&I assets

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Colombia's state-run energy company Ecopetrol will seek to become a player in clean and renewable energy generation to meet its own demand while also promoting the South American country's energy transition, its chief executive said on Monday.

Ecopetrol aims to be energy self-sufficient through renewables -CEO

Colombia's government is considering revising rules to make majority state-run energy company Ecopetrol an obligatory partner in every offshore wind project, three people familiar with the matter told Reuters.

Exclusive: Colombia mulls making Ecopetrol mandatory partner in offshore wind farms

BOGOTÁ, Colombia , Sept. 11, 2023 /PRNewswire/ -- Ecopetrol S.A.

Ecopetrol announces adjustments to its 2040 Strategy, called "Energy that transforms"

BOGOTÁ, Colombia , Sept. 6, 2023 /PRNewswire/ -- Ecopetrol S.A.

Ecopetrol announces the date of the next Investor Day on Strategy 2040, called "Energy that Transforms".

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BOGOTA, Colombia , Aug. 29, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that, as part of its comprehensive debt management strategy, it has been granted authorization by the Ministry of Finance and Public Credit ("MHCP"), through Resolution 2152 dated August 24, 2023, to execute a credit agreement for up to USD 1,000 million.

Ecopetrol S.A. obtains authorization to execute loan with international banks for up to USD 1 billion

Colombia's Ministry of Finance has authorized state-controlled energy company Ecopetrol to arrange a line of credit worth up to $1 billion with international lenders, the company said on Monday.

Colombia authorizes oil producer Ecopetrol to arrange $1 bln loan

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Colombia's majority state-owned oil company Ecopetrol is looking at the possibility of restarting exploration at eight suspended oil and gas contracts, chief executive Ricardo Roa said on Wednesday.

Colombia's Ecopetrol may restart exploration on eight suspended contracts

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Ecopetrol S.A. (NYSE:EC ) Q2 2023 Earnings Call Transcript August 9, 2023 10:00 AM ET Company Participants Ricardo Roa - Chief Executive Officer Diana Escobar - Vice President of Sustainable Development Jaime Caballero - Chief Financial Officer Yeimy Baez - Vice President of Low-emission Solutions Alberto Consuegra - Chief Operating Officer Conference Call Participants Andres Cardona - TD Bank Daniel Guardiola - BTG Andres Duarte - Corficolombiana Bruno Montanari - Morgan Stanley Luis Carvalho - UBS Operator [Call Starts Abruptly] And Operational Results for the Second Quarter of 2023.

Ecopetrol S.A. (EC) Q2 2023 Earnings Call Transcript

BOGOTA, Colombia , Aug. 10, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC, the "Company") informs that the redemption price of the notes issued in 2013, maturing in September 2023, was USD1,000.167 per USD1,000 principal amount, for a total prepayment of principal plus make whole amount of USD821,613,148.865, plus accrued interest as of the redemption date of August 7, 2023.

Ecopetrol S.A. prepays its 10-year Notes due September 2023

Colombia's majority state-owned oil company Ecopetrol on Thursday reported a new oil and gas discovery in Putumayo province.

Colombia's Ecopetrol hails new oil and gas discovery

BOGOTÁ, Colombia , Aug. 8, 2023 /PRNewswire/ -- The following is a statement from Ricardo Roa Barragán, President of Ecopetrol S.A.: Thanks to the efforts of our world-class team, it is an honor to present the operating and financial results of the Ecopetrol Group for 2Q23.

Ecopetrol Group's financial results for the second quarter and cumulative year to date for 2023

Colombia's national oil company Ecopetrol reported on Tuesday its second-quarter net profit slid 61% from the year-earlier period to settle at 4.087 trillion pesos.

Colombia's Ecopetrol posts 61% drop in second quarter net profit

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BOGOTA, Colombia , Aug. 1, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that after market close on Tuesday, August 8, 2023,  it will release its financial and operating results for the second quarter of 2023.

Ecopetrol announces the dates for the publication of its second quarter 2023 earnings report and conference call

Ecopetrol stock is a buy based on discounted cash flow analysis, benefiting from oil price increases and a strengthening Colombian Peso. There is a growing supply-demand mismatch in the oil market, indicating potential for high future oil prices. Ecopetrol's financials show favorable dynamics in revenue and operating income, with a net income decline due to increased cost of sales.

Ecopetrol: Likely To Benefit From Strengthening Oil Prices And Colombian Peso

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News for Ecopetrol Stock (EC)