EC - Dividend announcements

BOGOTA, Columbia, April 9, 2026 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) ("Ecopetrol") informs that S&P Global Ratings, in its report dated April 8, 2026, revised Ecopetrol's global credit rating from BB to BB-, with a stable outlook, in line with the adjustment made to the sovereign credit rating of the Republic of Colombia on the same date. S&P affirmed Ecopetrol's Stand-Alone Credit Profile (SACP) at bb+.In its report, S&P stated that Ecopetrol's global credit rating continues to be constrained by Colombia's sovereign rating, considering the Ecopetrol's relev

AM Best has upgraded the Financial Strength Rating (FSR) to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to "a-" (Excellent) from "bbb+" (Good) of Black Gold Re Limited (BGRe) (Bermuda). The outlook of these Credit Ratings (ratings) has been revised to stable from positive. The ratings reflect BGRe's balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). The upgrading of these ratings also reflects BGRe's consistently robust balance sheet fundamentals, supported by strong internal capital generation and a sustained trend

BOGOTA, Colombia, March 4, 2026 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) ("Ecopetrol" or the "Company") announces that, the Company's proposal for the distribution of 2025 earnings, which has been approved by its board of directors, and is intended to be submitted for the consideration of the General Shareholders' Meeting expected to be held on March 26, 2026.2025 EARNINGS DISTRIBUTION PROPOSAL  (Colombian Pesos- COP)  Net income after provision for income tax9,028,764,859,338 +  Release of reserves from previous years17,144,573,697,440Occasional reserve for sustainability16,635,492,094,077Excess fiscal depreciation reserve (Art.130 ET.)509,081,603,363 -  Legal reserves of t

BOGOTA, Colombia, March 4, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) ("Ecopetrol" or the "Company") hereby announces the Company's proposal for the distribution of 2024 earnings, which has been approved by its board of directors, and is intended to be submitted for the consideration of the General Shareholders' Meeting that will be held on March 28, 2025: 2024 EARNINGS DISTRIBUTION PROPOSAL (Colombian Pesos- COP) Net income after provision for income tax 14,934,704,561,251  + Release of reserves from previous years 12,502,312,256,016 Occasional reserve fo

BOGOTA, Colombia, Nov. 29, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) (the "Company") announces that the Board of Directors approved the annual investment budget of the Ecopetrol Group for 2025 for an amount between 24 and 28 trillion pesos1, in line with the strategy, this annual budget increases investment levels compared to 2024, under capital discipline criteria and is expected to have the following implications: Approximatey 20.3 trillion pesos are expected to be allocated in 2025, corresponding to 76% of the annual budget, for profitable production be

BOGOTA, Colombia , Sept. 3, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL) (NYSE:EC) ("Ecopetrol" or the "Company") announces that the directors Juan José Echavarría and Luis Alberto Zuleta presented their resignations as independent members of the Company's Board of Directors, in the terms of the communication that the media previously released to the public. This resignation was presented and made known to the Board of Directors on August 30, 2024. This resignation will become effective on the date that the minutes of the previous meetings of the Board of Directors and Support Committees in which they participated are approved. The Company informs that the content of the following re

BOGOTÁ, Colombia, Aug. 13, 2024 /PRNewswire/ -- During the Second Quarter of 2024 (2Q24), Ecopetrol Group confronted a challenging environment, which continues to be impacted by several external variables, including the revaluation of the Colombian peso, inflationary pressures, and a decrease in the prices of our refined products. We managed these challenges with resilience, maximizing operational savings, controlling costs, and improving the realization prices of our crude oil. During 2Q24, Ecopetrol generated revenues of COP 32.6 trillion, an EBITDA of COP 14.1 trillion, a n

BOGOTA, Colombia, May 23, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) ("Ecopetrol" or the "Company") reports that credit rating agency Moody's downgraded its global credit rating from Baa3 to Ba1 and changed the outlook from negative to stable. Additionally, the agency reduced the individual rating (BCA1) from Ba3 to B1. The decision to modify the individual rating was based primarily on its review of debt management, dividend distribution above the Company's policy and cash generation expectations in 2025. Moody's mentioned that the overall Ba1 rating reflects the Company's position as Colombia's principal producer of oil and gas, as well as its significant power transmi

BOGOTA, Colombia, March 25, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) informs that its shareholders, during the General Ordinary Shareholders' Meeting, held on March 22, 2024, approved the distribution of dividends as follows: an ordinary dividend of two hundred and seventy-eight pesos (COP $278) per share and an extraordinary dividend of thirty-four pesos (COP $34) per share, for a total dividend distribution of three hundred and twelve pesos (COP $312) per share. The payment of the ordinary and extraordinary dividend to minority shareholders will be made in two installments of equal value, on the following dates: April 3, 2024 and June 26, 2024. The payment to the majo

BOGOTA, Colombia, Feb. 29, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) ("Ecopetrol" or the "Company") hereby communicates the Company's proposal for the distribution of 2023 earnings, which has been approved by the Company's board of directors, and will be submitted for the consideration of the General Shareholders' Meeting that will take place on March 22, 2024:   2023 EARNINGS DISTRIBUTION PROPOSAL (Colombian Pesos- COP) Net income after provision for income tax 19,062,090,905,658 + Release of reserves from previous years 8,174,839,184,265 Occasional reserve for sustainability 7,665,757,580,902 Excess fiscal depreciation reserve (Art.130 ET.) 509,081,603,363 - Legal res

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. This includes refinery loads between 420,000 and 430,000 barrels per day and daily transportation of over one million barre

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.) 509,081,603,363 - Legal reserves of the current year 3

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 financial results were prepared in accordance with the International Financial Reporting Standards applicable in Colombia. Table 1: Financial Summary Income Statement –Ecopetrol Group Billion (COP) 4Q 2022 4Q 2021 ∆ ($) ∆ (%) 12M 2022 12M 2021 ∆ ($) ∆ (%) Total sales 39,678 31,761 7,917 24.9 % 159,474 91,744 67,730 73.8 % Depreciation and amortization 3,049 2,404 645 26.8 % 11,410 9,599 1,811 18.9 % Variable cost 16,015 12,685 3,330 26.3 % 61,406 34,678 26,728 77.1 % Fixed cost 4,943 4,043 900 22.3 % 16,642 1

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 plan aims to reduce nearly 400,00

BOGOTÁ, D.C., Aug. 4, 2022 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announced today the Ecopetrol Group's financial results for the second quarter of 2022. The financial results were prepared in accordance with the International Financial Reporting Standards applicable in Colombia.   Table 1: Financial Summary Income Statement - Ecopetrol Group   Billion (COP) 2Q 2022 2Q 2021 ∆ ($) ∆ (%) 6M 2022 6M 2021 ∆ ($) ∆ (%) Total sales 43,885 19,444 24,441 125.7 % 76,358 36,650 39,708 108.3 % Depreciation and amortization 2,725 2,328 397 17.1 % 5,305 4,566 739 16.2 % Variable cost 16,343 6,761 9,582 141.7 % 28,408 12,999 15,409 118.5 % Fixed cost 4,010 2,342 1,668 71.2 % 7,303 4,378

BOGOTÁ, June 21, 2022 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) ("Ecopetrol" or the "Company") announces that, at the Extraordinary General Shareholders' Meeting held on June 17, 2022, the Company's Shareholders approved the modification of the: i) deadline for the payment of dividends to the Nation, approved in the ordinary session of March 30, 2022, from September 30 to October 31, 2022. ii) change in the destination of the Company's occasional reserve that had been constituted in the General Shareholder's Meeting held on past March 30, in order to distribute it as an extraordinary dividend of one hundred and sixty-eight Colombian pesos per share (COP$168), as follows: Occa

BOGOTA, June 1, 2022 /PRNewswire/ -- The Chief Executive Officer of Ecopetrol S.A. ("Ecopetrol" or the "Company") invites the Shareholders of the Company to attend the Extraordinary General Shareholders' Meeting (the "Meeting") to be held on June 17, 2022, starting at 8:00 a.m., at Ecopetrol´s main building located at Carrera 13 No. 36 - 24 in Bogotá. The agenda for the Meeting will be: Safety guidelinesQuorum VerificationOpening of the General Shareholders' Meeting by the Chief Executive Officer of Ecopetrol S.A.Approval of the AgendaAppointment of the President of the MeetingAppointment of the committee responsible for scrutinizing elections and pollingAppointment of the committee responsi

BOGOTA, Colombia , June 1, 2022 /PRNewswire/ -- In connection with the convening of an Extraordinary Shareholders' Meeting of Ecopetrol S.A. (the "Company") requested by the majority shareholder (the Ministry of Finance and Public Credit of Colombia, or the "Nation"), for the purpose of submitting a proposed modification to the Company's occasional reserve and its subsequent distribution as an extraordinary dividend, which was published by this same means today, Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announces the details of the distribution project proposed by the Ministry of Finance and Public Credit:   Occasional Reserve Distribution Total occasional reserve available:             $ 8.

BOGOTÁ, Colombia, May 10, 2022 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announced today the Ecopetrol Group's financial results for the first quarter of 2022. Table 1: Financial Summary Income Statement –Ecopetrol Group Billion (COP) 1Q 2022 1Q 2021 ∆ ($) ∆ (%) Total sales 32,473 17,206 15,267 88.7% Depreciation and amortization 2,579 2,237 342 15.3% Variable cost 12,065 6,238 5,827 93.4% Fixed cost 3,294 2,037 1,257 61.7% Cost of sales 17,938 10,512 7,426 70.6% Gross income 14,535 6,694 7,841 117.1% Operating and exploratory expenses 2,005 1,181 824 69.8% Operating income 12,530 5,513 7,017 127.3% Financial income (loss), net (1,524) (651) (873) 134.1% Share of profit of c

BOGOTA, Colombia, March 30, 2022 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) reports that the ordinary General Shareholders' Meeting, held on March 30, 2022, approved the profit distribution proposal submitted for its consideration. This proposal establishes that an ordinary dividend per share of two hundred and forty-three pesos (COL $243) and an exceptional extraordinary dividend, equivalent to thirty-seven pesos (COL $37) per share, for a total dividend of two hundred and eighty (COL $280) pesos per share, will be distributed, equivalent to COP$11,512,674,513,255. The ordinary and extraordinary dividends for minority shareholders will be paid in one installment on April 21,

BOGOTA, Colombia, March 1, 2022 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) ("Ecopetrol" or the "Company") hereby informs of the Company's 2021 earnings distribution proposal, approved by the Board of Directors of Ecopetrol S.A., which will be submitted for the consideration of the General Shareholders' Meeting that will take place on March 30, 2022:   2021 EARNINGS DISTRIBUTION PROPOSAL (Colombian Pesos- COP) Net income after provision for income tax 16,694,683,910,302 + Release of reserves from previous years 5,886,440,765,975 Occasional reserve for sustainability 5,377,359,162,612 Excess fiscal depreciation reserve (Art.130 ET.) 509,081,603,363 - Legal reserves of the curren

BOGOTÁ, Colombia, Feb. 9, 2022 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announces the launch of its 2040 strategy and its operational and financial targets for the 2022 - 2024 term (22 – 24 Plan). The long-term strategy of the Ecopetrol Group (GE for its Spanish acronym), so-called "Energy that Transforms", fully addresses current environmental, social, and governance challenges, maintaining its focus on generating sustainable value for all its stakeholders. Its objective is to consolidate an agile and dynamic organization that promptly adapts to the cha

BOGOTA, Colombia, Feb. 23, 2021 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) ("Ecopetrol" or the "Company") hereby informs of the Company's 2020 earnings distribution proposal, approved by its Board of Directors, which will be submitted for the consideration of the General Shareholders Meeting that will take place on March 26, 2021: EARNINGS DISTRIBUTION PROPOSAL YEAR  2020 (Colombian pesos) Net income after provision for income tax 1,688,076,670,736  + Release of reserves from previous years 5,066,155,572,046 Occasional reserve 4,557,073,968,683 Excess of fiscal depreciation reserve (Art, 130 ET,) 509,081,603,363  - Legal reserves of the curre