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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 issues statement regarding the restructuring of McDermott International, counterparty to Refinería de Cartagena S.A.S. in arbitration proceeding

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Ecopetrol responds to McDermott International's intention to start financial restructuring proceedings for its CB&I subsidiaries in the UK and the Netherlands. Refinería de Cartagena S.A.S. condemns McDermott's statements and confirms its intention to uphold the arbitral award. Ecopetrol closely monitoring the situation.
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Ecopetrol announces adjustments to its 2040 Strategy, called "Energy that transforms"

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Ecopetrol adjusts its 2040 strategy to focus on maximizing gas potential in the Colombian Caribbean Offshore and optimizing internal energy consumption. Other elements of the strategy remain unchanged. The company reaffirms its commitment to a just and equitable energy transition and strict capital discipline for profitable and sustainable growth.
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Ecopetrol announces the date of the next Investor Day on Strategy 2040, called "Energy that Transforms".

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Ecopetrol to hold Investor Day on September 11 to commemorate its 15th anniversary on NYSE
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Ecopetrol announces senior management changes

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Ecopetrol S.A. announces changes in senior management, including retirements and appointments. Ana Milena López Rocha is appointed as Corporate Vice President of Finance and Sustainable Value. David Alfredo Riaño Alarcón is appointed as Vice President of Low Emission Solutions. The company thanks outgoing vice presidents for their contributions. Ecopetrol is the largest energy company in Colombia and holds leading positions in various segments.
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Ecopetrol S.A. prepays its 10-year Notes due September 2023

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Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announced the redemption of notes issued in 2013, with a prepayment of USD821,613,148.865 plus accrued interest. The company reaffirms its commitment to its refinancing strategy and investment plan for 2023. Ecopetrol is the largest company in Colombia, with a significant presence in the energy sector in Colombia and internationally.
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Ecopetrol Group's financial results for the second quarter and cumulative year to date for 2023

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Ecopetrol announces the dates for the publication of its second quarter 2023 earnings report and conference call

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The Board of Directors of Ecopetrol S.A. announces on the execution of operation to sanction the theft and smuggling of hydrocarbons

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Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reiterates its collaboration with authorities in the 'Bunkering Imperio' operation and emphasizes no evidence implicating the company in criminal proceedings. The company is committed to preventing the smuggling and theft of hydrocarbons. Ecopetrol is the largest company in Colombia and a major integrated energy company in the American continent, with significant operations domestically and internationally.
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Ecopetrol S.A. announces prepayment of its Notes maturing in September 2023.

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Ecopetrol to redeem remaining international notes maturing in September 2023
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Ecopetrol appointed Germán González Reyes as Vice President of Corporate Affairs and Secretary General in charge of Ecopetrol S.A.

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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