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

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Earnings data Q4 2023

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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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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

BOGOTÁ, Feb. 28, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announced today the Ecopetrol Group's financial results for the fourth quarter and full year of 2022.

The Ecopetrol Group Announces Fourth Quarter and Full Year 2022 Results

BOGATA , Feb. 24, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) 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 30, 2023.

The reserves-to-production or average reserves life of the Ecopetrol Group remained at over 8 years (8.4 years). The Reserve-Replacement Ratio (RRR) was 104%, fully replacing production with an additional 4%.

The Ecopetrol Group increased its proven hydrocarbon reserves to 2,011 million barrels of oil equivalent by year-end 2022, the highest in 8 years

BOGOTA, Colombia , Feb. 22, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that on Tuesday, February 28, 2023, after market close, it will release its financial and operating results for the fourth quarter and full year 2022.

Ecopetrol announces the dates of the publication of its fourth quarter and full year 2022 earnings report and conference calls

BOGOTA, Colombia , Feb. 17, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, in connection with local news media reports regarding the resignation of Carlos Gustavo Cano from its Board of Directors, that to date, the Company has not received any such communication to that effect from the director.

Ecopetrol dispels local news media reports regarding the resignation of a member of the Board of Directors

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BOGOTÁ, Colombia , Dec. 21, 2022 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC, the "Company") informs that, as part of its debt management strategy and refinancing of 2023 maturities, it entered into a USD 1.0 billion credit agreement with The Bank of Nova Scotia (with a participation of USD 700 million) and Sumitomo Mitsui Banking Corporation (with a participation of USD 300 million).

Ecopetrol contracts a USD 1 billion loan with International Banks as part of its 2023 refinancing strategy

Ecopetrol has attractive valuation metrics. The stock sold off this summer because of the Colombian presidential election and expectations that the new administration would pursue anti-fossil fuel policies.

Ecopetrol: A Second Look At The Geopolitical Risk

BOGOTA, Colombia , Dec. 9, 2022 /PRNewswire/ --  The 2023 general investment plan (the "Investment Plan") approved by the Board of Directors, is aligned with the Ecopetrol Group's commitment to accelerate the energy transition path and Colombia's energy security while maintaining competitive returns for all its shareholders in line with the 2040 strategy "Energy That Transforms". Approximately 23% of the intended investments seek to cement diversification into new low-emission businesses, including investments in hydrogen production, renewable energies, carbon capture, and electricity transmission, leveraging a scale diversification at the Ecopetrol Group.

The Ecopetrol Group will invest between COP 25.3 trillion and COP 29.8 trillion in 2023 to accelerate the energy transition path and the energy security

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BOGOTÁ, Colombia , Nov. 16, 2022 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) has completed the formal process for establishing a new subsidiary, Ecopetrol US Trading LLC, domiciled in Delaware, USA.

Ecopetrol announces the creation of Ecopetrol US Trading LLC, a new subsidiary that will join its Business Group

Ecopetrol S.A. (NYSE:EC ) Q3 2022 Earnings Conference Call November 9, 2022 10:00 AM ET Company Participants Felipe Bayon - Chief Executive Officer Yeimy Baez - Vice President of Low Emission Solutions Alberto Consuegra - Chief Operating Officer Jaime Caballero - Chief Financial Officer Conference Call Participants Bruno Montanari - Morgan Stanley Barbara Halberstadt - JPMorgan Luiz Carvalho - UBS Andrew McCarthy - Credicorp Frank McGann - Bank of America Hernan Goicochea - LatinFinance Badr El Moutawakil - Barclays Andres Cardona - Citibank Andres Duarte - Corficolombiana Operator Good morning.

Ecopetrol S.A. (EC) Q3 2022 Earnings Call Transcript

BOGOTA, Colombia , Nov. 1, 2022 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that on Tuesday, November 8, 2022, after market close, it will release its financial and operating results for the third quarter of 2022.

Ecopetrol announces the publication date of its third-quarter earnings report and conference calls

BOGOTÁ, Colombia , Oct. 24, 2022 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that at the extraordinary General Shareholder's Meeting held on October 24, 2022, its Board of Directors was appointed as follows: Non-Independent Representatives: Mónica de Greiff Lindo Gonzalo Hernández Jiménez Independent Representatives: Gabriel Mauricio Cabrera Galvis Carlos Gustavo Cano Sanz Saúl Kattan Cohen Sandra Ospina Arango Luis Santiago Perdomo Maldonado Esteban Piedrahíta Uribe Sergio Restrepo Isaza Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 18,000 employees.

Ecopetrol's Board of Directors Appointment

BOGOTÁ, Colombia , Oct. 7, 2022 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that together with the subscription of the Declaration of the Nation as majority shareholder and according to the procedure established, the representatives of the minority shareholders, formally informed the Company that they had agree to nominate Dr. Carlos Gustavo Cano Sanz as their candidate to Board of Directors.

Minority Shareholders nominate candidate to Ecopetrol's Board of Directors

BOGOTÁ, Colombia , Oct. 7, 2022 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) 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 extraordinary General Shareholders' Meeting to be held on October 24, 2022

News for Ecopetrol Stock (EC)