Ecopetrol S.A. reports on the Protocolization of the Bylaws Amendment Approved by the Extraordinary General Shareholders' Meeting

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Ecopetrol S.A. reports the formalization of the amendment to its Bylaws, approved by the General Assembly of Shareholders. The company is a major player in Colombia's energy sector and holds significant positions in various segments. The press release includes business prospects, financial estimates, and growth projections.

BOGOTA, Colombia, Feb. 28, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that the amendment to the Bylaws of the company, which were approved by the General Assembly of Shareholders, in an extraordinary session on January 10, were formalized in Public Deed No. 137 dated February 20, 2024 from the 6th Notary of Bogotá D.C. and further registered in the Chamber of Commerce of Bogotá.

The amendment to the bylaws of the company were approved by the General Shareholders' meeting on January 10, 2024, and its full text were reported through this means on January 11, 2024.

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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. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This press release contains business prospect statements, operating and financial result estimates, and statements related to Ecopetrol's growth prospects. These are all projections and, as such, they are based solely on the expectations of the managers regarding the future of the company and their continued access to capital to finance the company's business plan. The realization of said estimates in the future depends on the behavior of market conditions, regulations, competition, and the performance of the Colombian economy and the industry, among other factors, and are consequently subject to change without prior notice.

For more information, please contact:

Head of Capital Markets
Carolina Tovar Aragón
Email: investors@ecopetrol.com.co 

Head of Corporate Communications (Colombia) 
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co

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SOURCE Ecopetrol S.A.

FAQ

What amendment to the Bylaws of Ecopetrol was formalized?

The amendment to the Bylaws of Ecopetrol, approved by the General Assembly of Shareholders, was formalized in Public Deed No. 137.

What percentage of ISA's shares did Ecopetrol acquire?

Ecopetrol acquired 51.4% of ISA's shares.

In which countries does Ecopetrol have operations?

Ecopetrol operates in the United States, Brazil, and Mexico, with strategic basins in the American continent.

What sectors does Ecopetrol participate in internationally?

Ecopetrol participates in energy transmission, real-time systems management, road concessions, and the telecommunications sector.

What kind of statements are included in the press release?

The press release contains business prospect statements, financial estimates, and growth projections for Ecopetrol.

Who can be contacted for more information about Ecopetrol?

For more information, contact Carolina Tovar Aragón, Head of Capital Markets, or Marcela Ulloa, Head of Corporate Communications in Colombia.