Ecopetrol S.A. operates as an integrated oil and gas company. The company operates through three segments: Exploration and Production; Transport and Logistics; and Refining, Petrochemical and Biofuels. It engages in the exploration, production, and sale of oil and gas; offshore exploration; energy supply services; specialized management services; and distribution of natural gas and LPG activities. It also transports and distributes hydrocarbons and derivative products. As of December 31, 2020, the company had approximately 9,127 kilometers of crude oil and multi-purpose pipelines. In addition, the company manufactures and commercializes polypropylene resins, compounds, and masterbatches; and offers refined and petrochemical products, and biofuels, as well as industrial service sales to customers. It has operations in Colombia, the United States, Asia, Central America and the Caribbean, Europe, South America, and internationally. Ecopetrol S.A. has a strategic alliance with Occidental Petroleum Corporation. The company was formerly known as Empresa Colombiana de Petróleos and changed its name to Ecopetrol S.A. in June 2003. Ecopetrol S.A. was incorporated in 1948 and is based in Bogotá, Colombia.
IPO Year:
Exchange: NYSE
Website: ecopetrol.com.co
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/18/2025 | $9.00 → $14.00 | Neutral → Buy | Citigroup |
| 2/13/2025 | $9.50 | Underweight → Neutral | Analyst |
| 9/25/2024 | $12.00 → $8.50 | Neutral → Underweight | JP Morgan |
| 5/30/2024 | Neutral → Underperform | BofA Securities | |
| 3/4/2024 | $11.00 → $8.50 | Equal-Weight → Underweight | Morgan Stanley |
| 9/21/2023 | $11.20 | Underperform | Jefferies |
| 9/13/2023 | Buy → Neutral | Citigroup | |
| 8/23/2023 | $11.50 | Neutral | BofA Securities |
| 2/10/2023 | $12.50 → $12.00 | Buy → Hold | HSBC Securities |
| 2/9/2023 | $13.00 | Buy → Neutral | UBS |
Citigroup upgraded Ecopetrol from Neutral to Buy and set a new price target of $14.00 from $9.00 previously
Analyst upgraded Ecopetrol from Underweight to Neutral and set a new price target of $9.50
JP Morgan downgraded Ecopetrol from Neutral to Underweight and set a new price target of $8.50 from $12.00 previously
BofA Securities downgraded Ecopetrol from Neutral to Underperform
Morgan Stanley downgraded Ecopetrol from Equal-Weight to Underweight and set a new price target of $8.50 from $11.00 previously
Jefferies initiated coverage of Ecopetrol with a rating of Underperform and set a new price target of $11.20
Citigroup downgraded Ecopetrol from Buy to Neutral
BofA Securities resumed coverage of Ecopetrol with a rating of Neutral and set a new price target of $11.50
HSBC Securities downgraded Ecopetrol from Buy to Hold and set a new price target of $12.00 from $12.50 previously
UBS downgraded Ecopetrol from Buy to Neutral and set a new price target of $13.00
6-K - ECOPETROL S.A. (0001444406) (Filer)
6-K - ECOPETROL S.A. (0001444406) (Filer)
6-K - ECOPETROL S.A. (0001444406) (Filer)
6-K - ECOPETROL S.A. (0001444406) (Filer)
6-K - ECOPETROL S.A. (0001444406) (Filer)
6-K - ECOPETROL S.A. (0001444406) (Filer)
6-K - ECOPETROL S.A. (0001444406) (Filer)
20-F - ECOPETROL S.A. (0001444406) (Filer)
6-K - ECOPETROL S.A. (0001444406) (Filer)
6-K - ECOPETROL S.A. (0001444406) (Filer)
BOGOTA, Colombia, June 5, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL, NYSE:EC, the ", Company", ) informs that S&P Global Ratings maintained the Company's global credit rating at BB+ as well as its negative outlook, as reported today, June 4, 2025. Additionally, the agency lowered the Company's Stand Alone Credit Profile (SACP) rating from bbb- to bb+. S&P mentioned that lower oil prices and exchange rate volatility have impacted the Company's financial performance during the last year, and it estimated that Ecopetrol's debt/EBITDA ratio would remain at a level above 2.0. The rating agency positively highlighted the Company's strategy, focused on growth prospects, reserve replenish
BOGOTA D.C., Colombia, June 4, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announces that the Board of Directors appointed Rodolfo Mario García Paredes as Acting Corporate Compliance Director and Interim Anti-Money Laundering Compliance Officer at its June 3, 2025 meeting, effective as of June 4, 2025. Mr. García Paredes, who has most recently served as Legal Manager of Hydrocarbons, is an attorney specializing in public management and institutions. For more than 25 years he has belonged to Ecopetrol's Corporate Legal Vice Presidency, where he has held senior positions, including Legal Advisory Manager for Exploration, Legal Manager for New Business, Corporate Affairs, and
BOGOTA, Columbia, May 21, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announces that it executed an asset purchase purchase agreement with Statkraft European Wind and Solar Holding, AS ("Statkraft") on May 20, 2025, for the potential acquisition of its portfolio in Colombia. This portfolio includes one company dedicated to the development and operation of solar and wind assets, six special purpose entities owning solar projects (614 MW), and three special purpose entities owning wind projects (750 MW) (the "Portfolio"). The agreement is subject to the fulfillment of conditions precedent and other legal requirements, which, once met, is intended to allow Ecopetrol S.A. to a
BOGOTA, Colombia, April 28, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announces that the Ministry of Finance and Public Credit ("MHCP") authorized the company to execute a loan agreement of up to USD 500 million with [Banco Santander, S.A.], by means of Resolution 0910 dated April 25, 2025. The term of the loan will be five years, payable at maturity, and the interest rate will be indexed to the SOFR rate. The funds from this operation are intended to be allocated to non-investment expenses, in accordance with the Resolution issued by the MHCP and the company's 2025 financing plan and help reach the Gross Debt/EBITDA target for the year. To obtain the MHCP authorization
BOGOTA, Colombia, April 24, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announces that a joint plan has been initiated to determine the best alternative to ensure the continuity of the projects in the Southern Caribbean following Shell's decision to withdraw from its offshore assets in said region. In the Col 5, Purple Angel, and Fuerte Sur blocks, there are gas discoveries Kronos-1, Purple Angel 1, Gorgon 1 and 2, and Glaucus 1, which were operated by Shell. Shell's decision is related to its global portfolio strategy and management. These technically and economically viable projects are a priority for Ecopetrol and the country. Therefore, actions are being evaluated to
BOGOTA, Colombia, April 24, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announces that in its session on April 23, 2025, the following appointments were approved: Julián Fernando Lemos as Corporate Vice President of Strategy and New Business, effective May 1, 2025. Julián has been serving as Acting Vice President since September 16, 2024. He holds a degree in Mechanical Engineering from the National University of Colombia and a specialization in Social and Economic Project Evaluation from the University of Los Andes. He has 19 years of experience in leadership, strategy, investment management, and business development roles, with 10 years in the oil, gas, and electric pow
BOGOTA, Colombia, April 24, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) informs the filing of its annual report under Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (the "SEC"). With the filing of its annual report under Form 20-F, the Company complies with its reporting obligations with the SEC, the New York Stock Exchange (NYSE), bondholders, and investors. The annual report includes, among others, the financial statements of Ecopetrol in accordance with International Financial Reporting Standards (IFRS) as adopted by the International Accounting Standards Board that were audited and certified in compliance with i
BOGOTA, Colombia, April 24, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) informs that the Board of Directors, in its session on April 22 and 23, 2025, decided that Guillermo García Realpe and Mónica de Greiff Lindo will continue in their roles as Chairperson and Vice-Chairperson of the Board of Directors, respectively. The Board of Directors also approved the formation of its support committees as follows: AUDIT AND RISK COMMITTEE Álvaro Torres Macías (Chairperson)Angela María Robledo GómezMónica de Greiff LindoGuillermo García RealpeRicardo Rodríguez YeeBUSINESS COMMITTEE Mónica de Greiff Lindo (Chairperson)Guillermo García RealpeÁlvaro Torres MacíasAlberto José Merlano A
GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent energy company with over 20 years of successful operations across Latin America, announces the appointment of Felipe Bayon as its new Chief Executive Officer and a member of the Board of Directors, effective June 1, 2025. This appointment follows the decision of Andrés Ocampo to step down for personal reasons. Mr. Bayon is recognized as one of the most effective energy executives in Latin America with more than three decades of accomplishments in the international oil and gas industry. From 2017 to 2023, Mr. Bayon was CEO of Ecopetrol (NYSE:EC), one of the most important energy groups in Latin America, where he
BOGOTA, Colombia, April 22, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) has published the periodic year-end report for 2024, which contains sections related to company practices, policies, processes and indicators in connection with social and environmental matters, including climate issues. This report was published pursuant to External Circulars 012 of 2022 and 031 of 2021, both issued by the Financial Superintendence of Colombia (Superintendencia Financiera de Colombia). Ecopetrol has also published the legal representative letter certifying that the fin
BOGOTA D.C., Colombia, June 4, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announces that the Board of Directors appointed Rodolfo Mario García Paredes as Acting Corporate Compliance Director and Interim Anti-Money Laundering Compliance Officer at its June 3, 2025 meeting, effective as of June 4, 2025. Mr. García Paredes, who has most recently served as Legal Manager of Hydrocarbons, is an attorney specializing in public management and institutions. For more than 25 years he has belonged to Ecopetrol's Corporate Legal Vice Presidency, where he has held senior positions, including Legal Advisory Manager for Exploration, Legal Manager for New Business, Corporate Affairs, and
GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent energy company with over 20 years of successful operations across Latin America, announces the appointment of Felipe Bayon as its new Chief Executive Officer and a member of the Board of Directors, effective June 1, 2025. This appointment follows the decision of Andrés Ocampo to step down for personal reasons. Mr. Bayon is recognized as one of the most effective energy executives in Latin America with more than three decades of accomplishments in the international oil and gas industry. From 2017 to 2023, Mr. Bayon was CEO of Ecopetrol (NYSE:EC), one of the most important energy groups in Latin America, where he
BOGOTA, Colombia, March 31, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) informs that during the ordinary General Shareholders' Meeting held on March 28, 2025, which was duly convened in accordance with the legal and statutory requirements applicable to the Company, the shareholders cast their votes on each of the below items on the agenda: Approval of the agendaThe proposed agenda for the meeting was approved. Appointment of the Chair of the MeetingMr. Guillermo García Realpe, Chair of the Board of Directors, was appointed as Chair of the Meeting. Appointmen
BOGOTA, Colombia, March 5, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announces the resignation of Dr. Edwin Palma Egea, which was submitted today to the Board of Directors and effective as of March 6, 2025. As a result, the Board of Directors appointed Ms. Angela María Robledo Gómez to replace Dr. Palma as a member of the Business Committee during its session on March 5, 2025. As of March 6, 2025, the Business Committee will be composed of the following members of the Board of Directors: Mónica de Greiff Lindo (Chairperson)Angela María Robledo GómezÁlvaro
BOGOTA, Colombia, Feb. 21, 2025 /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. 029 of 2014), the Board of Directors of Ecopetrol approved the implementation of the measures described below which are aimed at guaranteeing the adequate representation of shareholders at the Ordinary General Shareholder's Meeting to be held on March 28, 2025. The Board instructed the Company's management to: Inform shareholders of their right to be represented through the appointment of a proxy and indicate th
BOGOTA, Colombia , Dec. 16, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) (the "Company") announces that Germán González Reyes, who has been serving as Secretary General since September 29, 2023 (as announced on that date) and Acting Director of Institutional Relations and Communications since June 28, 2024 (as announced on that date), will perform his duties until January 17, 2025. Ecopetrol thanks Germán González for his seven years of service, his valuable management, and the contributions made to Ecopetrol, and wishes him much success in his new professional endeavors.
BOGOTA, Colombia, Sept. 3, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) ("Ecopetrol" or the "Company") announces that the Board of Directors made the following appointments on August 30, 2024: David Alfredo Riaño Alarcón, Executive Vice President of Energy Transition, as legal and alternate commercial representative.Camilo Barco Muñoz, Corporate Vice President of Finance and Sustainable Value, as alternate legal and commercial representative.Cristina Toro Restrepo, Corporate Legal Vice President, as alternate legal and commercial representative.Ecopetrol also
BOGOTA, Colombia, June 28, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) ("Ecopetrol" or the "Company") informs that the Board of Directors, in its meeting held on June 28, 2024 adopted the following decisions: As part of the implementation of the new organizational structure, approved and reported on June 6, 2024, the following appointments were made: Sandra Lucía Rodríguez, who currently serves as Vice President of Sustainable Territorial Development, will be in charge of the Corporate Vice Presidency of Territorial Transformation and Health Safety and the Environment.Jaime Pineda, who currently serves as Vice President of Procurement and Services, will be in charge of th
BOGOTA, Colombia, June 5, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) reports that on May 29, 2024, the second-call ordinary meetings for the bondholders of local bond issuances made in 2010 and 2013 were held. These meetings were previously convened by the representatives of the bondholders, Alianza Valores Fiduciaria S.A. and Itaú Fiduciaria Colombia S.A. (the "Representatives"), through a widely circulated newspaper on May 21, 2024. The Representatives conducted the second call for bondholders' meetings with the purpose of submitting for consideration the statutory amendment approved by Ecopetrol's Ordinary General Shareholders' Meeting on March 22, 2024, in accordance
BOGOTÁ, Colombia, May 21, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) informs that, as reported yesterday, May 20, 2024, the quorum required to hold the ordinary meeting of holders of Ecopetrol's bonds issued in 2010 and 2013 were not met. Such meetings had previously been called by Alianza Valores Fiduciaria S.A. and Itaú Fiduciaria Colombia S.A., as representatives of holders of the 2010 and 2013 bonds, respectively (the "Representatives"). For the above reason, the Representatives have made a second call to the aforementioned bondholder assemblies, to submit for their consideration the statutory reform approved by the Ordinary General Assembly of Ecopetrol Shareholders