Ecopetrol Extends Temporary 50% Fee Reduction Agreement for ADR Conversion in the United States

Core Points - Ecopetrol has successfully extended the agreement with JPMorgan Chase Bank N.A. to reduce conversion fees for ADR issuance and cancellation by 50%, now valid through December 31, 2025 [1] - The initiative has received positive market reception, prompting Ecopetrol to ensure its continuation to support investor interests [2] Company Overview - Ecopetrol is the largest company in Colombia and a major integrated energy company in the Americas, employing over 18,000 people [2] - The company is responsible for over 60% of Colombia's hydrocarbon production and holds leading positions in petrochemicals and gas distribution [2] - Ecopetrol has acquired 51.4% of ISA's shares, expanding its involvement in energy transmission and other sectors [2] - Internationally, Ecopetrol has operations in strategic basins in the U.S. (Permian basin and Gulf of Mexico), Brazil, and Mexico, and holds significant positions in power transmission in Brazil, Chile, Peru, and Bolivia [2]