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 |
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)
6-K - ECOPETROL S.A. (0001444406) (Filer)
6-K - ECOPETROL S.A. (0001444406) (Filer)
6-K - ECOPETROL S.A. (0001444406) (Filer)
BOGOTA, Colombia, July 7, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL, NYSE:EC, the ", Company", or ", Ecopetrol", and together with its subsidiaries, the ", Ecopetrol Group", ) has completed the acquisition of 100% of the shares of Wind Autogeneración S.A.S., from Enel S.A.S. The transaction was approved by Ecopetrol's Board of Directors in December 2024. Ecopetrol executed the share purchase agreement and recently completed conditions precedent for closing, including regulatory and anti-trust authorizations. The Windpeshi project, located in La Guajira, between the m
BOGOTA, Colombia, July 2, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL, NYSE:EC, the ", Company", or ", Ecopetrol", ) reports that, on June 3, 2025, the Colombian Tax and Customs Authority ("DIAN") notified Ecopetrol of Special Customs Requirement No. 525, in accordance with its interpretation of the law and pursuant to the applicable customs procedures. In this notice, DIAN announced its intention to issue an official adjustment assessment related to the Value Added Tax (VAT) on the import of diesel fuel (ACPM), and a penalty. The total amount of the proposed adjustment and penalty is COP 1.2 trillion, plus estimated interest of COP 0.5 trillion as of the date of the notice. This adj
BOGOTA, Colombia, July 1, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL, NYSE:EC, the ", Company", or ", Ecopetrol", ) announces that the Financial Superintendency of Colombia (SFC), through Resolution 1139 dated June 11, 2025[1], authorized an amendment to the prospectus for the issuance and placement program (the "PEC" or the "Program") of Ecopetrol's local public bonds and commercial paper. This amendment, formalized through Addendum No. 5, will be incorporated into the Program's prospectus and will include the following key updates: Issuance, under the PEC, of local
BOGOTA, Colombia, June 27, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL, NYSE:EC, the ", Company", ) informs that on June 27, 2025, the credit rating agency S&P Global Ratings downgraded Ecopetrol's global credit rating from BB+ to BB and maintained the negative outlook. This action is aligned with the downgrade of the Republic of Colombia's sovereign rating on June 26, 2025. Additionally, the agency affirmed Ecopetrol's Stand-Alone Credit Profile (SACP) at bb+. In its report, S&P stated that Ecopetrol's global rating was adjusted in line with Colombia's sovereign rating and remains capped by it, due to the Company's significance in national revenue generation, its status as a govern
BOGOTA, Colombia, June 27, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) (the "Company" or "Ecopetrol") announces that the credit rating agency Moody's has affirmed the Company's global credit rating at Ba1 with a stable outlook. The agency also confirmed Ecopetrol's standalone rating at b1. Moody's stated that the Ba1 global rating reflects Ecopetrol's position as Colombia's leading oil and gas producer, as well as its significant power transmission business in Colombia and other Latin American countries. The aforementioned factors support a global rating that is three notches above the Company's standalone rating, including the backing of the Colombian government through
BOGOTA, Colombia, June 27, 2025 /PRNewswire/ -- Ecopetrol announces that, following discussions with its ADR (American Depositary Receipts) program depositary bank, JPMorgan Chase Bank N.A., it has successfully extended the agreement to reduce by 50% the conversion fees for the issuance and cancellation of ADRs in the United States. This measure, originally announced on January 15, 2025, was initially set to remain in effect until July 10, 2025. With the extension, it will now remain valid through December 31, 2025. Given the positive reception of this initiative in the market
BOGOTA, Colombia, June 26, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL, NYSE:EC, the ", Company", or ", Ecopetrol", and together with its subsidiaries, the ", Ecopetrol Group", ) informs that on May 29, 2025, the Dirección de Impuestos y Aduanas Nacionales (the "Tax Authority") notified Refinería de Cartagena S.A.S. (the "Refinery") of two resolutions mandating the Refinery to conduct correction assessments in relation to customs import declarations for gasoline. In accordance with the Tax Authority's interpretation of the law, the Refinery owed approximately COP 1.0 trillion, plus estimated interests to date of COP 2.1 trillion, for the import of gasoline between 2022 and 2024. On J
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
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
BOGOTA, Colombia, July 7, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL, NYSE:EC, the ", Company", or ", Ecopetrol", and together with its subsidiaries, the ", Ecopetrol Group", ) has completed the acquisition of 100% of the shares of Wind Autogeneración S.A.S., from Enel S.A.S. The transaction was approved by Ecopetrol's Board of Directors in December 2024. Ecopetrol executed the share purchase agreement and recently completed conditions precedent for closing, including regulatory and anti-trust authorizations. The Windpeshi project, located in La Guajira, between the m
BOGOTA, Colombia, April 22, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announces that after market close on Tuesday, May 6, 2025, it plans to release its financial and operating results for the first quarter of 2025. On Wednesday, May 7, 2025, Ecopetrol's senior management plans to host a single virtual conference call to review the results, with transmission in Spanish and English. Please find below the time and links to access the conference: Conference Call 09:00 a.m. Col Time 10:00 a.m. NY Time To access the webcast, participants can use the following l
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, Feb. 18, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announces that after market close on Tuesday, March 4, 2025, it plans to release its financial and operating results for the fourth quarter and full year of 2024. On Wednesday, March 5, 2025, Ecopetrol's senior management plans to host a single virtual conference call to review the results, with transmission in Spanish and English. Please find below the time and links to access the conference: Conference Call 09:00 a.m. Col Time 09:00 a.m. NY Time To access the webcast, participants can u
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, Nov. 7, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) (the "Company") informs that, as previously announced, on Thursday, November 14, 2024, the Company's management will hold a single virtual conference with broadcasts in Spanish and English to discuss its financial and operating results for the third quarter of 2024. Given the change to Standard Time in the United States, the previously announced time for the conference call has changed to the one indicated below: Conference Call 09:00 a.m. Col Time 09:00 a.m. NY Time To access the webcast, the following link will be available:https://xegmenta.co/ecopetrol/conferencia-de-resultados-3t-2024/ Once you re
BOGOTA, Colombia, Oct. 31, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announces that after market close on Wednesday, November 13, 2024, it plans to release its financial and operating results for the third quarter of 2024. On Thursday, November 14, 2024, Ecopetrol's senior management plans to host a single virtual conference call to review the results, with transmission in Spanish and English. Please find below the time and links to access the conference: Conference Call 09:00 a.m. Col Time 10:00 a.m. NY Time To access the webcast, the following link wil
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, July 30, 2024 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) announces that after market close on Tuesday, August 13, 2024, it plans to release its financial and operating results for the second quarter of 2024. On Wednesday, August 14, 2024, Ecopetrol's senior management plans to host a single virtual conference call to review the results, with transmission in Spanish and English. Please find below the time and links to access the conference: Conference Call 09:00 a.m. Col Time 10:00 a.m. NY Time To access the webcast, the following link will be available: https://xegmenta.co/ecopetrol/conferencia-de-resultados-2t-2024/ Once you receive the invitation, you wil
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