Ecopetrol Informs of Ongoing Negotiations with Occidental Petroleum Corp.
Ecopetrol S.A. (NYSE: EC) is in negotiations with Occidental Petroleum Corp. (OXY) to potentially acquire a percentage of assets owned by CrownRock, a U.S.-based company. The exact percentage and price are still under assessment and subject to ongoing negotiations. Any final agreements, financing, and closing procedures will require statutory and regulatory approvals.
Ecopetrol, Colombia's largest company and a major integrated energy player in the Americas, operates across various sectors including hydrocarbon production, transportation, refining, petrochemicals, and gas distribution. The company also holds a 51.4% stake in ISA, expanding its presence in energy transmission and infrastructure.
This potential acquisition aligns with Ecopetrol's international expansion strategy, complementing its existing operations in strategic basins across the American continent, including the Permian basin and Gulf of Mexico in the United States.
Ecopetrol S.A. (NYSE: EC) è in trattative con Occidental Petroleum Corp. (OXY) per l'eventuale acquisizione di una percentuale di beni posseduti da CrownRock, un'azienda statunitense. La percentuale esatta e il prezzo sono ancora in fase di valutazione e soggetti a trattative in corso. Qualsiasi accordo finale, finanziamento e procedure di chiusura richiederanno approvazioni legali e normative.
Ecopetrol, la più grande azienda colombiana e un attore energetico integrato di grande rilievo nelle Americhe, opera in vari settori tra cui produzione di idrocarburi, trasporto, raffinazione, petrolchimica e distribuzione di gas. L'azienda detiene anche una partecipazione del 51,4% in ISA, ampliando la sua presenza nella trasmissione di energia e nelle infrastrutture.
Questa potenziale acquisizione è in linea con la strategia di espansione internazionale di Ecopetrol, completando le sue operazioni esistenti in bacini strategici lungo il continente americano, inclusi il bacino del Permiano e il Golfo del Messico negli Stati Uniti.
Ecopetrol S.A. (NYSE: EC) está en negociaciones con Occidental Petroleum Corp. (OXY) para potencialmente adquirir un porcentaje de los activos de CrownRock, una empresa con sede en EE.UU. El porcentaje exacto y el precio aún están bajo evaluación y son objeto de negociaciones en curso. Cualquier acuerdo final, financiamiento y procedimientos de cierre requerirán aprobaciones legales y regulatorias.
Ecopetrol, la empresa más grande de Colombia y un importante actor energético integrado en las Américas, opera en varios sectores, incluyendo producción, transporte, refinación de hidrocarburos, petroquímicos y distribución de gas. La compañía también posee una participación del 51.4% en ISA, expandiendo su presencia en transmisión de energía e infraestructura.
Esta posible adquisición se alinea con la estrategia de expansión internacional de Ecopetrol, complementando sus operaciones existentes en cuencas estratégicas a lo largo del continente americano, incluidos el área del Pérmico y el Golfo de México en los Estados Unidos.
에코페트롤 S.A. (NYSE: EC)는 옥시덴탈 페트롤리움 Corp. (OXY)와 협상 중이며, 이는 미국에 본사를 둔 크라운록이 소유한 자산의 일부를 인수할 가능성이 있습니다. 정확한 비율과 가격은 아직 평가 중이며 현재 진행 중인 협상의 대상입니다. 최종 합의, 자금 조달 및 마감 절차는 법적 및 규제 승인이 필요합니다.
에코페트롤은 콜롬비아 최대의 기업이자 아메리카 대륙의 주요 통합 에너지 기업으로, 탄화수소 생산, 운송, 정제, 석유화학 및 가스 분배 등 다양한 분야에서 운영되고 있습니다. 이 회사는 또한 ISA의 51.4% 지분을 보유하고 있어 에너지 전송 및 인프라에 대한 존재감을 확장하고 있습니다.
이번 잠재적 인수는 에코페트롤의 국제 확장 전략과 일치하며, 미국의 퍼미안 분지 및 멕시코 만을 포함하여 아메리카 대륙 전역의 전략적 분지에서 기존 운영을 보완하고 있습니다.
Ecopetrol S.A. (NYSE: EC) est en négociations avec Occidental Petroleum Corp. (OXY) pour acquérir potentiellement un pourcentage des actifs détenus par CrownRock, une entreprise basée aux États-Unis. Le pourcentage exact et le prix sont encore en cours d'évaluation et soumis à des négociations en cours. Tout accord final, financement et procédures de clôture nécessiteront des approbations légales et réglementaires.
Ecopetrol, la plus grande entreprise de Colombie et un acteur énergétique intégré majeur en Amérique, opère dans divers secteurs, y compris la production d'hydrocarbures, le transport, le raffinage, la pétrochimie et la distribution de gaz. La société détient également une participation de 51,4 % dans ISA, ce qui renforce sa présence dans le domaine de la transmission d'énergie et des infrastructures.
Cette acquisition potentielle s'inscrit dans la stratégie d'expansion internationale d'Ecopetrol, complétant ses opérations existantes dans des bassins stratégiques à travers le continent américain, y compris le bassin permien et le golfe du Mexique aux États-Unis.
Ecopetrol S.A. (NYSE: EC) befindet sich in Verhandlungen mit Occidental Petroleum Corp. (OXY) über die mögliche Übernahme eines Prozentsatzes von Vermögenswerten, die CrownRock, einem US-Unternehmen, gehören. Der genaue Prozentsatz und Preis werden noch bewertet und unterliegen laufenden Verhandlungen. Alle endgültigen Vereinbarungen, Finanzierungen und Abschlussverfahren erfordern gesetzliche und regulatorische Genehmigungen.
Ecopetrol, das größte Unternehmen Kolumbiens und ein bedeutender integrierter Energiedienstleister in den Amerikas, ist in verschiedenen Sektoren tätig, darunter die Produktion, derTransport, die Raffinierung, die Petrochemie und die Gasverteilung. Das Unternehmen hält auch einen 51,4% Anteil an ISA, was seine Präsenz im Bereich Energieübertragung und Infrastruktur erweitert.
Diese potenzielle Übernahme steht im Einklang mit der internationalen Expansionsstrategie von Ecopetrol und ergänzt die bestehenden Aktivitäten in strategischen Becken auf dem amerikanischen Kontinent, einschließlich des Permian-Beckens und des Golf von Mexiko in den Vereinigten Staaten.
- Potential expansion of Ecopetrol's U.S. asset portfolio through CrownRock acquisition
- Strengthening of Ecopetrol's position in strategic American basins
- Diversification of operations across energy and infrastructure sectors
- Uncertainty regarding the final terms and price of the potential acquisition
- Pending regulatory and statutory approvals for the transaction
- Potential financial implications of the acquisition on Ecopetrol's balance sheet
The potential acquisition of assets from CrownRock by Ecopetrol indicates a strategic move to expand its footprint in the U.S. energy market. This could be a significant step for Ecopetrol's long-term growth, given CrownRock's presence in lucrative basins. However, investors should be mindful of several key points:
- Financing the acquisition: The details about the price and financing method are not disclosed. The success of this deal will heavily depend on how Ecopetrol plans to finance it, whether through debt, equity, or a mix of both.
- Regulatory approvals: The acquisition will require multiple statutory and regulatory approvals. This process can be lengthy and unpredictable, potentially delaying the transaction.
- Market conditions: The acquisition's success will also depend on market conditions in both Colombia and the U.S. Any significant shifts in oil prices or geopolitical events could impact the deal's value.
For short-term investors, the uncertainty around the negotiation details means a volatile period ahead. Long-term investors might see this as a strategic move to diversify and strengthen Ecopetrol's asset base in a stable and productive market.
From a market research perspective, this negotiation underscores Ecopetrol's strategic focus on diversification and expansion outside Colombia. The U.S. energy market, particularly the Permian Basin, is one of the most productive oil regions in the world. By acquiring assets from CrownRock, Ecopetrol could significantly bolster its production capabilities and market presence.
- Asset Quality: The quality and potential output of the CrownRock assets will be important in determining the long-term benefits of this acquisition. Investors should look for further announcements detailing these aspects.
- Competitive Positioning: This move could enhance Ecopetrol's competitive positioning in the American market, giving it access to newer technologies and operational efficiencies practiced in the U.S.
This potential acquisition could be viewed positively as it positions Ecopetrol for future growth and resilience in a volatile market. However, much depends on the final terms and successful integration of these assets into Ecopetrol's existing operations.
BOGOTÁ,
![Ecopetrol Logo. Ecopetrol Logo.](https://mma.prnewswire.com/media/95646/ecopetrol_s_a__logo.jpg)
The execution of any final agreements, potential financing, and other procedures leading to the eventual closing of this transaction are subject to statutory and regulatory approvals applicable to Ecopetrol.
Ecopetrol plans to report on the outcome of the negotiations.
Ecopetrol is the largest company in
This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the
For more information, please contact:
Head of Capital Markets (a)
Lina Maria Contreras Mora
Email: investors@ecopetrol.com.co
Head of Corporate Communications
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co
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SOURCE Ecopetrol S.A.
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