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 ...

BOGOTA, Colombia, March 22, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that Refinería de Cartagena S.A.S. ("Reficar") has been notified of the decision to approve the alternative financial restructuring plan of Chicago Bridge & Iron Company N.V. ("CB&I N.V."), reached today, March 21, 2024, by the District Court of Amsterdam in the Netherlands, in charge of the restructuring process initiated on September 8, 2023 by McDermott International Ltd. ("McDermott"), on behalf of its sub ...

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. The loan will be executed by and among Ecopetrol, as borrower, and Bank of Nova Scotia (USD 300 million), BBVA Securities Inc. (USD 250 million), Bank of America, N.A. ...

The Latin American business scene is vibrant and growing. Its energy stocks should catch your attention, even if you’re someone who rarely gets excited about energy stocks.So, while the energy transition is expected to be long, some energy companies will be more prepared for it than others. Here are three Latin American energy stocks for your must-buy list, and they should win regardless of how long the transition takes.Ecopetrol (EC)Source: stockwars / Shutterstock.comFirst up is Ecopetrol (NYSE:EC), the l ...

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. The signed document can be consulted at ...

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. The full text of the document signed by the minority shareholders can be consulted a ...

EGT/iStock via Getty Images Ecopetrol S.A. is the third-largest energy and infrastructure group in Latin America. In 2023, they boasted a 14.4% ROAE. Their total production is the highest it has been since 2015, but their share price is down almost 50% from its 2019 price when oil was trading at $50-60/bbl. I believe the market is overestimating the risk of the left-wing Colombian leader and the increasing debt levels for Ecopetrol. Concurrently, the decreasing oil price has been putting downward pressure o ...

Ecopetrol S.A. (NYSE:EC) Q4 2023 Earnings Call Transcript March 1, 2024 9:00 AM ET Company Participants Ricardo Roa - CEO Alberto Consuegra - COO David Riano - VP of Low Emission Solutions Milena Lopez - CFO Conference Call Participants Ricardo Sandoval - Bancolombia Andres Duarte - Corficolombiana Juan Jose Munoz - BTG Pactual Andres Cardona - Citibank Katherine Ortiz - Corredores Davivienda Bruno Montanari - Morgan Stanley Rodrigo Almeida - Banco Santander Alejandra Andrade - JPMorgan Operator Good mornin ...

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. The Reserve-Replacement Ratio (RRR) was 48% in 2023 and remains at an average of 117% for the last 3 years. The ratio of reserves to production or average reserve life of the Ecopetrol Group is 7.6 years. 89% of the reserves are located in Colombia and 11% in the United ...

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. Throughout 2023, it's worth noting that Brent crude oil prices experienced a decline in 2023 compared to 2022, dropping from USD 99 per barrel to USD 82 per barrel. This decline ...