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Ecopetrol S.A - EC STOCK NEWS

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. (

News

Ecopetrol announces new Senior Management appointments

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Ecopetrol S.A. (ECOPETROL; EC) announces changes in its senior management team of the Upstream Vice-Presidency to align its hydrocarbons exploration and production activities with the energy transition. Elsa Jeanneth Jaimes is confirmed as Vice President of Offshore, and Juan Diego Puerta is appointed as the new Vice President of Exploration. Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with a significant presence in hydrocarbon production, transportation, logistics, refining, petrochemicals, and gas distribution. It also has international operations in strategic basins in the United States, Brazil, and Mexico, as well as in energy transmission, road concessions, and the telecommunications sector in various countries. The press release includes business prospect statements, operating and financial result estimates, and growth prospects for Ecopetrol.
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Fitch Ratings maintains Ecopetrol S.A.'s rating at BB+, with a stable outlook

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Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) Affirmed 'BB+' Long-Term Rating by Fitch Ratings with Stable Outlook
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Ecopetrol's third quarter 2023 results

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Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announced its third-quarter financial results for 2023, revealing an EBITDA of COP 16.0 trillion and a net profit of COP 5.1 trillion. Despite impressive operating performance, challenges such as a lower Brent-COP ratio and higher effective tax rate impacted the results.
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Ecopetrol refers to the information disclosed today, November 8, 2023, by a news website about a General Shareholders' Meeting of Ecopetrol S.A.

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Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs about the convening of an extraordinary meeting of the General Shareholders. The company has received a request from the Ministry of Finance and Public Credit to consider statutory reform and election of Board members. The announcement for the General Shareholders' Meeting will be disclosed to the market in accordance with regulations.
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Ecopetrol announces the dates for the publication of its third quarter 2023 earnings report and conference call

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Ecopetrol S.A. announces the dates for the publication of its third quarter 2023 earnings report and conference call.
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Drilling of deepwater Glaucus-1 well confirms extension of gas province in the Colombian Caribbean

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Ecopetrol confirms presence of natural gas in deep waters of Colombian Caribbean
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Ecopetrol reports that Luis Felipe Rivera has been appointed as Vice President of Science, Technology, and Innovation

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Ecopetrol appoints Luis Felipe Rivera as Vice President of Science, Technology, and Innovation.
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Ecopetrol Group presents its third specialized report on climate change management following the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)

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Ecopetrol publishes its third TCFD report on climate change management
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Ecopetrol informs appointments in senior management and legal representation

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Ecopetrol announces appointments in senior management and legal representation.
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Moody's Investors Service affirmed Ecopetrol S.A.'s investment grade rating at Baa3

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Moody's affirms Ecopetrol's credit rating at Baa3 with negative outlook, highlighting reserve replacement strategy and stable cash flow from subsidiaries.
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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.

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Ecopetrol S.A

NYSE:EC

EC Rankings

#631 Ranked by Market Cap
#3 Ranked by Dividends

EC Stock Data

16.30B
41.12B
1.4%
0.65%
Oil & Gas Integrated
Energy
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United States of America
Bogotá