Welcome to our dedicated page for Ecopetrol S.A news (Ticker: EC), a resource for investors and traders seeking the latest updates and insights on Ecopetrol S.A stock.
Ecopetrol S.A. (NYSE: EC) is Colombia's largest and primary petroleum company, actively engaged in a diverse set of commercial and industrial activities within the energy sector. With operations spanning across the exploration, production, refining, and marketing of hydrocarbons, Ecopetrol also delves into the electric power transmission, road infrastructure projects, and telecommunications services. The company operates through four key business segments: Exploration and Production, Transport and Logistics, Refining and Petrochemical, and Electric Power Transmission and Toll Roads Concessions. The majority of its revenue is generated from the Refining and Petrochemical segment.
Founded as Empresa Colombiana de Petróleos S.A., Ecopetrol stands as a vital entity in Colombia's economy, responsible for over 60% of the nation's hydrocarbon production. Their influence extends to various international markets through strategic drilling and exploration operations in the United States, Brazil, and Mexico. The acquisition of a 51.4% stake in ISA has diversified Ecopetrol's operations into energy transmission and road concessions across several South American countries, including Chile, Peru, and Bolivia.
Recent developments include the approval of a financial restructuring plan for Chicago Bridge & Iron Company N.V. (
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Ecopetrol, the largest company in Colombia, has published its periodic year-end report for 2023, focusing on social, environmental, and climate issues. The report ensures the accuracy of financial statements and highlights the company's significant presence in the energy sector both domestically and internationally.
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Ecopetrol S.A. announces senior management changes with key executives resigning and temporary replacements appointed. The company expresses gratitude for their contributions. Ecopetrol is a major energy company in Colombia with significant operations in hydrocarbon production, transportation, logistics, refining, petrochemicals, and gas distribution. The company also has international operations in strategic basins in the American continent and holds leading positions in various sectors.
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Ecopetrol S.A. appoints new Chairperson and Vice-Chairperson of the Board and announces committee compositions. The company is a major player in the energy sector in Colombia and internationally, with diverse operations and strategic investments.
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Ecopetrol S.A. announces the publication of its financial statements for December 2023, complying with Colombian regulations. Ecopetrol is a major energy company in Colombia with significant operations in hydrocarbon production, transportation, logistics, refining, and international ventures in the Americas.
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Ecopetrol S.A. shareholders approved a dividend distribution of COP $312 per share during the General Ordinary Shareholders' Meeting. The company is a major player in Colombia's energy sector, with significant operations domestically and internationally.
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Ecopetrol S.A. held its General Shareholders' Meeting with high approval rates for various proposals. The shareholders voted overwhelmingly in favor of the agenda, appointment of key positions, and reports presented.
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Ecopetrol S.A. announces the approval of the financial restructuring plan for Refinería de Cartagena S.A.S. by the District Court of Amsterdam, involving convertible preferred shares from McDermott International Ecopetrol asserts its rights and those of Colombia, showcasing its significant presence in the energy sector.
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Ecopetrol S.A. secures a USD 1,200 million loan for debt management and maturity refinancing strategy, approved by the Ministry of Finance and Public Credit. The loan, with a term of five years, involves multiple lenders and confirms international financial sector support. The company complied with all required procedures to obtain the loan, with terms reviewed and authorized by the MHCP. The agreement outlines events of default, lender recourse, and is governed by New York law. Ecopetrol, a major energy company in Colombia and the Americas, has diverse operations in hydrocarbon production, transportation, logistics, refining, petrochemicals, gas distribution, energy transmission, and exploration in various countries.
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Ecopetrol S.A. nominates Dr. Álvaro Torres Macías as a candidate for the Board of Directors. The company, a major energy player in Colombia and the American continent, operates in various segments including hydrocarbon production, transportation, logistics, and petrochemicals. With recent acquisitions and international operations, Ecopetrol continues to expand its presence.
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Ecopetrol S.A. announces the nomination of Dr. Juan José Echavarría Soto as a candidate for the Board of Directors. The company, a major energy player in Colombia and the American continent, boasts a significant market presence and diverse operations. Ecopetrol's recent acquisition of ISA's shares further strengthens its position in energy transmission and infrastructure development.
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FAQ
What is the current stock price of Ecopetrol S.A (EC)?
The current stock price of Ecopetrol S.A (EC) is $7.92 as of November 15, 2024.
What is the market cap of Ecopetrol S.A (EC)?
The market cap of Ecopetrol S.A (EC) is approximately 16.3B.
What does Ecopetrol S.A. do?
Ecopetrol S.A. is engaged in the exploration, production, refining, transportation, and marketing of hydrocarbons and their derivatives. The company also focuses on electric power transmission, road infrastructure projects, and telecommunications services.
What are the key business segments of Ecopetrol?
Ecopetrol operates through four main business segments: Exploration and Production, Transport and Logistics, Refining and Petrochemical, and Electric Power Transmission and Toll Roads Concessions.
How did Ecopetrol perform financially in the first quarter of 2024?
Ecopetrol reported a revenue of COP 31.3 trillion and a net profit of COP 4.0 trillion for the first quarter of 2024, showcasing its operational resilience despite global economic challenges.
What recent achievements has Ecopetrol made?
Recent achievements include the approval of a financial restructuring plan for CB&I N.V. and the distribution of dividends approved at the General Ordinary Shareholders' Meeting.
What initiatives is Ecopetrol undertaking to promote sustainability?
Ecopetrol is committed to sustainability, reflected in its reductions in greenhouse gas emissions and the launch of the first solar farm in a refinery in Latin America.
What international operations does Ecopetrol have?
Ecopetrol has strategic drilling and exploration operations in the United States, Brazil, and Mexico, and through its subsidiary ISA, it engages in power transmission and road concessions in several South American countries.
How many employees does Ecopetrol have?
Ecopetrol employs over 18,000 talented individuals.
What is the significance of Ecopetrol's acquisition of ISA?
The acquisition of a 51.4% stake in ISA has diversified Ecopetrol's operations into energy transmission and road concessions across several South American countries.
Who can I contact for more information about Ecopetrol?
For more information, you can contact Carolina Tovar Aragón, Head of Capital Markets, at investors@ecopetrol.com.co, or Marcela Ulloa, Head of Corporate Communications, at marcela.ulloa@ecopetrol.com.co.
What role does Ecopetrol play in Colombia's energy sector?
Ecopetrol is responsible for over 60% of Colombia's hydrocarbon production and plays a leading role in the nation's transportation, logistics, and refining systems.
Ecopetrol S.A