Ecopetrol(EC)
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Renegotiations of Collective Bargaining Agreement
Prnewswire· 2026-01-07 22:53
BOGOTA, Colombia, Jan. 7, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") informs that, in addition to the information published on December 24 2025 were it was stated that Unión Sindical Obrera (USO) had filled a complaint with the Ministry of Labor of the Collective Bargaining Agreement, the labor organizations Adeco, Sindispetrol, Asopetrogas, Asteco, Trasine, Asintrahc, Sintramen, Sup, and Utipec have started the renegotiation of their respective chapters of ...
Ecopetrol (EC) Gets Complete Control of Southern Caribbean Offshore Assets
Yahoo Finance· 2025-12-31 10:18
The share price of Ecopetrol S.A. (NYSE:EC) surged by 5.81% between December 22 and December 29, 2025, putting it among the Energy Stocks that Gained the Most This Week. Ecopetrol (EC) Gets Complete Control of Southern Caribbean Offshore Assets With a workforce of over 18,000, Ecopetrol S.A. (NYSE:EC) is among the largest companies in Colombia and one of the leading integrated energy groups on the American continent. Ecopetrol S.A. (NYSE:EC) reported on December 24 that Colombia’s National Hydrocarbons ...
Indian Oil buys first Colombian oil under Ecopetrol contract, sources say
Reuters· 2025-12-31 03:45
Group 1 - Indian Oil Corp has purchased its first Colombian oil under an optional supply deal with Ecopetrol, indicating a strategic move to diversify its oil sources [1] - This deal marks a significant step for India's top refiner as it seeks to reduce reliance on traditional suppliers and explore new markets [1] - The collaboration with Ecopetrol reflects the growing importance of Latin American oil in the global market, particularly for Asian refiners [1]
Ecopetrol negotiates Grenergy’s solar PV portfolio in Colombia
Yahoo Finance· 2025-12-01 10:46
Core Insights - Ecopetrol has finalized negotiations to potentially acquire seven companies from Grenergy Renovables, which hold a total of 88.2 megawatt-peak (MWp) of solar projects in Colombia [1] - The acquisition is contingent upon fulfilling specific conditions and legal requirements, aiming to enhance Ecopetrol's renewable energy capacity towards its goal of 900MW of self-generated renewable energy [2][3] Group 1: Acquisition Details - The companies in Grenergy's portfolio are located in the Córdoba, Cesar, Magdalena, and Sucre departments, each with permits and assets for solar photovoltaic (PV) projects, estimated at 12.6MWp per project [1] - The acquisition aligns with Ecopetrol's strategy to diversify its energy mix and support its decarbonization objectives [2][3] Group 2: Strategic Goals - Ecopetrol aims to generate low-emission energy for its own use, reducing reliance on bilateral energy contracts and exposure to spot market prices [3] - The company currently accounts for over 60% of hydrocarbon production in Colombia and is involved in power transmission across several South American countries [4]
Ecopetrol to invest up to $7.2bn next year
Yahoo Finance· 2025-12-01 09:27
Investment Plan Overview - Ecopetrol has announced its annual investment plan for 2026, with a budget ranging from 22 trillion to 27 trillion pesos ($5.8 billion to $7.2 billion) [1] - The investment in exploration and production is projected to be 14 trillion pesos, with 89% allocated to crude oil and 11% to gas [1] Production Targets - The company aims for an organic production target of 730,000 to 740,000 barrels of oil equivalent per day (boepd), consisting of 80% crude oil, 15% gas, and 5% white products [1] - Crude oil output is expected to increase, compensating for declines in natural gas fields [2] Drilling and Exploration - Ecopetrol plans to drill between 380 and 430 development wells in 2026, with 95% located in Colombia and 5% in the US [2] - The company will also conduct eight to ten exploratory wells in Colombia, focusing on offshore regions and the Meta and Putumayo areas [2] Gas Investment - A total of 1.5 trillion pesos is allocated for gas investments, particularly in the Llanos Foothills and offshore zones to support Caribbean gas projects, aiming for production of approximately 105,000 to 110,000 boepd [3] Transport Infrastructure - The planned investment in transport infrastructure is 1.5 trillion pesos, representing 6% of the total budget, aimed at maintaining the integrity and reliability of assets managed by Cenit, Ocensa, ODC, and ODL [3] Refining Investments - Refining investments are expected to reach nearly 1.7 trillion pesos, accounting for 7% of the overall budget, to reduce product imports and enhance fuel quality [4] - Funds will be allocated to the Barrancabermeja and Cartagena refineries, with a projected combined throughput of 410,000 to 420,000 barrels per day (bpd) [4] Leadership Changes - Ecopetrol's Board of Directors has elected Ángela María Robledo Gómez as chairwoman and Álvaro Torres Macías as vice-chairman [5] - Guillermo García Realpe will resign from his position as an independent director effective December 12, 2025, for personal reasons [5]
Ecopetrol S.A. Negotiates Acquisition of a Portfolio of up to 88.2 MWp in Solar Photovoltaic Projects in Colombia
Prnewswire· 2025-11-29 01:31
Core Insights - Ecopetrol has successfully negotiated the potential acquisition of seven companies from Grenergy Renovables S.A. in Colombia, which are involved in solar photovoltaic projects with a total estimated renewable energy generation capacity of approximately 12.6 MWp per project [1][2]. Group 1: Acquisition Details - The acquisition involves companies located in the departments of Córdoba (3), Cesar (2), Magdalena (1), and Sucre (1) [1]. - The transaction is subject to certain conditions precedent and legal requirements before finalization [2][4]. Group 2: Strategic Goals - Upon completion, the acquisition will help Ecopetrol advance its decarbonization and energy transition goals, contributing to its target of 900 MW of self-generated renewable energy [3]. - These initiatives are aligned with Ecopetrol's 2040 Strategy, "Energy that Transforms," and aim to enhance the company's energy matrix while supporting low-emission energy generation for self-consumption [3]. Group 3: Company Overview - Ecopetrol is the largest company in Colombia and a major integrated energy player in the Americas, responsible for over 60% of the country's hydrocarbon production [5]. - The company has significant operations in energy transmission, drilling, and exploration across various countries in the Americas, including the United States, Brazil, and Mexico [5].
Ecopetrol Plans $5.9B–$7.2B Investments for 2026, Targets 40% EBITDA Margin
Benzinga· 2025-11-28 17:45
Core Viewpoint - Ecopetrol S.A. plans to invest COP 22 trillion ($5.9 billion) and COP 27 trillion ($7.2 billion) for 2026, maintaining investment levels in line with projected 2025 year-end levels [1][2]. Investment Plan - The company expects to allocate approximately COP 17.2 trillion (about 70% of the total) for production, targeting an output of 730–740 thousand barrels of oil equivalent per day [3]. - An average refinery throughput of 410–420 thousand barrels per day is planned, along with transportation of 1,110–1,120 thousand barrels per day [3]. - Around COP 7.1 trillion (30% of the budget) is earmarked for Energy Transition and Power Transmission projects, roads, and other corporate initiatives [4]. Cost Management - Ecopetrol aims for a cost reduction strategy, targeting an EBITDA margin of approximately 40%, consistent with 2025 [5]. - Transfers to the nation are projected at about COP 28 trillion, with the Profitability and Efficiency Program expected to contribute around COP 5.7 trillion [5]. Business Line Investments - The company plans to invest COP 14 trillion in exploration and production, with 89% allocated for crude oil and 11% for gas, aiming for organic output of 730–740 thousand barrels of oil equivalent per day [6]. - Ecopetrol intends to drill 380–430 development wells (95% in Colombia, 5% in the U.S.) and eight–10 exploratory wells in Colombia [6]. Refining Investments - Projected refining investments are approximately COP 1.7 trillion (7%), with a throughput target of 410–420 thousand barrels per day [7]. Recent Financial Performance - In the third quarter, Ecopetrol reported sales of $7.46 billion, exceeding the estimate of $7.35 billion, with a net income of $700 million [8].
Updates from Ecopetrol S.A.'s Board of Directors
Prnewswire· 2025-11-28 13:53
Accessibility StatementSkip Navigation 21% BOGOTA, Colombia, Nov. 28, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL;Â NYSE: EC) ("Ecopetrol" or the "Company" and together with its subsidiaries, the "Ecopetrol Group") announces that, during its meeting held on November 27, 2025, the board of directors elected Ãngela MarÃa Robledo Gómez as Chairwoman and Ãlvaro Torres MacÃas as Vice Chairman of the Board. Additionally, Ecopetrol reports that, through a communication dated November 27, 2025, Dr. Guillerm ...
Ecopetrol Group to Invest Between COP 22 and 27 Trillion in 2026
Prnewswire· 2025-11-28 13:47
Accessibility StatementSkip Navigation Bogota D.C, Nov. 28, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL;Â NYSE: EC) ("Ecopetrol" and together with its subsidiaries, the "Ecopetrol Group") announces that its board of directors has approved the Ecopetrol Group's Annual Investment Plan for 2026 (the "2026 Annual Investment Plan"), with an amount ranging between COP 22 and 27 trillion. This plan maintains investment levels compared to the projected 2025 year-end figures, under capital discipline criteri ...
Colombia's Ecopetrol to invest up to $7.2 billion in 2026
Reuters· 2025-11-28 12:18
Colombian state-run energy company Ecopetrol will invest between 22 trillion and 27 trillion pesos ($5.88 billion to $7.21 billion) in 2026, the company said in a statement published late on Thursday. ...