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Ecopetrol - EC STOCK NEWS

Welcome to our dedicated page for Ecopetrol news (Ticker: EC), a resource for investors and traders seeking the latest updates and insights on Ecopetrol stock.

Ecopetrol S.A. (EC), Colombia's leading integrated energy company, drives innovation across oil exploration, refining, and critical infrastructure development. This news hub provides investors and industry professionals with essential updates on operational milestones, financial performance, and strategic initiatives shaping Latin America's energy landscape.

Access authoritative coverage of Ecopetrol's core activities including hydrocarbon production updates, pipeline logistics advancements, and petrochemical innovations. Our curated collection features earnings announcements, partnership agreements, sustainability efforts, and regulatory developments directly impacting the company's market position.

Key updates include detailed analyses of exploration projects in strategic basins, refinery optimization progress, and infrastructure investments across electric power transmission networks. Track evolving strategies in energy transition initiatives and international market expansions through verified press releases and expert commentary.

Bookmark this page for real-time access to Ecopetrol's official communications and third-party analyses. Stay informed about critical developments affecting one of South America's most significant vertically integrated energy enterprises through our comprehensive news aggregation.

Rhea-AI Summary
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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Ecopetrol reported a positive net incorporation of 119 MBPE in 2023, with a 43% increase in organic incorporation compared to 2022. The Reserve Replacement Ratio was 48%, with 7.6 years average reserve life. 89% of reserves are in Colombia, and 11% in the US.
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Ecopetrol S.A. achieved the second-best financial results in its history in 2023 despite challenges like lower oil prices, inflation, and higher taxes. The company capitalized on OPEC+ cuts and strong refined product differentials. They reported a net profit of COP 19.1 trillion, an EBITDA of COP 60.7 trillion, and an EBITDA margin of 42%. Key achievements include record production, transport volumes, and refining throughput. In 2023, they issued international bonds, transferred COP 58 trillion to the Nation, and maintained a strong financial position.
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Ecopetrol S.A. proposes the distribution of 2023 earnings, with a net income of COP 19.06 trillion. The proposal includes an ordinary dividend of COP 278 per share and an extraordinary dividend of COP 34 per share, totaling COP 312 per share. The company plans to pay dividends in three installments to minority shareholders and in full to the majority shareholder by December 31, 2024. Additionally, an occasional reserve of COP 11.99 trillion is allocated to enhance financial sustainability.
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Ecopetrol's subsidiary Refineria de Cartagena S.A.S. (Reficar) receives approval for restructuring plan from UK court, potentially gaining 19.9% of McDermott International Ltd.'s common stock. Ecopetrol, a major energy company in Colombia, operates in various segments domestically and internationally.
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Ecopetrol

NYSE:EC

EC Rankings

EC Stock Data

18.75B
2.06B
1.01%
0.7%
Oil & Gas Integrated
Energy
Link
Colombia
Bogotá