Ecopetrol (EC) could see an increase in value due to rising confidence in its earnings potential, as shown by its upgrade to a Zacks Rank #2 (Buy).
BOGOTA, Colombia, March 7, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) has released a draft chapter concerning its practices, policies, processes, and indicators related to social and environmental matters, including climate issues. This publication is in line with External Circular 031 of 2021 from the Superintendency of Finance of Colombia. The draft can be viewed in Spanish on Ecopetrol's official website.
The board of EC has approved an extra $2 billion in debt funding, which consists of $1 billion in structural debt. Additionally, they have authorized another $1 billion as a temporary solution.
BOGOTA, Colombia, March 6, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) has announced that, as the majority shareholder, the Nation has followed the proper procedures. The representatives of the minority shareholders have officially notified the Company that they have chosen Dr. Luis Felipe Henao Cardona as their candidate for the Board of Directors.
On March 6, 2025, Ecopetrol S.A. announced that, following the Nation's declaration and as the main shareholder, representatives from the hydrocarbon-producing regions where the company operates have unanimously chosen Dr. Ricardo Rodriguez Yee as their candidate for the Board of Directors.
Ecopetrol S.A. (NYSE:EC) will hold its Q4 2024 Earnings Conference Call on March 5, 2024, at 9:00 AM ET. The call will feature several company executives, including President and CEO Ricardo Roa and CFO Camilo Barco. Participants from various financial institutions, such as BTG Pactual and UBS, will also be joining the call.
BOGOTA, Colombia, March 5, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) has announced that Dr. Edwin Palma Egea has resigned. His resignation was submitted to the Board of Directors today and will take effect on March 6, 2025.
Ecopetrol, Colombia's main oil company that is mostly owned by the state, intends to borrow up to $2 billion this year for investments. A senior official mentioned on Wednesday that they might look for funding from banks and capital markets.
BOGOTA, Colombia, March 4, 2025 /PRNewswire/ -- The year 2024 ended with strong performance that improved our results in line with our initial goals. We have developed a strong financial and investment plan for 2025, based on careful planning by the entire Ecopetrol Group, with the aim of generating lasting value for our shareholders.
BOGOTA, Colombia, Feb. 27, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) has announced that on February 24, 2025, Moody's completed its regular assessment of the company’s rating. They have kept Ecopetrol's global credit rating at Ba1, with a stable outlook.