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

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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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International Consolidated Airlines Group SA

Skechers U.S.A.

ICAGY, EC and SKX made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 1, 2023.

Best Value Stocks to Buy for May 1st

BOGOTA, Colombia , April 26, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that the Board of Directors, at its meeting held on April 26, 2024, made the following appointments in property: 1.

Ecopetrol announces senior management changes

BOGOTA, Colombia , April 25, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that after market close on Tuesday, May 7, 2024, it will release its financial and operating results for the first quarter of 2024.

Ecopetrol announces the dates for the publication of its first quarter 2024 report and conference call

2023 was another strong year for Ecopetrol. Crude oil production rose 3.4%, while LNG rose 5.3%. Cartagena refinery realized 41.3% production growth. Lower Brent prices, narrower refined product spreads, and higher operating expenses resulted in declining profitability and margins. EC has strong liquidity positions and a well-distributed maturity schedule. It holds $3.66 billion in cash and must repay $2.37 billion in 2024.

Ecopetrol: Attractive Dividends Plus Upside Potential, Rating Unchanged

BOGOTÁ, Colombia , April 18, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs the filing of its annual report under Form 20-F for the fiscal year ended December 31, 2023, with the U.S. Securities and Exchange Commission (the "SEC").

Ecopetrol files its 20-F Annual Report before the Securities and Exchange Commission

BOGOTA, Colombia , April 18, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) has published the periodic year-end report for 2023, which contains sections related to company practices, policies, processes and indicators in connection with social and environmental matters, including climate issues.

Ecopetrol Publishes Periodic Year-End Report for 2023

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Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.

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BOGOTA, Colombia , April 5, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces the following senior management changes: Ana Milena López, submitted her voluntary resignation as Corporate Vice President of Finance and Sustainable Value effective on April 12, 2024.

Ecopetrol Announces Senior Management Changes

BOGOTA, Colombia , April 5, 2024 /PRNewswire/ -- The Board of Directors of Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) has appointed Guillermo García Realpe, as Chairperson of the Board, and Mónica de Greiff Lindo, as Vice-Chairperson of the Board, in its meeting held on April 5, 2024.

Ecopetrol S.A.'s Board of Directors Announcement

BOGOTA, Colombia , March 27, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that, in accordance with External Circular 012 of 2022 issued by the Superintendency of Finance of Colombia, has published the consolidated and separate financial statements as of 31 December 2023, which can be consulted in Spanish at the following link: https://www.superfinanciera.gov.co/SIMEV2/informacionrelevantegeneral ----------------------------------------- Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent with more than 18,000 employees.

Ecopetrol publishes financial information for the year 2023

Ecopetrol's (EC) Reficar receives the 19.9% convertible preferred shares of McDermott International under a financial restructuring plan proposed by its subsidiary, CB&I N.V.

Ecopetrol (EC) Wins Dispute, Awarded McDermott Share Capital

BOGOTA, Colombia , March 25, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that its shareholders, during the General Ordinary Shareholders' Meeting, held on March 22, 2024, approved the distribution of dividends as follows: an ordinary dividend of two hundred and seventy-eight pesos (COP $278) per share and an extraordinary dividend of thirty-four pesos (COP $34) per share, for a total dividend distribution of three hundred and twelve pesos (COP $312) per share.

Distribution of Dividends corresponding to Fiscal Year 2023

BOGOTA, Colombia , March 25, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that during the ordinary General Shareholders' Meeting held on March 22, 2024, after giving notice to its shareholders and complying with the legal requirements to carry out the session, the shareholders cast their votes on each of the items on the agenda as follows:   Matter Submitted for Consideration of the Shareholders' Meeting Voting for the first proposal to approve the agenda included in the call Voting for the second proposal to remove item 16 (Election of members of the Board of Directors for the remainder of the 2021-2025 period) and item 17 (Presentation and approval of statutory reforms – modification of the corporate purpose) from the agenda Vote for the third proposal to include the disclosure of the Control Risk Report on the agenda Voting for the fourth proposal to (i) remove item 16 (Election of members of the Board of Directors for the remainder of the 2021-2025 period) and item 17 (Presentation and approval of statutory reforms – modification of the corporate purpose) from the agenda and (ii) include in the agenda the discussion of the performance of the President of Ecopetrol Approval of the agenda 99.28% in favor 0.001% in favor 0.0008% in favor 0.0043% in favor   Matter Submitted for Consideration of the Shareholders' Meeting Votes in favor Votes against Blank votes Appointment of the President of the General Shareholder´s meeting 99.84 % 0.002 % 0.14 % Appointment of the Election and Reviewing Commission of the General Shareholder´s meeting 99.94 % 0.0006 % 0.05 % Appointment of the Commission for the Review  and Approval of the General Shareholder´s meeting Minutes 99.99 % 0.001 % 0.0002 % Approval of the Report of the Board of Directors on its operation, development and compliance with the Code of Good Governance.

Ecopetrol Reports on the Decisions Adopted at the Shareholders' Meeting on March 22, 2024.

BOGOTA, Colombia , March 22, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that Refinería de Cartagena S.A.S.

ECOPETROL S.A. informs about the decision adopted by the Dutch Court on the restructuring process of CB&I N.V.

BOGOTA, Colombia , March 20, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, as part of its comprehensive debt management and maturity refinancing strategy, the Ministry of Finance and Public Credit ("MHCP"), through Resolution 0652 of 20 March 2024, has approved the execution of a loan of up to USD 1,200 million.

Ecopetrol S.A. obtains authorization to execute a USD 1,200 million debt management transaction

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BOGOTA, Colombia , March 11, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs in accordance with the subscription of the Declaration of the Nation as majority shareholder and complying with the established procedure, the current representatives of the hydrocarbon producing departments in which Ecopetrol operates, signed a document through which they unanimously agreed to nominate Dr. Álvaro Torres Macías as their candidate for Board of Directors.

Ecopetrol announces nomination of candidate to its Board of Directors

BOGOTA, Colombia , March 11, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs in accordance with the subscription of the Declaration of the Nation as majority shareholder and in accordance with the established procedure, the representatives of the minority shareholders, formally informed the Company that they had agreed to nominate Dr. Juan José Echavarría Soto as their candidate for Board of Directors.

Minority shareholders nominate candidate to integrate Ecopetrol's Board of Directors

Ecopetrol's strong financials offer a great reward against the risks of the leftist government and potential decreasing oil prices. As long as oil doesn't fall too much, Ecopetrol will likely return high returns per share to shareholders. I believe the market is overestimating the risk of the left-wing Colombian leader and the increasing debt levels on Ecopetrol.

Ecopetrol: Colombian Oil Producer Offers 14.7% Dividend On Stable Oil Prices

Ecopetrol S.A. (EC) Q4 2023 Earnings Call Transcript

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An organic incorporation of +307 MBPE was achieved, that is, 43% more compared to 2022 due to management in the development fields, new projects and better prospects in enhance recovery projects. Net incorporation was positive at 119 MBPE.

Ecopetrol registered 1,883 million barrels of oil equivalent of Proven Reserves by year-end 2023

BOGOTA, Colombia , Feb. 29, 2024 /PRNewswire/ -- We ended 2023 with strong operational results that drove achievements across the entire company. We have achieved the second-best financial results in history by following our financial planning, enhancing our traditional business, and managing the steps toward the energy transition.

Results Fourth Quarter 2023

BOGOTA, Colombia , Feb. 29, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") hereby communicates the Company's proposal for the distribution of 2023 earnings, which has been approved by the Company's board of directors, and will be submitted for the consideration of the General Shareholders' Meeting that will take place on March 22, 2024:   2023 EARNINGS DISTRIBUTION PROPOSAL (Colombian Pesos- COP) Net income after provision for income tax 19,062,090,905,658 + Release of reserves from previous years 8,174,839,184,265 Occasional reserve for sustainability 7,665,757,580,902 Excess fiscal depreciation reserve (Art.130 ET.

Ecopetrol's 2023 Earnings Distribution Proposal

Colombia's majority state-owned oil company Ecopetrol on Thursday reported a fourth-quarter net profit that fell 38% to 4.23 trillion pesos from a year earlier.

Colombia's Ecopetrol posts Q4 profit down 38%

News for Ecopetrol Stock (EC)