Core Viewpoint - Ecopetrol S.A. has successfully acquired the remaining 45% interest in the CPO-09 Block from Repsol for 452 million USD, resulting in full ownership of this strategic asset in the Piedemonte Llanero region [1][2]. Group 1: Transaction Details - The acquisition was completed on February 5, 2025, following the approval from the Superintendency of Industry and Commerce of Colombia, which confirmed that the transaction does not restrict competition [2]. - The formal transfer of the 45% interest was executed through an amendment to the Hydrocarbon Exploration and Production Contract CPO-09 [2]. Group 2: Strategic Importance - The CPO-09 block is located in the Meta department of Colombia, covering several municipalities including Villavicencio and Acacías [3]. - This acquisition strengthens Ecopetrol's position in hydrocarbon exploration and production within the Llanos Orientales basin, consolidating its operational presence in the region [4]. Group 3: Company Overview - Ecopetrol is the largest company in Colombia, responsible for over 60% of the country's hydrocarbon production and holding significant positions in transportation, logistics, and refining [5]. - The company also has international operations in strategic basins across the Americas, including the Permian basin and the Gulf of Mexico, and holds leading positions in power transmission in several South American countries [5].

Core Viewpoint - Ecopetrol S.A. and Occidental Petroleum Corp have agreed to extend their development plan for the Rodeo Midland Basin LLC in the Permian Basin, Texas, which includes a new drilling plan for 34 wells from April 2025 to June 2026 [1][2]. Group 1: Development Plans - The new agreement includes a drilling plan for 34 wells scheduled between April 2025 and June 2026, in addition to ongoing operations in early 2025 [2]. - Ecopetrol Permian's 2025 plan for the Midland and Delaware sub-basins will involve drilling approximately 91 development wells with an estimated investment of $885 million, targeting an average annual production of about 90,000 barrels of oil equivalent per day [4]. Group 2: Operational Performance - After five years of operations, Ecopetrol Permian and Occidental Petroleum have reported positive operational and financial results in the Permian Basin, contributing to the overall performance of the Ecopetrol Group [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 Colombia's hydrocarbon production and holding significant positions in petrochemicals and gas distribution [5]. - The company has expanded its international presence with operations in strategic basins across the Americas, including the Permian Basin and the Gulf of Mexico, and has interests in energy transmission and telecommunications in several South American countries [5].

Core Insights - Ecopetrol S.A. is implementing organizational changes to enhance management efficiency and support its 2040 strategy "Energy that Transforms" aimed at energy diversification and improved agility [1][2] Company Overview - Ecopetrol is the largest company in Colombia and a major integrated energy player in the Americas, employing over 18,000 people [2] - The company accounts for more than 60% of Colombia's hydrocarbon production and has significant roles in transportation, logistics, and refining [2] - Ecopetrol has a 51.4% stake in ISA, expanding its involvement in energy transmission and real-time system management [2] - Internationally, Ecopetrol operates in strategic basins in the U.S., Brazil, and Mexico, and holds leading positions in power transmission across several South American countries [2] Organizational Changes - The Corporate Legal Vice Presidency has been restructured to include the General Secretariat, now named Corporate Legal Vice Presidency and General Secretariat [5] - María Cristina Toro Restrepo has been appointed as Corporate Legal Vice President and General Secretary, reporting directly to the President [5] - Rafael Ernesto Guzmán Ayala has been named Executive Vice President of Hydrocarbons, also reporting directly to the President [5] - The Upstream Vice Presidency has been renamed to Exploration, Development, and Production Vice Presidency, led by Juan Carlos Hurtado Parra, reporting to the Executive Vice President of Hydrocarbons [5]

Group 1 - Ecopetrol S.A. submitted the Report on the Implementation of Best Corporate Practices, detailing corporate governance practices from January 1, 2024, to December 31, 2024 [1] - The company is the largest in Colombia and a major integrated energy player in the Americas, employing over 18,000 people and responsible for more than 60% of Colombia's hydrocarbon production [2] - Ecopetrol has a significant stake in energy transmission and holds leading positions in petrochemicals and gas distribution, with international operations in the United States, Brazil, and Mexico [2] Group 2 - The company acquired 51.4% of ISA's shares, enhancing its participation in energy transmission and real-time systems management [2] - Ecopetrol's international operations include drilling and exploration in strategic basins and power transmission in Brazil, Chile, Peru, and Bolivia [2] - The press release includes forward-looking statements regarding business prospects and financial results, which are subject to market conditions and other uncertainties [3]

Group 1 - Ecopetrol S.A. confirmed the arbitration award related to the EPC Contract with Chicago Bridge & Iron Company N.V. and its affiliates, resolving disputes in favor of Reficar [1][2] - The judicial decision from the Court of the Southern District of New York upholds the arbitration award, concluding a lengthy legal process for Reficar [2] - Ecopetrol is the largest company in Colombia, responsible for over 60% of the country's hydrocarbon production and holds significant positions in various energy sectors across the Americas [3] Group 2 - The company has expanded its operations internationally, with drilling and exploration activities in the United States, Brazil, and Mexico, and holds leading positions in power transmission in several South American countries [3]

Management Changes - Ecopetrol announced changes in its senior management, with Julio César Herrera appointed as Vice President of Commercial and Marketing effective January 15, 2025 [2][6] - Felipe Trujillo López will transition from Vice President of Commercial and Marketing to Vice President of Refining and Industrial Processes until a permanent appointment is made [6] - Walter Fabián Canova, the outgoing Vice President of Refining and Industrial Processes, will conclude his tenure by mutual agreement after over seven years with the company [3][6] Company Overview - Ecopetrol is the largest company in Colombia and a major integrated energy company in the Americas, employing over 18,000 individuals [4] - The company is responsible for more than 60% of Colombia's hydrocarbon production and holds leading positions in petrochemicals and gas distribution [4] - Ecopetrol has expanded its operations internationally, with interests in strategic basins in the U.S., Brazil, and Mexico, and holds significant positions in power transmission in Brazil, Chile, Peru, and Bolivia [4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of December, 2024 Commission File Number 001-34175 ECOPETROL S.A. (Jurisdiction of incorporation or organization) Carrera 13 No. 36 – 24 BOGOTA D.C. – COLOMBIA (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or ...

BOGOTA, Colombia , Dec. 16, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (the "Company") announces that Germán González Reyes, who has been serving as Secretary General since September 29, 2023 (as announced on that date) and Acting Director of Institutional Relations and Communications since June 28, 2024 (as announced on that date), will perform his duties until January 17, 2025. Ecopetrol thanks Germán González for his seven years of service, his valuable management, and the contributio ...

Group 1: Core Insights - Ecopetrol S.A. plans to construct a new green hydrogen plant in Cartagena, expected to produce 800 tons of green hydrogen annually, making it the largest renewable energy plant in Latin America [1][4] - The Colombian government, under President Gustavo Petro, aims to reduce fossil fuel dependence, with Ecopetrol playing a crucial role in this transition to cleaner energy sources [2][4] - The green hydrogen will be integrated into the Cartagena refinery for hydrotreating fuels, potentially reducing carbon emissions by up to 7,700 tons, equivalent to emissions from approximately 1,650 vehicles annually [3][4] Group 2: Financial Implications - The green hydrogen production is projected to contribute between $400 million and $485 million to Ecopetrol's EBITDA annually by 2040, diversifying revenue streams while focusing on emission reductions [5] - The cost-effective production of low-emission hydrogen is supported by advanced technologies and the establishment of a solar farm at the Cartagena refinery [5] Group 3: Market Position - Ecopetrol currently holds a Zacks Rank of 3 (Hold), indicating a stable market position [6] - Other energy sector companies with better rankings include Smart Sand, Inc. (Rank 2), FuelCell Energy (Rank 2), and Nine Energy Service (Rank 2), suggesting competitive dynamics in the clean energy space [6]

Core Viewpoint - Ecopetrol S.A. has approved an annual investment budget for 2025 ranging from 24 to 28 trillion pesos, which represents an increase compared to 2024, focusing on capital discipline and strategic growth in various sectors [1][10]. Investment Budget Overview - The budget allocates approximately 20.3 trillion pesos (76% of the total) for profitable production, targeting an output of 740,000 to 745,000 barrels of oil equivalent per day and refining capacity of 415,000 to 420,000 barrels per day [1][2]. - An estimated 6.5 trillion pesos (24% of the budget) will be directed towards Energy Transition projects and other corporate investments, including 2.3 trillion pesos for SosTECnibilidad® initiatives [1][9]. Hydrocarbons Line - Investments in exploration and production are expected to be around 17.2 trillion pesos, focusing on crude oil and gas production, with a target of 740,000 to 745,000 barrels of oil equivalent per day [2][3]. - The company plans to drill between 455 and 465 development wells, with 79% in Colombia and 21% in the United States, and aims to produce approximately 123,000 barrels of oil equivalent per day from gas investments [3]. Transportation and Refining Segments - Transportation investments are projected at approximately 1.5 trillion pesos, focusing on infrastructure integrity and reliability, with expected transported volumes of 1,130,000 to 1,170,000 barrels per day [4]. - Refining investments are estimated at 1.6 trillion pesos, aimed at ensuring operational reliability and sustainability of the Barrancabermeja and Cartagena refineries, with a joint load of 415,000 to 420,000 barrels per day [5]. Energy Transition and Optimization - The budget includes investments in unconventional renewable energy and energy efficiency projects, with an expected energy optimization of 2.6 Peta Joules (PJ) in 2025 [8][9]. - The company aims to achieve an accumulated energy saving of around 21 PJ by 2025, contributing to a target of 25 PJ by 2030 [9]. Financial Projections - The financial plan anticipates competitive returns with an estimated EBITDA margin of 39% based on a Brent price of US$73 per barrel, with operational efficiency targets exceeding 4 trillion pesos [10][11]. - The financing of the investment plan is expected to be supported by operational resources and project transfers to the Nation, estimated at approximately 35 trillion pesos [11]. Company Profile - Ecopetrol is the largest company in Colombia, responsible for over 60% of the country's hydrocarbon production, and holds significant positions in energy transmission and logistics across the Americas [12].