Ecopetrol

Ecopetrol SA engages in the exploration, development, and production of crude oil and natural gas. It operates through the following segments: Exploration and Production, Transportation and Logistics, and Refining and Petrochemicals. The Exploration and Production segment deals with oil and gas exploration and production activities. The Transportation and Logistics segment comprises of pipelines and other transportation activities. The Refining and Petrochemicals segment involves in refining activities and its products include motor fuels, fuel oils, and petrochemicals. The company was founded in 1948 and is headquartered in Bogota, Colombia.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Ecopetrol excels in Q2 with strong financials and sustainability focus

Ecopetrol's Q2 performance reflects financial strength, operational resilience, and commitment to sustainability and innovation.
Challenges include environmental factors, gasoline imports, and limited refining capacity growth opportunities in Colombia.
Opportunities exist in resolving disputes, aligning fuel prices, and investing in low-emission businesses for future growth and competitiveness.
Debt refinancing, capital allocation plans, and market monitoring demonstrate financial prudence and strategic planning by Ecopetrol.

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Chevron

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TotalEnergies SE

Brazil was unable to sell exploratory rights in the most promising offshore oil-rich blocks put up for sale. Despite the waning interest, Shell (RDS.A) acquired stakes in five Santos basin blocks.

Brazil Offshore Leases Draw Little Interest From Bidders

Ecopetrol (EC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Ecopetrol (EC) Moves 5.4% Higher: Will This Strength Last?

BOGOTÁ, Colombia, Sept. 14, 2021 /PRNewswire/ -- Ecopetrol S.A.

Ecopetrol informs of the sanction imposed by ANLA

Ecopetrol (EC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will Ecopetrol (EC) Gain on Rising Earnings Estimates?

BOGOTÁ, Colombia, Sept. 1, 2021 /PRNewswire/ -- Ecopetrol S.A.

Moody's maintained the rating of Ecopetrol S.A. and changed its outlook

BOGOTÁ, Colombia, Aug. 30, 2021 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("the Company"), informs that during the session held on Friday August 27, 2021, its Board of Directors approved the framework for the Third Round of the Program for the Issuance and Placement of Common Stock ("the Program"), in accordance with Law 1118 of 2006 ("Law 1118").

Ecopetrol's Board of Directors approved framework for the Potential Issuance and Placement of Common Stock

BOGOTÁ, Colombia, Aug. 20, 2021 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE; EC) informs that on August 20, 2021, the closing conditions set forth in the Inter-administrative Contract, dated August 11, 2021, between Ecopetrol and the Colombian Ministry of Finance and Public Credit ("MHCP") relating to the acquisition by Ecopetrol of 569,472,561 shares (the "Shares") of Interconexión Eléctrica S.A.

Ecopetrol Informs Of The Closing Of The Transaction With The Colombian Ministry of Finance and Public Credit Through Which Ecopetrol Acquired A 51.4% Stake Of ISA

BOGOTA, Colombia, Aug. 18, 2021 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE; EC) informs that the risk rating agency Standard & Poor's ("S&P") maintained the international long-term rating of Ecopetrol S.A.

S&P Global Ratings maintains the rating of Ecopetrol S.A. in BB+, with a stable outlook

BOGOTÁ, Colombia , Aug. 16, 2021 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that by means of Resolution 1928 of August 13, 2021, the Ministry of Finance and Public Credit ("MHCP") authorized Ecopetrol S.A.

Ecopetrol obtains authorization to sign an external credit loan with international banks for up to US$4,000 million to finance the acquisition of ISA

BOGOTÁ, Colombia , Aug. 11, 2021 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC, the "Company") informs that on August 11, 2021, it signed the Inter-administrative Share Purchase Agreement ("the Inter-Administrative Agreement") with the Colombian Ministry of Finance and Public Credit ("MHCP"), through which the Company agreed to acquire 569,472,561 shares of Interconexión Eléctrica S.A.

Ecopetrol informs that it signed an Inter-administrative share purchase agreement with the Colombian Ministry of Finance and Public Credit through which it acquires a 51.4% stake in ISA

Ecopetrol S.A. (EC) CEO Felipe Bayón on Q2 2021 Results - Earnings Call Transcript

BOGOTA, Colombia, Aug. 4, 2021 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that it has voluntarily adopted the recommendations issued by the Financial Stability Board's Task Force on Climate-Related Financial Disclosures (TCFD) as part of its disclosure policies.

The Ecopetrol Group presents its first Stand-Alone report following the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations

BOGOTÁ, Colombia, Aug. 3, 2021 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announced today the Ecopetrol Group's financial results for the second quarter and the first half of 2021.

Ecopetrol Group Announces Second Quarter 2021 Results

BOGOTÁ, Colombia, Aug. 2, 2021 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that it was notified of the decision issued by the Administrative Court of Santander that voided the December 22, 2011 and August 8, 2016 resolutions, respectively, through which the Ministry of Labor - Territorial Directorate of Santander, imposed a fine of sixteen million sixty-eight thousand pesos (COP16,068,000), on the occasion of the fatal accident of Mr.

The Administrative Court of Santander Revoked the Fine Imposed by the Ministry of Labor on Ecopetrol

BOGOTÁ, Colombia , Aug. 2, 2021 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that during the meeting held on Friday July 30, 2021, its Board of Directors authorized the Legal Representative of the Company to submit a binding offer to acquire the Ministry of Finance and Public Credit's 51.4% stake of the outstanding shares of Interconexión Eléctrica S.A.

Ecopetrol submits a binding offer to acquire the Ministry of Finance and Public Credit's controlling stake in ISA

BOGOTA, Colombia, Aug. 2, 2021 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that by means of Resolution 1824 of July 30, 2021, the Ministry of Finance and Public Credit authorized the execution of a contingent credit line ("Committed Credit Line") up to an amount of twelve hundred million dollars (US $ 1,200,000,000).

Ecopetrol S.A. obtains approval for a contingent line of credit for up to US$ 1,200 million

BOGOTA, Colombia, July 29, 2021 /PRNewswire/ -- Ecopetrol S.A. (BVC: Ecopetrol; NYSE: EC) hereby reports that on July 28, 2021, it filed a statement in opposition to the preliminary injunctive relief requested within a public action (acción popular) to which it was named as defendant by means of a judicial order notified on July 21, 2021.

Ecopetrol opposes to the preliminary injunctive relief requested in a public action ("Acción Popular") filed against the sale of ISA

BOGOTÁ, Colombia, July 29, 2021 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that on Tuesday August 3 rd, 2021, after market close, it will release its financial and operating results for the second quarter of 2021.

Ecopetrol announces the dates of the publication of its second quarter 2021 earnings report and conference calls

BOGOTÁ, Colombia, July 12, 2021 /PRNewswire/ -- Ecopetrol S.A. (BVC: Ecopetrol; NYSE EC) informs about the recovery of its operations in the upstream, midstream, downstream and sales and marketing segments in Colombia, in connection with the adverse impacts the Company had observed as a consequence of the restrictions on mobility caused by the public order situation in Colombia, as reported to the market on May 25, 2021.

Ecopetrol reports on the recovery of its operations after the stabilization of the public order situation in Colombia

BOGOTA, Colombia , July 7, 2021 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, in line with the downgrade of the rating of the Republic of Colombia, Fitch Ratings has downgraded the company's foreign currency and local currency Issuer Default Ratings to BB+ from BBB- with a Stable Outlook.

Fitch Ratings downgrades Ecopetrol S.A. following the same rating action on Colombia's sovereign rating

The two subsidiaries will enable Ecopetrol (EC) to maximize marketing margins through operational and financial efficiencies.

Ecopetrol (EC) Forms Business Units to Support Asia Operations

BOGOTA, Colombia, July 1, 2021 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that it has concluded the incorporation of Ecopetrol Singapore Pte Ltd.

Ecopetrol reports the incorporation of two new subsidiaries that will be part of the Ecopetrol Group

BOGOTÁ, Colombia , June 30, 2021 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that it has received authorization from the Ministry of Finance and Public Credit, through Resolution 1484 of June 29, 2021, to structure the issuance and placement of bonds in the international capital markets for up to one billion four hundred thousand US dollars (US$ 1,400,000,000), to finance organic growth opportunities and the ordinary course of its business.

Ecopetrol S.A. receives authorization from the Colombian Ministry of Finance and Public Credit to structure the issuance and placement of bonds in the international capital markets

BOGOTÁ, Colombia, June 24, 2021 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that the Exclusivity Agreement signed with the Ministry of Finance and Public Credit ("MHCP") on February 12, in connection with Ecopetrol's potential acquisition of MHCP's 51.4% stake in Interconexión Eléctrica S.A.

Ecopetrol reports the extension of the exclusivity period in connection with the potential acquisition of 51.4% stake in Interconexión Eléctrica S.A. - ISA and gives an update on the financing sources

Ecopetrol (EC) has been able to maintain its normal output levels despite ongoing protests across the country, forcing producers to shut down wells due to obstructions and transport restrictions.

News for Ecopetrol Stock (EC)