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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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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BOGOTÁ, Colombia , June 16, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that the Vice President of Corporate Affairs and General Secretary, María Paula Camacho Rozo, resigned from her position effective July 5, 2023, to assume a new professional challenge in another company.

Ecopetrol informs resignation of Vice-President of Corporate Affairs and General Secretary

BOGOTÁ, Colombia , June 8, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that the International Chamber of Commerce decided in favor of Refinería de Cartagena S.A.S ("Reficar"), a subsidiary company of Ecopetrol S.A.

Ecopetrol informs about an arbitration decision issued in favor of Reficar S.A.S.

Ecopetrol's share price has been punished by crude oil prices, despite an announced repayment of owed government money. The company is continuing to spend billions annually on growth spending, which has enabled strong production growth. Going forward, we expect the company's cash generation and unique position in a growing economy to support stronger shareholder returns.

Ecopetrol's Recent Weakness Spells Opportunity

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Dogsofthedow.com originally published this list of 50 large-cap high-dividend stocks as-of 5/5/23. This list targeted-investors who “don't want to simply focus on a high dividend yield only to discover that the stock price has plunged or that the corporation has gone belly-up." Limiting investors high-dividend search to large, well-established companies reduces this volatility/risk. For example, YCharts net-gain estimates from 5/29/23 for RIO, T, ET, CHK, BBVA, VOD, BTI, STLA, EC, & PBR ranged 40.39%-74.75%.

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Ecopetrol, Repsol make hydrocarbon discovery in Colombia

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BOGOTÁ, Colombia , May 23, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that on May 22 nd, 2023, it reached an agreement with the Unión Sindical Obrera (USO) for a new Collective Bargaining Agreement.

Ecopetrol reached an agreement with Labor Unions for a new Collective Bargaining Agreement

Ecopetrol S.A. (NYSE:EC ) Q1 2023 Earnings Conference Call May 10, 2023 11:00 PM ET Company Participants Ricardo Roa - Chief Executive Officer Diana Escobar - Vice President of Sustainable Development María Paula Camacho - Vice President of Legal Affairs & General Secretary Yeimy Báez - Vice President of Low-emission Solutions Alberto Consuegra - Chief Operating Officer Jaime Caballero - Chief Financial Officer Conference Call Participants Bruno Montanari - Morgan Stanley Badr El Moutawakil - Barclays Luis Carvalho - UBS German Cristancho - Davivienda Corredores Andrés Duarte - Corficolombiana Operator Good morning.

Ecopetrol S.A. (EC) Q1 2023 Earnings Call Transcript

BOGOTA, Colombia , May 11, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, by means of Resolution 1114 of May 10, 2023, the Ministry of Finance and Public Credit authorized the execution of a credit agreement for up to four hundred million dollars (US$400 million), as part of its comprehensive debt management strategy.

Ecopetrol S.A. obtains approval for a credit loan with international banks for up to US$ 400 million

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43 May 2023 Ideal Dividend Large-Cap High-Yield Stocks

BOGOTA, Colombia , May 2, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that on Tuesday, May 9 th, 2023, after market close, it will release its financial and operating results for the first quarter 2023.

Ecopetrol announces the dates of the publication of its first quarter 2023 earnings report and conference calls

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Ecopetrol: Improving Outlook, 23% Yield, Ex-Dividend Date Next Week

BOGOTA, Colombia , April 12, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that its Board of Directors, in session on April 11 th 2023, appointed Ricardo Roa Barragán as CEO of Ecopetrol S.A.

Board of Directors of Ecopetrol S.A. appoints new Chairman of Ecopetrol S.A.

BOGOTÁ, Colombia , March 31, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that the Board of Directors, in its meeting held on March 31, 2023, approved the composition of its committees as follows: AUDIT AND RISK COMMITTEE Luis Alberto Zuleta (President) Juan José Echavarría Sandra Ospina Claudia González NEW BUSINESS COMMITTEE Saúl Kattan (President) Esteban Piedrahita Gonzalo Hernández Mauricio Cabrera Sandra Ospina Mónica de Greiff Claudia González CORPORATE GOVERNANCE AND SUSTAINABILITY COMMITTEE Esteban Piedrahita (President) Gonzalo Hernández Mónica de Greiff Claudia González Luis Alberto Zuleta Juan José Echavarría REMUNERATION, NOMINATION, AND CULTURE COMMITTEE Mauricio Cabrera (President) Mónica de Greiff Saúl Kattan Juan José Echavarría HSE COMMITTEE Sandra Ospina (President) Claudia González Luis Alberto Zuleta Mónica de Greiff Mauricio Cabrera TECHNOLOGY AND INNOVATION COMMITTEE Saúl Kattan (President) Esteban Piedrahita Sandra Ospina These appointments are effective as of the date hereof.

Decisions of Ecopetrol S.A.'s Board of Directors

BOGOTA, Colombia , March 31, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that the ordinary General Shareholders' Meeting was held today, prior to convocation and compliance with the legal requirements necessary for the session.

ECOPETROL REPORTS ON THE DECISIONS ADOPTED AT THE SHAREHOLDERS' MEETING ON MARCH 30, 2023.

BOGOTÁ, Colombia , March 30, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, with regards to the information published in the public media, that since yesterday Ecopetrol has been attending an administrative visit of the delegation of the Superintendence of Industry and Commerce (SIC by its acronym in Spanish "Superintendencia de Industria y Comercio") at its offices in the city of Bogota.

Ecopetrol comments on information published in the media

BOGOTÁ, Colombia , March 24, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that on March 24, 2023, its Board of Directors appointed Alberto Consuegra Granger as interim CEO of Ecopetrol S.A.

Ecopetrol appointed Alberto Consuegra Granger as interim CEO of Ecopetrol

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BOGOTA, Colombia , March 17, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Group") informs that, as part of its integral debt management strategy and the refinancing of the debt maturing on 2023, through Resolution 0655 of March 16, 2023, it received the authorization of the Ministry of Finance and Public Credit to enter into a one trillion Colombian pesos (COP) committed line of credit with Bancolombia.

Ecopetrol obtains authorization to borrow one trillion pesos from a local bank

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Colombian state-owned oil company Ecopetrol announced record profits and a dividend increase Tuesday. Shares have been trading near 52-week lows despite Ecopetrol's operational strength.

Ecopetrol Is A Steal At 3.3x Earnings With 22% Dividend Yield

BOGOTA, Columbia, Feb. 28, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") hereby informs of the Company's 2022 earnings distribution proposal, approved by the Company's Board of Directors, which will be submitted for the consideration of the General Shareholders' Meeting that will take place on March 30, 2023:   2022 EARNINGS DISTRIBUTION PROPOSAL (Colombian Pesos- COP) Net income after provision for income tax 33,406,291,190,569 + Release of reserves from previous years 2,491,377,064,039 Occasional reserve for sustainability 1,982,295,460,676 Excess fiscal depreciation reserve (Art.130 ET.

Ecopetrol's 2022 Earnings Distribution Proposal

News for Ecopetrol Stock (EC)