Ecopetrol SA (EC)

Decisions of the Board of Directors of EcopetrolMay 28, 2026 10:16 AM
PR Newswire (US) BOGOTÁ, Colombia, May 28, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL) (NYSE: EC) (the "Company") announces that its Board of Directors, at its universal meeting held today, authorized the postponement of the start date of the unpaid leave granted to the Company's Chief Executive Officer, Ricardo Roa Barragán, which had been disclosed on April 6, 2026. This decision was made considering a duly reported medical leave notified on May 26, 2026, for a period of 30 calendar days. The unpaid leave, which was originally scheduled to begin on May 28, 2026, for a period of 30 calendar days, will now commence upon completion of the medical leave and the remaining vacation period, that is, on June 27, 2026, and will extend for 30 calendar days from that date.Accordingly, the Board of Directors decided to maintain the appointment of Juan Carlos Hurtado Parra, First Alternate to the Chief Executive Officer, as acting Chief Executive Officer.Ecopetrol will continue to conduct its operations in accordance with its business strategy, strengthening its international portfolio.------------------------------------- Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Investor Relations Office
Email: investors@ecopetrol.com.co  Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co   View original content to download multimedia:https://www.prnewswire.com/news-releases/decisions-of-the-board-of-directors-of-ecopetrol-302784596.htmlSOURCE Ecopetrol S.A. Original: Decisions of the Board of Directors of Ecopetrol

Ecopetrol advances in the acquisition of an equity stake in Brava Energia S.A. through the launch of a tender offer in BrazilMay 26, 2026 7:00 AM
PR Newswire (US) BOGOTA, Colombia, May 26, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that today its Brazilian subsidiary, Ecopetrol Investimentos do Brasil LTDA, after obtaining approval from B3, launched a voluntary Tender Offer (TO) on Brazil's B3 stock exchange at a price of R$23.00 per share to acquire 116,110,717 common shares of Brava Energia S.A. (B3: BRAV3) ("Brava" or the "Company"), representing approximately 25% of its issued and outstanding shares. This offer price represents a premium of approximately 20.9% over the Company's 90-day VWAP prior to the date of this announcement. This TO forms part of the transaction announced on April 23, 2026, which, subject to the Share Purchase Agreement and the satisfaction of applicable conditions precedent, would result in Ecopetrol acquiring a controlling voting interest of 51% in the Company.The TO will remain open until June 25, 2026 (inclusive), date on which the auction will take place. The transaction is subject to applicable regulatory approvals and applicable conditions precedent, all of which are disclosed in the document published today on B3 in Brazil.The results of the TO, as well as any other material developments related to the closing of this acquisition, will be publicly disclosed in due course. Additionally, as previously announced by Ecopetrol, consideration for this acquisition is expected to be financed through a bridge loan. Upon completion of the transaction, Ecopetrol expects to generate positive impacts on reserves, production, EBITDA, ROACE, among other metrics, while expanding its presence in Brazil, diversifying its high-growth asset base, and strengthening its international portfolio.------------------------------------- This document is for informational purposes only and does not constitute an offer to purchase, a solicitation of an offer to sell, or a recommendation to buy or sell any securities in any jurisdiction. The tender offer described herein is being conducted exclusively in the Federative Republic of Brazil, in accordance with applicable Brazilian law and regulations.The tender offer is not being made, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the United States, and the District of Columbia). No securities referenced herein have been or will be registered under the U.S. Securities Act of 1933, or under the securities laws of any state or other jurisdiction of the United States, and neither the U.S. Securities and Exchange Commission (the "SEC") nor any U.S. state securities commission has approved or disapproved of the tender offer or the securities described herein, or passed upon the adequacy or accuracy of this document. Any representation to the contrary is a criminal offense under the laws of the United States.------------------------------------- Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Investor Relations Office 
Email: investors@ecopetrol.com.co  Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co  View original content to download multimedia:https://www.prnewswire.com/news-releases/ecopetrol-advances-in-the-acquisition-of-an-equity-stake-in-brava-energia-sa-through-the-launch-of-a-tender-offer-in-brazil-302781391.htmlSOURCE Ecopetrol S.A. Original: Ecopetrol advances in the acquisition of an equity stake in Brava Energia S.A. through the launch of a tender offer in Brazil

Ecopetrol advances acquisition of the Jemeiwaa Ka'I wind cluster in La Guajira with the purchase of a 49% interest in the JK1 and JK2 wind projectsMay 20, 2026 8:31 AM
PR Newswire (US) BOGOTA, Colombia , May 20, 2026 /PRNewswire/ -- Ecopetrol S.A (BVC: ECOPETROL; NYSE: EC) announces that, pursuant to the Investment Framework Agreement entered into with AES Colombia & CIA SCA E.S.P. ("AES Colombia"), as disclosed on April 14, 2025, the conditions precedent and legal requirements for the acquisition of a 49% interest in two of the six projects comprising the wind cluster have been fulfilled. The JK1 and JK2 projects are located in the Department of La Guajira and have an aggregate acquisition value of approximately USD 25.5 million. The projects have an assigned capacity of 259 MW and include a 35-kilometer transmission line connecting them to the collector substation. Ecopetrol and AES Colombia are working on the execution and operation framework for the development of the projects through a special purpose vehicle, in the form of an autonomous patrimony.Following completion of construction and commencement of operations, the JK1 and JK2 projects are expected to generate approximately 1,100 GWh annually, representing approximately 12% of the Ecopetrol Group's average energy demand. The projects are expected to improve energy cost efficiency and strengthen operational reliability. In addition, they are anticipated to support the Group's energy transition strategy by delivering estimated decarbonization benefits of approximately 4.3 million tons of CO2 equivalent.1In connection with this transaction, the conditions precedent for the remaining four projects comprising the Jemeiwaa Ka'I wind cluster remain pending. Once satisfied, those conditions will enable completion of the acquisition of the remaining portion of the 49% interest in the cluster.Ecopetrol will timely inform the market of any further developments in this process, in accordance with applicable regulations, until the acquisition of the ownership interest in the cluster is completed.Once all applicable conditions precedent and legal requirements for the closing of the transaction have been satisfied, Ecopetrol will disclose the relevant information in accordance with the applicable legal and regulatory framework through this same channel or through any other means required by applicable law or regulation.Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: 
Investor Relations Office
Email: investors@ecopetrol.com.co  Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co 1 Equivalent to removing cars and motorcycles from circulation in the city of Bogotá for approximately 570 days. This estimate is based on a 25-year operating projection and uses as reference an emissions reduction of 7,600 tons recorded during Bogotá's "Car-Free Day" (September 22, 2022)  View original content to download multimedia:https://www.prnewswire.com/news-releases/ecopetrol-advances-acquisition-of-the-jemeiwaa-kai-wind-cluster-in-la-guajira-with-the-purchase-of-a-49-interest-in-the-jk1-and-jk2-wind-projects-302777666.htmlSOURCE Ecopetrol S.A. Original: Ecopetrol advances acquisition of the Jemeiwaa Ka'I wind cluster in La Guajira with the purchase of a 49% interest in the JK1 and JK2 wind projects

Ecopetrol releases quarterly report as of March 31, 2026May 15, 2026 4:52 PM
PR Newswire (US) BOGOTA, Colombia, May 15, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that, in accordance with External Circular No. 012 of 2022 issued by the Superintendence of Finance of Colombia, it has published its Quarterly Periodic Report as of March 31, 2026. The Quarterly Periodic Report contains information regarding the Company's financial and operational performance, corporate structure and risk management as of March 31, 2026. It also includes detailed information on business performance, corporate governance and sustainability matters, in compliance with applicable laws and regulations.The complete report was prepared and published in accordance with Colombian law and applicable regulatory requirements and is publicly available in Spanish at the following link: informe-periodico-trimestral-1t26-circular-012-final.pdf------------------------------------- Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Investor Relations Office 
Email: investors@ecopetrol.com.co  Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co   View original content to download multimedia:https://www.prnewswire.com/news-releases/ecopetrol-releases-quarterly-report-as-of-march-31-2026-302773928.htmlSOURCE Ecopetrol S.A. Original: Ecopetrol releases quarterly report as of March 31, 2026

Update from the Board of Directors of Ecopetrol S.A.May 12, 2026 7:12 PM
PR Newswire (US) BOGOTA, Colombia, May 12, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) hereby announces that Mr. Juan Gonzalo Castaño Valderrama has submitted his resignation as a non-independent member of the Board of Directors, citing personal and professional reasons. His resignation became effective upon the conclusion of the Board of Directors meeting held today. Following this resignation, the Board of Directors will continue to operate with its remaining members, maintaining the quorum necessary to deliberate and the majorities required to make decisions in accordance with applicable regulations.Ecopetrol and its Board of Directors extend their gratitude to Mr. Juan Gonzalo Castaño Valderrama for his valuable contributions, as well as for his ongoing availability, dedication, and expertise demonstrated throughout his tenure.Ecopetrol and its Board of Directors wish him continued success in his future personal and professional endeavors.------------------------------------- Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Investor Relations Office
Email: investors@ecopetrol.com.co Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co  View original content to download multimedia:https://www.prnewswire.com/news-releases/update-from-the-board-of-directors-of-ecopetrol-sa-302770188.htmlSOURCE Ecopetrol S.A. Original: Update from the Board of Directors of Ecopetrol S.A.

Ecopetrol informs on decision by Colombia's General Prosecutor's OfficeMay 12, 2026 8:16 AM
PR Newswire (US) BOGOTA, Colombia, May 12, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) hereby announces that, within the framework of an investigation conducted by Colombia's General Prosecutor's Office (Fiscalía General de la Nación) against Ecopetrol's President, Ricardo Roa, such authority has formally charged Mr. Ricardo Roa with alleged violations of spending limits pertaining to the 2022 presidential campaign. The hearing took place before the 35th Municipal Criminal Court with Guarantee Control Functions in Bogotá. Under Colombian law, the filing of charges is a formal act of communication through which Mr. Ricardo Roa is officially made a party to the criminal proceeding. Through this act, he is informed of the facts under investigation, the applicable legal consequences, and is afforded the right to mount a defense. This procedure does not constitute a conviction or a final ruling on the merits of the case, nor does it affect the presumption of innocence to which Mr. Roa is entitled. Mr. Roa has not accepted the charges brought by the General Prosecutor's Office.Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Investor Relations Office
Email: investors@ecopetrol.com.co Head of Corporate Communications (Colombia) 
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co  View original content to download multimedia:https://www.prnewswire.com/news-releases/ecopetrol-informs-on-decision-by-colombias-general-prosecutors-office-302769545.htmlSOURCE Ecopetrol S.A. Original: Ecopetrol informs on decision by Colombia's General Prosecutor's Office

Ecopetrol S.A. Announces the Formalization of the Bylaws Amendment Approved by the General Shareholders' MeetingMay 11, 2026 5:28 PM
PR Newswire (US) BOGOTA, Colombia, May 11, 2026 /PRNewswire/ --  Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) hereby announces that it has duly registered with the Bogotá Chamber of Commerce the amendment to its Bylaws, as approved by the Company's General Shareholders' Meeting on November 11, 2025, and as set forth in Public Deed No. 2670, dated April 21, 2026, granted by the 32nd Notary Office of the Bogotá D.C. Circuit.The content of the amendment was previously disclosed to the market and can be reviewed at the following link:https://www.sec.gov/Archives/edgar/data/1444406/000129281425003910/ex99-1.htmEcopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Investor Relations Office
Email: investors@ecopetrol.com.co Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co  View original content to download multimedia:https://www.prnewswire.com/news-releases/ecopetrol-sa-announces-the-formalization-of-the-bylaws-amendment-approved-by-the-general-shareholders-meeting-302768725.htmlSOURCE Ecopetrol S.A. Original: Ecopetrol S.A. Announces the Formalization of the Bylaws Amendment Approved by the General Shareholders' Meeting

Ecopetrol publishes its year-end periodic report for fiscal year 2025May 6, 2026 11:02 AM
PR Newswire (US) BOGOTA, Columbia, May 6, 2026 /PRNewswire/ -- Ecopetrol S.A (BVC: ECOPETROL; NYSE: EC) hereby announces that, in compliance with External Circulars No. 031 of 2021 and No. 012 of 2022 issued by the Superintendence of Finance of Colombia, it has published its Year–End Periodic Report for fiscal year 2025, which is included as part of the 2025 Integrated Management Report.The Year–End Periodic Report provides information on the Company's financial, operational, governance, social and environmental performance for the year ended December 31, 2025. It includes, among other matters, a chapter describing practices, policies, processes and indicators related to social and environmental matters, including climate–related issues.Ecopetrol has also published the certification of its legal representative, attesting that the financial statements and other relevant reports for 2025 disclosed to the public do not contain defects, inaccuracies or errors that would prevent a true understanding of Ecopetrol S.A.'s financial condition or operations.The complete report was prepared and published in accordance with Colombian law and regulatory requirements and is publicly available in Spanish at the following link: informe-integrado-gestion-informe-anual-gc.pdfEcopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Investor Relations Office
Email: investors@ecopetrol.com.co Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co  View original content to download multimedia:https://www.prnewswire.com/news-releases/ecopetrol-publishes-its-yearend-periodic-report-for-fiscal-year-2025-302764316.htmlSOURCE Ecopetrol S.A. Original: Ecopetrol publishes its year-end periodic report for fiscal year 2025

Moody's Downgrades Ecopetrol's Global Credit Rating to Ba2 and Affirms Its Stand-Alone Credit Profile at b1May 6, 2026 10:55 AM
PR Newswire (US) BOGOTA, Columbia, May 6, 2026 /PRNewswire/ -- Ecopetrol S.A (BVC: ECOPETROL; NYSE: EC) hereby informs that today, the credit rating agency Moody's Ratings downgraded the Company's global credit rating from Ba1 to Ba2 and revised the outlook from stable to negative. In contrast, the agency affirmed Ecopetrol's Baseline Credit Assessment (BCA), or stand-alone credit profile, at b1, highlighting the Company's intrinsic strength. According to Moody's, the downgrade to Ba2 with a negative outlook is mainly driven by a less favorable view on the support from the Government of Colombia, stemming from an increased perception of potential government interference and reduced clarity regarding the timeliness and predictability of support mechanisms, particularly those related to the Fuel Price Stabilization Fund (FEPC). In this context, Moody's also included considerations related to Ecopetrol's corporate governance and its influence on the rating.Additionally, Moody's incorporated the possibility of higher refinancing risk associated to a potential material merger and acquisition transaction financed with short-term debt. Nevertheless, the agency highlighted that the Company has strong sources of liquidity that support its financial profile.Moody's reaffirmed Ecopetrol's stand-alone credit profile (BCA) at b1, considering the Company's solid business profile as Colombia's leading integrated oil and gas company, supported by the diversification of its operations, moderate leverage levels, an adequate liquidity position, and its strategic role in ensuring the country's energy supply.The complete report published by Moody's is provided below.Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector.This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements.For more information, please contact:Investor Relations Office
Email: investors@ecopetrol.com.co Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co   View original content to download multimedia:https://www.prnewswire.com/news-releases/moodys-downgrades-ecopetrols-global-credit-rating-to-ba2-and-affirms-its-standalone-credit-profile-at-b1-302764309.htmlSOURCE Ecopetrol S.A. Original: Moody's Downgrades Ecopetrol's Global Credit Rating to Ba2 and Affirms Its Stand-Alone Credit Profile at b1

Ecopetrol Files Its Form 20-F for the Fiscal Year 2025 with the U.S. Securities and Exchange CommissionApril 30, 2026 6:16 PM
PR Newswire (US)

BOGOTA, Colombia, April 30, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) hereby announces that it filed its Annual Report on Form 20–F for the fiscal year ended December 31, 2025, with the U.S. Securities and Exchange Commission (SEC) on April 30, 2026.







By filing the Form 20–F, Ecopetrol fulfills its reporting obligations to the SEC and ensures the dissemination of information to the New York Stock Exchange (NYSE), bondholders, and the broader market.The Annual Report on Form 20–F includes a detailed description of the Company's business, the risk factors to which it may be exposed, and its financial statements prepared in full compliance with International Financial Reporting Standards (IFRS). Such financial statements were audited and certified by Deloitte & Touche S.A.S. for fiscal year 2025, and by Ernst & Young Audit S.A.S. for fiscal years 2023 and 2024. Investors may obtain a printed copy of the financial statements free of charge upon request by contacting investors@ecopetrol.com.co.The Annual Report on Form 20–F for the fiscal year 2025 is available on the SEC's website, in accordance with applicable U.S. regulatory requirements, at the following link:Inline Viewer: ECOPETROL S.A. 20-F 2025-12-31------------------------------------- Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Investor Relations Office
Email: investors@ecopetrol.com.co Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co 



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Original: Ecopetrol Files Its Form 20-F for the Fiscal Year 2025 with the U.S. Securities and Exchange Commission

Ecopetrol announces the dates for the release of its first quarter 2026 earnings report and conference callApril 28, 2026 8:08 PM
PR Newswire (US)

BOGOTA, Colombia, April 28, 2026 /PRNewswire/ -- Ecopetrol S.A (BVC: ECOPETROL; NYSE: EC) hereby announces that on Tuesday, May 12, 2026, it will release its financial and operational results for the first quarter of 2026, after market closes.







On Wednesday, May 13, 2026, the company's management will hold a virtual earnings conference call, with simultaneous webcasts in Spanish and English, at the following times:Conference Call 09:00 a.m. Colombia Time10:00 a.m. New York TimeTo participate in the conference call, please use the following link and select the preferred language for the webcast:https://xegmenta.co/ecopetrol/registro-conferencia-de-resultados-1t-2026/Participants will be able to submit their questions through the platform once the webcast has begun.The earnings release, presentation, webcast and replay of the conference call will be available on Ecopetrol's website at www.ecopetrol.com.coTo ensure proper access, participants are encouraged to verify in advance that their web browsers support normal webcast operation and that they are using the latest versions of Internet Explorer, Google Chrome and/or Mozilla Firefox.------------------------------------- Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Investor Relations Office
Email: investors@ecopetrol.com.co Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co 



View original content to download multimedia:https://www.prnewswire.com/news-releases/ecopetrol-announces-the-dates-for-the-release-of-its-first-quarter-2026-earnings-report-and-conference-call-302756422.htmlSOURCE Ecopetrol S.A.

Original: Ecopetrol announces the dates for the release of its first quarter 2026 earnings report and conference call

Ecopetrol enters into an Agreement to acquire an equity stake in Brava Energia S.A. a company domiciled in BrazilApril 23, 2026 3:08 PM
PR Newswire (US)

BOGOTA, Colombia, April 23, 2026 /PRNewswire/ -- Ecopetrol S.A (BVC: ECOPETROL; NYSE: EC) hereby announces that on April 23, 2026, it entered into a Share Purchase Agreement with Jive, Yellowstone and Bloco Somah Printemps Quantum, which together constitute a group of significant shareholders holding approximately 26% of the outstanding common shares of the Brazilian company Brava Energia S.A. (B3: BRAV3) ("Brava"), for the acquisition by Ecopetrol S.A., or one of its affiliates or subsidiaries within the Ecopetrol Group, of 120,813,490 shares of Brava, representing approximately 26% of Brava's share capital.
Brava was incorporated in 2024 from the merger between 3R Petroleum Óleo e Gás S.A. and Enauta Participações S.A., two oil and gas companies operating in Brazil. Brava currently conducts crude oil and natural gas production activities in offshore and onshore fields across multiple basins in Brazil as well as participates in the midstream and downstream segments. As of December 2025, according to Brava's public information, the Company reported EBITDA of USD 806 million, with an EBITDA margin of 39%. Brava is positioned as the second-largest independent company listed in the Brazilian market in terms of reserves and production.The completion of this transaction is subject to certain customary conditions precedent, including, among others, approval by Brazil's Administrative Council for Economic Defense (CADE), the grant of certain waivers and consents considering Brava's financing instruments and relevant commercial agreements, as well as the purchase by Ecopetrol S.A., or one of its affiliates or subsidiaries within the Ecopetrol Group, of the number of shares required to achieve a 51% controlling stake of Brava's voting share capital.Therefore,  Ecopetrol S.A., or one of its affiliates or subsidiaries within the Ecopetrol Group, plans to launch a Voluntary Tender Offer (Oferta Pública de Aquisição – OPA) on the B3 stock exchange in Brazil, at a price of R$23.00 per share, to acquire the additional number of Brava shares required to secure a 51% equity interest in the Company. This offer price represents a premium of approximately 27.8% over the Volume–Weighted Average Price (VWAP) of the Company's shares during the 90 trading days immediately preceding the date of this announcement. The tender offer is addressed to all of Brava's shareholders, ensuring equal treatment and conditions, and will be subject to applicable regulatory requirements and certain conditions precedent.Ecopetrol S.A., or one of its affiliates or subsidiaries within the Ecopetrol Group expects to secure the funding required to consummate the transaction through a bridge loan, subject to the fulfillment of the applicable conditions precedent.Upon completion of the transaction, the Ecopetrol Group would incorporate pro–rata 1P reserves based on its ownership interest from Brava's total reported reserves of 459 million barrels of oil equivalent (MMboe) as of year-end 2025, under the Petroleum Resources Management System (PRMS) standard, through a diversified portfolio of offshore and onshore assets. In addition, the transaction would allow the immediate addition of pro–rata production from Brava's average reported production of approximately 81 thousand barrels of oil equivalent per day (Mboed) in 2025, strengthening production sustainability and cash flow generation in a geography where the Ecopetrol Group already has an established presence. This transaction directly supports the objectives set forth in the Ecopetrol Group's 2040 Strategy. Moreover, the transaction is aligned with the Ecopetrol Group's capital discipline and, upon closing, is expected to contribute to metrics such as ROACE and EBITDA. Finally, this transaction would expand the Ecopetrol Group's footprint in Brazil, diversifying its asset base in a high–growth region and strengthening its international portfolio.Once the applicable conditions precedent and legal requirements for closing the transaction have been satisfied, Ecopetrol will disclose relevant information in accordance with the applicable legal and regulatory framework through this same channel and/or any other required means.Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Investor Relations Office 
Email: investors@ecopetrol.com.co Head of Corporate Communications (Colombia)   
Marcela Ulloa   
Email: marcela.ulloa@ecopetrol.com.co 



View original content:https://www.prnewswire.com/news-releases/ecopetrol-enters-into-an-agreement-to-acquire-an-equity-stake-in-brava-energia-sa-a-company-domiciled-in-brazil-302752209.htmlSOURCE Ecopetrol S.A.

Original: Ecopetrol enters into an Agreement to acquire an equity stake in Brava Energia S.A. a company domiciled in Brazil

Standard & Poor's Global Ratings (S&P) Affirms Ecopetrol's Stand-Alone Credit Profile and Revises Its Global Credit RatingApril 9, 2026 8:20 AM
PR Newswire (US)

BOGOTA, Columbia, April 9, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol") informs that S&P Global Ratings, in its report dated April 8, 2026, revised Ecopetrol's global credit rating from BB to BB-, with a stable outlook, in line with the adjustment made to the sovereign credit rating of the Republic of Colombia on the same date.







S&P affirmed Ecopetrol's Stand-Alone Credit Profile (SACP) at bb+.In its report, S&P stated that Ecopetrol's global credit rating continues to be constrained by Colombia's sovereign rating, considering the Ecopetrol's relevance to the country's fiscal revenue generation, its status as a government-related entity, and its strategic role in the national energy sector. Accordingly, the stable outlook assigned to Ecopetrol directly reflects the outlook of the sovereign rating. The full report issued by S&P Global Ratings may be consulted below:Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector.This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements.For more information, please contact:Investor Relations Office
Email: investors@ecopetrol.com.coHead of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co Ecopetrol S.A. Downgraded To 'BB-' From 'BB' Following Similar Action On The Sovereign; Outlook StableRating Action OverviewOn April 8, 2026, S&P Global Ratings lowered its long-term foreign currency sovereign credit rating on Colombia to 'BB-' from 'BB' and long-term local currency sovereign credit rating to BB' from 'BB+' because of continued underperformance in its fiscal consolidation amid upcoming election period.Our ratings on Ecopetrol S.A. are capped by the sovereign rating, reflecting its significant contribution to Colombia's revenues via dividend distributions and government royalties, the government's ownership stake, and its key role in the country's energy transition.  As a result, on April 8, 2026, we lowered our issuer credit and issue-level ratings on Ecopetrol to 'BB-' from 'BB'.The revised outlook to stable from negative on Ecopetrol reflects that on Colombia. Rating Action Rationale Colombia's creditworthiness weakened due to fiscal risks and economic vulnerabilities.  Our sovereign credit ratings on Colombia are constrained by its limited fiscal flexibility, high and rising debt burden, weak external position characterized by volatile terms of trade, and moderate GDP per capita, all exacerbated by increasingly unpredictable fiscal policy. Unpredictable government policies, including broken fiscal rules and budget shortfalls, are causing deficits and inflation. While Colombia has a stable political system, ongoing security issues and recent election results create uncertainty about future economic improvements. The new government faces pressure to spend more while struggling to raise revenue, and the country remains vulnerable to global economic changes and oil price fluctuations. (See Colombia Long-Term Foreign Currency Rating Lowered To 'BB-' From 'BB' Due To Fiscal Imbalances; Outlook Stable, April 8, 2026. Our ratings on Ecopetrol remain capped by the credit risk of the sovereign and continue to move in line with our ratings on Colombia. We assess the probability of timely and sufficient government support to Ecopetrol under stress as very high, based on the government's 88.49% ownership stake and Ecopetrol's critical role as Colombia's leading oil and gas producer. Ecopetrol remains a substantial revenue contributor to Colombia, as demonstrated by the approximately Colombian peso (COP)11.7 trillion dividend distribution in 2025. The company also continues to invest about 3.0% of expected investments for 2026 in Colombia's energy transition, supporting the development of cleaner energy sources and increased natural gas availability.Recent government actions could limit Ecopetrol's future financial performance should they become permanent. Specifically, the agreement effective April 1, 2026, for Ecopetrol (and its Cartagena refinery) to receive approximately COP1.6 trillion from the first-quarter 2025 account of Colombia's Fuel Price Stabilization Fund (FEPC)--funded by Treasury bonds (TES) issued by the Republic of Colombia--suggests weaker fiscal consolidation and revenue expectations for the current administration. This suggests less flexibility for Ecopetrol to reduce dividends if needed.Dividend payments to the government resulted in free cash flow to debt (DCF) ratios of -5.0%, significantly below our 2.5% expectation. This highlights the government's significant influence over Ecopetrol's cash flow, as dividends consistently represent 40%-60% of net income. The government's continued tendency to maximize dividend payouts, coupled with its ongoing fiscal challenges, raises the possibility of constraints on Ecopetrol's future financial flexibility.OutlookThe stable outlook on Ecopetrol remains tied to that of Colombia, reflecting the company's continued importance to the Colombian economy and its strong relationship with the government. As a result, we expect our ratings on Ecopetrol to move in line with those on the sovereign.Downside scenarioWe could take a negative rating action on Ecopetrol in the next 12 months if we take a similar action on Colombia.On the other hand, we could revise its stand-alone credit profile (SACP) down in the next 12 months if:The company's financial performance weakens such that we expect its adjusted net debt to EBITDA to consistently rise close to 3.0x. This could stem from lower prices, weaker production sales, or increased debt beyond our expectations;We perceive weaker business for Ecopetrol if it posts declines in production or replacement ratios below 100%; or Ecopetrol prioritizes cash outflows as dividends rather than for maintenance and growth capital expenditures (capex).Upside scenarioWe could take a positive rating action on Ecopetrol if we were to take a similar action on the long-term foreign currency sovereign credit rating on Colombia.Although unlikely within the next 12 months, we could revise up the SACP to 'bbb-' if the company's operating and financial performance is well above our expectations. This scenario could result if:Ecopetrol has higher-than-expected production stemming from investments in Colombia or international fields;The company has debt-to-EBITDA ratios below 2.0x while improving profitability margins despite price volatility;Ecopetrol improves cash flows after capex and dividends, leading to discretionary cash flow to debt at or above 15%; orThere are more independent board members and the company improves board member turnover.Company DescriptionEcopetrol is a vertically integrated oil and gas company based in Bogota, Colombia. The company also engages in power and infrastructure-related activities. It has a presence in Colombia, Brazil, Mexico, the U.S. Gulf Coast, and Singapore, as well as in Chile, Peru, and Bolivia through Interconexión Eléctrica S.A. (ISA).Ecopetrol is involved in all stages of the hydrocarbon chain: exploration, production, refining, and marketing, as well as the electric transmission business. The government of Colombia currently owns 88.49% of Ecopetrol, making it the controlling shareholder. Institutional shareholders and retail investors own the remaining 11.51%.Rating Component Scores
Component
Foreign currency issuer credit ratingBB-/Stable/--Local currency issuer credit ratingBB-/Stable/--Business riskSatisfactory   Country riskModerately high risk   Industry riskModerately high risk   Competitive position SatisfactoryFinancial riskSignificant   Cash flow/leverageSignificantAnchorbbb-Modifiers
   Diversification/portfolio effectNeutral/Undiversified   Capital structureNeutral   Financial policyNeutral   LiquidityAdequate   Management and governanceModerately negative   Comparable rating analysisNeutralStand-alone credit profilebb+Related CriteriaCriteria | Corporates | General: Sector-Specific Corporate Methodology, July 7, 2025Criteria | Corporates | General: Corporate Methodology, Jan. 7, 2024Criteria | Corporates | General: Methodology: Management And Governance Credit Factors For Corporate Entities, Jan. 7, 2024General Criteria: Environmental, Social, And Governance Principles In Credit Ratings, Oct. 10, 2021General Criteria: Group Rating Methodology, July 1, 2019Criteria | Corporates | General: Corporate Methodology: Ratios And Adjustments, April 1, 2019Criteria | Corporates | General: Reflecting Subordination Risk In Corporate Issue Ratings, March 28, 2018General Criteria: Rating Government-Related Entities: Methodology And Assumptions, March 25, 2015Criteria | Corporates | General: Methodology And Assumptions: Liquidity Descriptors For Global  Corporate Issuers, Dec. 16, 2014General Criteria: Methodology: Industry Risk, Nov. 19, 2013General Criteria: Country Risk Assessment Methodology And Assumptions, Nov. 19, 2013General Criteria: Principles Of Credit Ratings, Feb. 16, 2011Related ResearchColombia Long-Term Foreign Currency Rating Lowered To 'BB-' From 'BB' Due To Fiscal Imbalances; Outlook Stable, April 8, 2026S&P Global Ratings Raises 2026 Oil Price Assumptions On Longer-Than-Expected Oil Flows Disruption, March 16, 2026Ecopetrol S.A. Downgraded To 'BB' From 'BB+' On Similar Action On Colombia; Outlook Negative, June 27, 2025Ecopetrol S.A. 'BB+' Ratings Affirmed; Outlook Still Negative; Stand-Alone Credit Profile Revised Down, June 4, 2025Ratings ListRatings List

Downgraded; Outlook Action


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Issuer Credit RatingBB-/Stable/--BB/Negative/--Downgraded


ToFromEcopetrol S. A.

Senior UnsecuredBB-BBCertain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed to them in our criteria, and should therefore be read in conjunction with such criteria. Please see Ratings Criteria at https://disclosure.spglobal.com/ratings/en/regulatory/ratings-criteria for further information. A description of each of S&P Global Ratings' rating categories is contained in "S&P Global Ratings Definitions" at https://disclosure.spglobal.com/ratings/en/regulatory/article/-/view/sourceId/504352. Complete ratings information is available to RatingsDirect subscribers at www.capitaliq.com. All ratings referenced herein can be found on S&P Global Ratings' public website at www.spglobal.com/ratings.Copyright © 2026 by Standard & Poor's Financial Services LLC. 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S&P Parties disclaim any duty whatsoever arising out of the assignment, withdrawal or suspension of an acknowledgment as well as any liability for any damage alleged to have been suffered on account thereof.S&P keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain business units of S&P may have information that is not available to other S&P business units. S&P has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process.S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or from obligors. S&P reserves the right to disseminate its opinions and analyses. S&P's public ratings and analyses are made available on its Web sites, www.spglobal.com/ratings (free of charge), and www.ratingsdirect.com (subscription), and may be distributed through other means, including via S&P publications and third-party redistributors. Additional information about our ratings fees is available at www.spglobal.com/usratingsfees.STANDARD & POOR'S, S&P and RATINGSDIRECT are registered trademarks of Standard & Poor's Financial Services LLC.Primary ContactHumberto Patino
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@ spglobal.com 



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Original: Standard & Poor's Global Ratings (S&P) Affirms Ecopetrol's Stand-Alone Credit Profile and Revises Its Global Credit Rating

Decisions of Ecopetrol's Board of DirectorsApril 7, 2026 8:54 AM
PR Newswire (US)

BOGOTÁ, Colombia, April 7, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol") announces that its Board of Directors, at a meeting held on April 6, 2026, approved an unpaid leave of absence requested by the Company's President, Mr. Ricardo Roa Barragán. This unpaid leave of absence was authorized in accordance with Section 3 of Article 23 of the Company's Bylaws and the Decision-Making and Authorities Matrix.







The unpaid leave of absence is set to start on May 28, 2026, and is expected to last for 30 calendar days. Additionally, the President requested to use his accrued and entitled vacation days. Mr. Roa's vacation period is scheduled from April 7, 2026, to May 27, 2026.The Board of Directors has appointed Mr. Juan Carlos Hurtado Parra as Acting President. Mr. Hurtado currently serves as Executive Vice President of Hydrocarbons and is the first alternate to the President, a role he has held since November 16, 2025.Mr. Hurtado previously served as Vice President of Exploration, Development, and Production at Ecopetrol and has held executive positions focused on resource management and coordination. He is an electrical engineer, holds a specialization in Project Evaluation and Development, and has a Master of Business Administration (MBA) in International Oil and Gas. He has 28 years of experience in the energy sector, including a long professional career at Ecopetrol and executive roles at Transportadora de Gas Internacional (TGI).Ecopetrol will continue to operate in accordance with its corporate strategy.Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Investor Relations Office
Email: investors@ecopetrol.com.co Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co  



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Original: Decisions of Ecopetrol's Board of Directors

Ecopetrol S.A. obtains authorization to carry out a debt management transaction of up to USD 1.25 billionApril 2, 2026 9:49 PM
PR Newswire (US)

BOGOTA, Colombia, April 2, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" and together with its subsidiaries, the "Ecopetrol Group") hereby reports that, as part of its comprehensive debt management strategy, through Resolution No. 0666 dated April 1, 2026, the Ministry of Finance and Public Credit ("MHCP") authorized the execution of a loan of up to USD 1.25 billion.







The lenders participating in the loan are: Banco Bilbao Vizcaya Argentaria, S.A. New York Branch (USD 350 million), Bank of America, N.A. (USD 350 million), JP Morgan Chase Bank, N.A. (USD 350 million), and Bank of China Limited – Panama Branch (USD 200 million). The term of the loan will be five (5) years as from the execution date of the agreement, repayable in four (4) equal installments and bearing a floating interest rate indexed to the SOFR rate, under the terms previously agreed with the lenders.This loan was authorized within the framework of a request submitted by Ecopetrol to execute an external public debt management. The transaction involves: (i) repayment of the USD 1.2 billion loan authorized by the MHCP under Resolution No. 0652 dated March 20, 2024, originally entered into for the acquisition of Ecopetrol's ownership interest in Interconexión Eléctrica S.A. E.S.P; and (ii) repayment of USD 50 million of the outstanding balance of the USD 500 million loan authorized by the MHCP under Resolution No. 0910 dated April 25, 2025.The MHCP has reviewed and authorized the terms of the loan agreement, which includes customary borrower events of default, such as failure to pay principal or interest, potential impairment of the borrower's payment capacity, impairment of the integrity of its financial information, and breach of covenants. If any such event occurs, the lenders may demand early repayment of the debt, following the procedure set forth in the agreement. The agreement also provides Ecopetrol with the right to seek recourse against the lenders if they fail to disburse funds as required. The agreement is governed by the laws of the State of New York.The terms of this agreement demonstrate the international financial sector's support for and confidence in the Ecopetrol Group's strategy to reduce debt costs and optimize its maturity profile.All required internal procedures and approvals were completed by Ecopetrol prior to executing the loan.Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Investor Relations Office
Email: investors@ecopetrol.com.co  Head of Corporate Communications (Colombia) 
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co



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Original: Ecopetrol S.A. obtains authorization to carry out a debt management transaction of up to USD 1.25 billion

Ecopetrol S.A. and Refinería de Cartagena S.A.S. Execute Agreement with the Nation for the Outstanding Payment of the FEPC Corresponding to the First Quarter of 2025April 2, 2026 8:52 AM
PR Newswire (US)

BOGOTÁ, Colombia, April 2, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that:







Through Resolutions 00368 and 00369 dated March 31, 2026, the Hydrocarbons Directorate of the Ministry of Mines and Energy ordered the payment of the outstanding balance of the Fuel Price Stabilization Fund ("FEPC") for the first quarter of 2025, for a total amount of COP 1.6 trillion, of which COP 1.2 trillion is attributable to Ecopetrol S.A. and COP 0.4 trillion is attributable to Refinería de Cartagena S.A.S.Ecopetrol S.A., Refinería de Cartagena S.A.S., and the Government of the Republic of Colombia (the "Nation"), represented by the Ministry of Finance and Public Credit, have entered into a payment agreement under which the Nation undertakes to pay the outstanding balance of the FEPC account corresponding to the first quarter of 2025. The payment is expected to be made in accordance with the terms set forth below:Payment DateAmount (COP)Payment MethodApril 1, 20262,891,901,795.00Cash transferDecember 15,20261,555,514,748,090.21Treasury Securities (TES) issued
by the Republic of ColombiaUnder this agreement, the Nation acknowledges in favor of Ecopetrol S.A. and Refinería de Cartagena S.A.S. the cost associated with the time elapsed between the execution of the agreement and the payment scheduled for December 2026.Additionally, this agreement confirms the Nation's acknowledgment of its payment obligation and highlights the joint efforts of Ecopetrol and the Government.The Ecopetrol Group continues to work in close coordination with the Ministries of Finance and Public Credit and of Mines and Energy — the authorities responsible for fuel pricing policy — in the implementation of payment mechanisms and the reduction of FEPC balances.Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Investor Relations Office
Email: investors@ecopetrol.com.coHead of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co 



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Original: Ecopetrol S.A. and Refinería de Cartagena S.A.S. Execute Agreement with the Nation for the Outstanding Payment of the FEPC Corresponding to the First Quarter of 2025

Decisions Adopted by the Shareholders in Ordinary General Meeting held on March 27, 2026March 30, 2026 5:16 PM
PR Newswire (US)

BOGOTA, Colombia, March 30, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that its Ordinary General Shareholders' Meeting took place on March 27, 2026, at 9:21 a.m., after the Company duly convened the meeting in accordance with all applicable legal and bylaw requirements. During the meeting, shareholders voted on each item on the agenda as detailed below:







Approval of the AgendaThe shareholders approved the agenda proposed for the meeting.Appointment of the Chairman of the General Shareholders' MeetingThe shareholders appointed Mr. Germán Ávila, Minister of Finance and Public Credit, as Chairman of the General Shareholders' Meeting.Appointment of the Elections and Vote-Counting Committee of the General Shareholders' MeetingThe shareholders appointed the Elections and Vote-Counting Committee, as proposed by shareholder Amparo del Pilar González.Appointment of the Committee for the Review and Approval of the Minutes of the General Shareholders' MeetingThe shareholders appointed the Committee for the Review and Approval of the minutes, as proposed by shareholder Edisson Forero.Approval of the Board of Directors' Corporate Governance ReportDr. Luis Felipe Henao Cardona, Chairman of the Corporate Governance and Sustainability Committee, presented a summary of the report on compliance with and implementation of corporate governance practices, in accordance with the Company's Bylaws, Ecopetrol's internal regulations, and the recommendations of the Colombian Code of Best Corporate Practices (Código País).
The shareholders approved the report.This report is included in the Integrated Management Report for the year 2025.Approval of the 2025 Integrated Management ReportThe President of Ecopetrol presented the most relevant aspects of the 2025 Integrated Management Report. The shareholders  approved the report, which is available on the Company's corporate website: https://www.ecopetrol.com.co/wps/portal/Home/es/Inversionistas/Asambleageneraldeaccionistas/asambleaordinaria2026/ Approval of the Audited Individual and Consolidated Financial StatementsThe Company made a general presentation of the individual and consolidated financial statements. The shareholders approved these financial statements, which are available on the Company's corporate website: https://www.ecopetrol.com.co/wps/portal/Home/es/Inversionistas/Asambleageneraldeaccionistas/asambleaordinaria2026/ Additionally, the 2025 Integrated Management Report includes the individual and consolidated financial statements.Presentation and Approval of the Proposal for the Distribution of Profits to Ecopetrol ShareholdersThe shareholders approved the profit distribution proposal that the Ministry of Finance and Public Credit, acting on behalf of the Nation, submitted. The proposal provides for an ordinary dividend of one hundred twenty-one Colombian pesos (COP $121) per share.The Company expects to pay the dividend to minority shareholders in a single installment no later than April 30, 2026. For the majority shareholder, the Company expects to pay four trillion Colombian pesos (COP $4.0 trillion) no later than April 30, 2026, and to pay the remaining balance no later than June 30, 2026. The shareholders also approved the creation of an occasional reserve in the amount of COP $20.7 trillion, intended to provide flexibility in the execution of the Company's strategy.Consideration and Approval of the Merger and the Merger Agreement to Be Entered Into Between Ecopetrol (Surviving Entity) and Parque Solar Portón del Sol S.A.S. (Absorbed Entity)The General Shareholders' Meeting approved the merger, as well as the Merger Agreement and its annexes, executed between Ecopetrol S.A. (as the surviving entity) and Parque Solar Portón del Sol S.A.S. (as the absorbed entity).Request for Consideration and Approval of a Bylaws Amendment Submitted by Pension Funds Managed by Colfondos S.A. Pensiones y Cesantías – ACCAI (Colfondos)Colfondos proposed amendments to Articles 13, 15, and 30 of the Company's Bylaws and requested that the General Secretariat carry out the corresponding updates, register them with the Chamber of Commerce, and publish the updated text on the official website.
However, shareholders did not approve this proposal.The shareholders voted on the agenda items as follows:Matter submitted for consideration by the General Shareholders' MeetingAgenda proposed by Ecopetrol in the notice of meetingAgenda proposed in the notice of meeting, including the item regarding the President's resignationBlank voteAbstentionApproval of the agenda93.69422215 %0.00356336 %0.00004189 %6.3021726 %Matter submitted for consideration by the General Shareholders' MeetingSignificance of the affirmative voteSignificance of the negative voteBlank voteAbstentionAppointment of the Chair of the General Shareholders' Meeting95.67111213 %0.00158671 %0.00019837 %4.3271028 %Appointment of the Election and Ballot Counting Committee of the General Shareholders' Meeting95.73857915 %0.00120232 %0.00020311 %4.26001542 %Appointment of the Committee for the Review and Approval of the Minutes of the General Shareholders' Meeting99.9713716 %0.0010562 %0.00018081 %0.02739139 %Approval of the Board of Directors' Report on Corporate Governance95.68114896 %4.26811301 %0.05064543 %0.0000926 %Approval of the 2025 Integrated Management Report95.66650238 %4.27560784 %0.05067245 %0.00721732 %Approval of the audited individual and consolidated financial statements297.40315769 %2.53925455 %0.05063641 %0.00652545 %Matter submitted for consideration by the General Shareholders' MeetingProposal 1: Ecopetrol: Distribute 110 pesos per share and pay dividends to all shareholders in a single installment no later than April 30, 2026Proposal 2National Government – Ministry of Finance and Public Credit: Distribute 121 pesos per share, with dividends to minority shareholders to be paid in a single installment no later than April 30, 2026, while the majority shareholder is to receive a payment of four trillion pesos ($4.0 trillion) no later than April 30, 2026, and the remaining amount no later than June 30, 2026Proposal 3 (Pablo Emilio Martínez Corredor)To distribute 130 pesos per share and to pay dividends to shareholders in a single installment no later than April 30, 2026Abstention   Blank VotePresentation and approval of the proposed profit distribution plan for Ecopetrol shareholders8.72404226 %90.91514288 %0.29664358 %0.01358579 %   0.05058549 %Matter submitted for consideration by the General Shareholders' MeetingSignificance of the affirmative voteSignificance of the negative voteBlank voteAbstentionConsideration and approval of the merger and the merger agreement to be entered into between Ecopetrol (the acquiring company) and Parque Solar Portón del Sol S.A.S. (the acquired company)99.26774214 %0.68162423 %0.05058601 %0.00004761 %Request for consideration and approval of a bylaw amendment by pension funds managed by Colfondos S.A. Pensiones y Cesantías – ACCAI (Colfondos)   0.69508317 %0.08493806 %0.00001195 %99.21996682 %Ecopetrol is Colombia's largest company and one of the leading integrated energy companies in the Americas, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of hydrocarbon production, most of the hydrocarbon transportation, logistics, and refining system, and has leading positions in petrochemicals and gas distribution. With the acquisition of 51.4% of ISA's shares, it participates in energy transmission, real-time systems management (XM), and the Barranquilla-Cartagena coastal road concession. Internationally, Ecopetrol has a presence in strategic basins in the Americas, with E&P operations in the United States (Permian Basin and Gulf of Mexico), Brazil, and Mexico. Through ISA and its subsidiaries, it holds leading positions in the energy transmission business in Brazil, Chile, Peru, and Bolivia, as well as in road concessions in Chile and telecommunications. For more information, please contact: Investor Relations Department
Email: investors@ecopetrol.com.co  Media Relations (Colombia)
Marcela Ulloa Beltrán
Email: marcela.ulloa@ecopetrol.com.co



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Original: Decisions Adopted by the Shareholders in Ordinary General Meeting held on March 27, 2026

Statement by Ecopetrol's Board of DirectorsMarch 25, 2026 11:26 AM
PR Newswire (US)

BOGOTA, Colombia, March 25, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that its Board of Directors concluded a meeting on March 24, 2026, during which, among other matters, the following issues were discussed:
The communication sent by the UNIÓN SINDICAL OBRERA ("USO") titled "Request for Dr. Ricardo Roa Barragán to Be Removed from His Position as President of Ecopetrol." In this letter, the union expressed its position regarding the current situation of Mr. Ricardo Roa Barragán as President of Ecopetrol S.A. and indicated that a nationwide workers' mobilization may be convened if the Board does not take the requested actions.Requests submitted by minority shareholders, which make reference, among others, to the public disclosure—of the decision issued by the Office of the Attorney General of Colombia, regarding the formal charges against the President, the Board of Directors' analyses of this situation, and questions about the possible activation of default clauses in existing contracts and potential non-compliance with regulations applicable to Ecopetrol.The statement from attorney Diego Henao Vargas, legal representative of Luis Enrique Rojas Cuéllar, former President of Hocol S.A. ("Hocol"), a subsidiary of the Ecopetrol Group, who issued a response to Hocol's statement titled "Hocol Rejects Unfounded Allegations by a Former Company Official," demanding—as far as Ecopetrol is concerned—the resignation of Ecopetrol's current president. This statement was in response to Hocol's press release and included, among other matters, a call for the resignation of Ecopetrol's current President.After a thorough and diligent review of these matters, the Board of Directors states the following:The Board recognizes its responsibilities under the applicable standards of due diligence and has been assessing the risks to the Company arising from various news reports concerning Dr. Roa. This assessment has been supported by relevant internal departments—particularly the Corporate Compliance Directorate—and by external expert advisors from both Colombia and the United States. The Board has also implemented and is maintaining appropriate monitoring measures in accordance with a dedicated protocol implemented for this purpose.The Board gives great importance to the views of the employees represented by the USO, a historic labor union for the country and the Company. Ecopetrol reaffirms its commitment to constructive dialogue with stakeholders, to maintain operational continuity, and to create value for all its shareholders.With regards to the communication from minority shareholders, the Board addressed each issue raised, noting that on March 11, 2026, and through this channel, Ecopetrol disclosed the decision of the Office of the Attorney General of Colombia regarding the formal charges against the President. The Board also referenced the analyses conducted in relation to this matter, confirmed that, as of this date, there have not been violations of regulations governing Ecopetrol, nor breaches of credit agreements or other material contracts as a result of this situation, and stated that the Company has not received any notifications of requirements, investigations, orders, or ongoing proceedings from the competent securities market authorities.The Company is continuously monitoring proceedings of various types initiated against Ecopetrol and/or its legal representative. This ongoing monitoring underscores senior management's commitment to ensuring that investors and the public receive complete, accurate, and sufficient information.Ecopetrol's Board of Directors remains fully committed to safeguarding the interests of the Company and the rights of its shareholders, while upholding the highest standards of transparency and good corporate governance.Ecopetrol is Colombia's largest company and one of the leading integrated energy companies in the Americas, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of hydrocarbon production, most of the hydrocarbon transportation, logistics, and refining system, and has leading positions in petrochemicals and gas distribution. With the acquisition of 51.4% of ISA's shares, it participates in energy transmission, real-time systems management (XM), and the Barranquilla-Cartagena coastal road concession. Internationally, Ecopetrol has a presence in strategic basins in the Americas, with E&P operations in the United States (Permian Basin and Gulf of Mexico), Brazil, and Mexico. Through ISA and its subsidiaries, it holds leading positions in the energy transmission business in Brazil, Chile, Peru, and Bolivia, as well as in road concessions in Chile and telecommunications. For more information, please contact:
Investor Relations Department
Email: investors@ecopetrol.com.co  Media Relations (Colombia)
Marcela Ulloa Beltrán
Email: marcela.ulloa@ecopetrol.com.co 



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Original: Statement by Ecopetrol's Board of Directors

Statement on Decision by the Attorney General's OfficeMarch 12, 2026 3:12 PM
PR Newswire (US)

BOGOTÁ, Colombia, March 12, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that the Attorney General's Office, as part of an investigation into Ecopetrol's President Ricardo Roa, has decided to bring charges against him for his alleged responsibility for the crime of influence peddling by a public servant. This proceeding was held before the 35th Court of Guarantees of Bogotá.Under Colombian law, the indictment is an act of communication that formally links Mr. Ricardo Roa to the criminal proceedings, discloses the facts under investigation and their legal consequences, and activates his right to defense.  This proceeding does not amount to a conviction or a decision on the merits and does not undermine Mr. Ricardo Roa's presumption of innocence.The Board of Directors respects Ricardo Roa's presumption of innocence and his right to due process. At a plenary meeting held on March 11, 2026, the Board of Directors determined that, in compliance with its fiduciary duty under Law 222 of 1995, Law 964 of 2005, and the Code of Good Governance, it plans to continue to act in accordance with due diligence and an established protocol. This protocol provides for an internal investigation and evaluation of the allegations.The Board of Directors has been informed by management and supported by national and international firms. The Board of Directors plans to continue to deliberate to adopt a formal decision on the compatibility of Mr. Ricardo Roa's continuity with Ecopetrol's regulatory obligations, in accordance with Board of Directors' duties.The Board of Directors will continue to closely and judiciously monitor the financial information in order to analyze it and take corrective measures to address the impact that the President's situation could have on the company's securities.The Board of Directors is committed to ensuring the confidence of investors and stakeholders, as well as the financial sustainability, values, and governance of Ecopetrol.Ecopetrol is Colombia's largest company and one of the leading integrated energy companies in the Americas, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of hydrocarbon production, most of the hydrocarbon transportation, logistics, and refining system, and has leading positions in petrochemicals and gas distribution. With the acquisition of 51.4% of ISA's shares, it participates in energy transmission, real-time systems management (XM), and the Barranquilla-Cartagena coastal road concession. Internationally, Ecopetrol has a presence in strategic basins in the Americas, with E&P operations in the United States (Permian Basin and Gulf of Mexico), Brazil, and Mexico. Through ISA and its subsidiaries, it holds leading positions in the energy transmission business in Brazil, Chile, Peru, and Bolivia, as well as in road concessions in Chile and telecommunications. For more information, please contact:Investor Relations Department
Email: investors@ecopetrol.com.coMedia Relations (Colombia)
Marcela Ulloa Beltrán
Email: marcela.ulloa@ecopetrol.com.co



View original content:https://www.prnewswire.com/news-releases/statement-on-decision-by-the-attorney-generals-office-302712753.htmlSOURCE Ecopetrol S.A.

Original: Statement on Decision by the Attorney General's Office

Ecopetrol publishes chapter on social and environmental issues, including climate, for 2025March 5, 2026 10:26 AM
PR Newswire (US)

BOGOTA, Colombia, March 5, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that, in accordance with External Circular 031 of 2021 issued by the Superintendency of Finance of Colombia, it has published the chapter for 2025 on practices, policies, processes and indicators related to social and environmental issues, including climate. The published chapter can be consulted in Spanish on Ecopetrol's website.Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Investor Relations Office
Email: investors@ecopetrol.com.co Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co  





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Original: Ecopetrol publishes chapter on social and environmental issues, including climate, for 2025

Ecopetrol's 2025 Earnings Distribution ProposalMarch 4, 2026 5:22 PM
PR Newswire (US)

BOGOTA, Colombia, March 4, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces that, the Company's proposal for the distribution of 2025 earnings, which has been approved by its board of directors, and is intended to be submitted for the consideration of the General Shareholders' Meeting expected to be held on March 26, 2026.2025 EARNINGS DISTRIBUTION PROPOSAL  (Colombian Pesos- COP) 

Net income after provision for income tax9,028,764,859,338 +  Release of reserves from previous years17,144,573,697,440Occasional reserve for sustainability16,635,492,094,077Excess fiscal depreciation reserve (Art.130 ET.)509,081,603,363

 -  Legal reserves of the current year509,081,603,363Excess fiscal depreciation reserve (Art. 130 ET.)509,081,603,363Available to the Shareholders25,664,256,953,415It is proposed to be distributed as follows:
Ordinary Dividend According to dividend policy (Payout 1 50.1% of Net Income) 4,522,836,415,921Allocated to occasional reserve for sustainability:21,141,420,537,494Total:25,664,256,953,415Total dividend payable per share110

1 A 50.1% dividend payout ratio established within the policy range was applied to the net income, resulting in a dividend per share with decimals, which was rounded to the nearest number in COP/share. The payout percentage shown is rounded to the first decimal place.The earnings distribution proposal, consistent with the Company's current dividend policy, proposes an ordinary dividend distribution of COP 110 per share, equivalent to a payout of 50.1% of Ecopetrol S.A.'s net income in 2025.The payment of dividends to all shareholders is proposed to be made no later than April 30, 2026. This payment is expected to be made in coordination with the defined payment schedule for the balance of the Fuel Price Stabilization Fund (FEPC) debt, which corresponds to the FEPC balance accumulated in 2025.Moreover, the board of directors proposes the allocation of COP 21,141,420,537,494 to an occasional reserve to support the Company's financial sustainability and flexibility in the execution of its strategy.Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Investor Relations Office
Email: investors@ecopetrol.com.co Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co  





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Original: Ecopetrol's 2025 Earnings Distribution Proposal

Ecopetrol announces the dates for the presentation of its fourth quarter and full-year 2025 results report and conference callMarch 2, 2026 11:19 AM
PR Newswire (US)

BOGOTÁ, Colombia, March 2, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that on Wednesday, March 4, 2026, it plans to release its financial and operating results for the fourth quarter of 2025 and for the full year, after the market closes.
On Thursday, March 5, 2026, management plans to hold a virtual conference, with simultaneous transmission in Spanish and English at the following times:Conference09:00 a.m. Colombia Time09:00 a.m. New York TimeTo participate in the conference, please use the following link and select your preferred language for the broadcast:https://xegmenta.co/ecopetrol/conferencia-de-resultados-4t-2025/Participants may ask questions via the platform once the call has begun.The earnings release, presentation, webcast, and recording of the conference call will be available on Ecopetrol's website: www.ecopetrol.com.co To ensure access, we recommend that you verify in advance that your browsers allow the webcast to operate normally and that you have the latest versions of Internet Explorer, Google Chrome, and/or Mozilla Firefox.Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector.This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements.For more information, please contact: Investor Relations Office
Email: investors@ecopetrol.com.co  Head of Corporate Communications (Colombia) 
Marcela Ulloa 
Email: marcela.ulloa@ecopetrol.com.co 



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Original: Ecopetrol announces the dates for the presentation of its fourth quarter and full-year 2025 results report and conference call

GENERAL SHAREHOLDERS' MEETING OF ECOPETROL S.A.February 19, 2026 9:25 PM
PR Newswire (US)

BOGOTA, Colombia, Feb. 19, 2026 /PRNewswire/ -- The Chief Executive Officer of Ecopetrol S.A. ("Ecopetrol") hereby summons all shareholders to the General Shareholders' Meeting (the "Meeting") to be held on Friday, March 27, 2026, starting at 9:00 a.m., at Centro Internacional de Negocios y Exposiciones (Corferias), located on Carrera 37 No. 24 - 67 in Bogota, D.C.







The agenda for the Meeting is expected to be the following:Safety guidelinesQuorum verificationOpening of the Meeting by the Chief Executive Officer of EcopetrolApproval of the agendaAppointment of the chairperson presiding over the MeetingAppointment of the commission responsible for scrutiny and counting of the votesAppointment of the commission responsible for the revision and approval of the minutes of the MeetingPresentation and review of the board of directors' Corporate Governance ReportPresentation and review of the 2025 Integrated Management ReportPresentation and review of the audited individual and consolidated financial statements as of December 31, 2025Reading of the Independent Auditor's opinionApproval of the board of directors' Corporate Governance ReportApproval of the 2025 Integrated Management ReportApproval of the audited individual and consolidated financial statements Presentation and approval of the planned profit distribution for Ecopetrol's shareholdersReview and approval of the merger and the merger agreement to be entered into by and between Ecopetrol (as surviving company), and Parque Solar Portón del Sol S.A.S. (as absorbed company)Interventions and miscellaneousThe meeting is planned to be held in person and also is also planned to be streamed live on Ecopetrol's website.The voting process is expected to be conducted electronically. Shareholders are requested to attend the Meeting with their smart mobile device. If a shareholder does not have access to a [device with the required technical specifications][smart mobile device], the company plans to provide an alternative mechanism to enable voting by shareholders.Beginning on March 5, 2026, shareholders may exercise the right of inspection over Ecopetrol's books and other documents referred to in Articles 446 and 447 of the Commercial Code. Shareholders, their proxies and/or their representatives may request an in-person appointment by emailing derechodeinspeccion2026@ecopetrol.com.co, at least one business day prior to the intended inspection date, in accordance with applicable regulations (available at www.ecopetrol.com.co/asamblea-2026). The aforementioned email address is intended solely and exclusively for scheduling the in-person appointment. Any other concerns or requests must be sent to accionistas@ecoptrol.com.co.Pursuant to Article 13 of Law 222 of 1995, we inform shareholders that the merger proposal referred to in item 16 of the agenda is expected to be made available at the Ecopetrol's main domicile, within the legally required time frame. Likewise, we further inform shareholders that said merger does not impose any greater liability upon them nor does it entail any impairment of their economic rights. Therefore, withdrawal rights have not been triggered. Notwithstanding the foregoing, absent or dissenting shareholders who consider that such grounds exist may submit their objection to the merger in accordance with Article 14 of Law 222 of 1995Shareholders who are unable to attend the Meeting may be represented by proxy. Proxies must meet the requirements established in Article 184 of the Commercial Code. Proxy templates in Spanish and English can be downloaded from the website at www.ecopetrol.com.co/asamblea-2026.engFor purposes of shareholder representation, the provisions of Legal Circular 006 of 2025 regarding the illegal, unauthorized and unsafe practices by securities issuers shall apply.Except in cases of legal representation via proxy, Ecopetrol's managers and employees may not represent shares other than their own while they are employed by Ecopetrol. They may also not act as substitute attorneys-in fact. Additionally, they may not vote on the Company's financial statements.RICARDO ROA BARRAGÁN
Chief Executive OfficerRECOMMENDATIONSIf an individual is acting as a proxy representative, the corresponding proxy form must be submitted in its physical form at registration along with any additional documentation required. Certificates of incorporation and legal representation of the companies must have an issuance date not exceeding one month.To avoid overcrowding, guarantee the adequate participation of all shareholders, the doors of Corferias and registration points will open as of 7:00 a.m.To expedite the registration process and ensure appropriate participation at theIf you experience symptoms of acute respiratory infection (cough, fever, sore throat, muscle pain), we recommend that you refrain from attending the Meeting and instead follow it live via streaming. If you choose to attend, please wear a face mask during the Meeting.Shareholders are invited to update their personal information through the Shareholder Service Office´s mailbox and/or phone number and/or the Shareholder portal available on Ecopetrol´s website.Meeting, in the case of individuals representing as proxy multiple shareholders, it is suggested a proxy representative is only responsible for at most 50 proxy forms.Only one helper per shareholder requiring additional assistance will be allowed entry.Only one kit will be provided per shareholder or proxy, regardless of the number of people they represent. The substitution or revocation of the power of attorney will not entitle the delivery of a new kit.Publicity material or any other type of material that might hamper the normal course of the meeting will not be allowed in the facility and their distribution is strictly prohibited.ADDITIONAL INFORMATION IS AVAILABLE AT:
Shareholder Services Office
Telephone Bogotá: +(57) 601307 70 75; rest of the country: +(57) 01 8000 113434 
Email: accionistas @rguns" target="_blank" rel="nofollow">www.ecopetrol.com.co/asamblea-2026



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Original: GENERAL SHAREHOLDERS' MEETING OF ECOPETROL S.A.

Ecopetrol publishes measures aimed at ensuring the adequate representation of Shareholders at the Annual General Meeting to be held on March 27th, 2026February 19, 2026 9:25 PM
PR Newswire (US)

BOGOTA, Colombia, Feb. 19, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces that to comply with the provisions of Part III, Title I, Chapter VI of the Legal Basic Circular issued by the Financial Superintendence of Colombia (C.E. 006 of 2025), the Company expects to implement the following measures at the Extraordinary Shareholders' Meeting planned to be held on March 27, 2026. The purpose of these measures is to ensure the adequate representation of shareholders in such meeting:







Inform shareholders of their right to be represented by proxy and set out the legal requirements of the proxies to be granted for such purpose.Instruct those designated to verify the shareholders' proxy assignments that they may not accept a those proxies that fail to meet the minimum requirements established by law, and that no powers of attorney will be accepted where the name of the respective appointed representative is not clearly stated.Remind Ecopetrol's managers and employees that: (i) they must not suggest or determine the names of appointees in shareholders' proxies; (ii) they must not recommend that shareholders vote for a specific candidate list for the board of directors; and (iii) they must not suggest or coordinate, with shareholders on the submission of proposals at the meeting, or on voting in favor of or against any proposal submitted at the meeting.Prohibit granting powers of attorney to individuals directly or indirectly connected to the management or to employees of Ecopetrol.Remind employees that, except in cases of legal representation, they may not, while serving in their roles, represent at the meeting any shares other than their own.Designate the Corporate Legal Vice Presidency and General Secretariat as the area responsible for reviewing and verifying that proxies meet the above-described requirements.Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Investor Relations Office
Email: investors@ecopetrol.com.co  Head of Corporate Communications (Colombia) 
Marcela Ulloa 
Email: marcela.ulloa@ecopetrol.com.co 



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Original: Ecopetrol publishes measures aimed at ensuring the adequate representation of Shareholders at the Annual General Meeting to be held on March 27th, 2026

Ecopetrol S.A. Board of Directors AnnouncementFebruary 19, 2026 9:26 PM
PR Newswire (US)

BOGOTA, Colombia, Feb. 19, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") informs that the board of directors, in its session held on February 18 and 19, 2026, elected Ángela María Robledo Gómez and Hildebrando Vélez Galeano as chairwoman and vice chairman of the board of directors, respectively.







The board of directors also appointed members for its supporting committees as follows:AUDIT AND RISK COMMITTEERicardo Rodríguez Yee (chairperson)Ángela María Robledo GómezLuis Felipe Henao CardonaHildebrando Vélez GaleanoBUSINESS COMMITTEERicardo Rodríguez Yee (chairperson)Alberto José Merlano AlcocerLuis Felipe Henao CardonaHildebrando Vélez GaleanoCesar Eduardo Loza ArenasCORPORATE GOVERNANCE AND SUSTAINABILITY COMMITTEELuis Felipe Henao Cardona (chairperson)Ángela María Robledo GómezAlberto José Merlano AlcocerREMUNERATION, NOMINATION, AND CULTURE COMMITTEEÁngela María Robledo Gómez (chairperson)Cesar Eduardo Loza ArenasLuis Felipe Henao CardonaCarolina Arias HurtadoJuan Gonzalo Castaño ValderramaTERRITORIAL TRANSFORMATION AND HSE COMMITTEEÁngela María Robledo Gómez (chairperson)Tatiana Roa AvendañoHildebrando Vélez GaleanoCarolina Arias HurtadoAlberto José Merlano AlcocerTECHNOLOGY AND INNOVATION COMMITTEEHildebrando Vélez Galeano (chairperson)Ricardo Rodríguez YeeTatiana Roa AvendañoJuan Gonzalo Castaño ValderramaCarolina Arias HurtadoOn behalf of the Company, we express our most sincere gratitude to Dr. Álvaro Torres Macías, who served as vice chairman of the board of directors and chair of the audit and risk committee, for his outstanding work, dedication, and commitment during his tenure on the board of directors of Ecopetrol S.A. We extend our best wishes for success in his future endeavors.Additionally, Ecopetrol welcomes the new members of the board of directors, Dr. Carolina Arias Hurtado and Drs. Juan Gonzalo Castaño Valderrama and Cesar Eduardo Loza Arenas. We extend our best wishes for a successful tenure on the board.Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Investor Relations Office
Email: investors@ecopetrol.com.co Head of Corporate Communications (Colombia) 
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co



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Original: Ecopetrol S.A. Board of Directors Announcement

Ecopetrol records 1,944 billion barrels of oil equivalent in proven reserves at the close of 2025, replacing 121% of production, with the highest contribution in the last four yearsFebruary 19, 2026 9:26 PM
PR Newswire (US)

Proven reserves totaled 300 mmboe, the highest value in the last four years.The reserves replacement ratio reached 121%, driven by the execution of recovery projects.The average reserve life stands at 7.8 years for the Ecopetrol Group.BOGOTÁ, Colombia, Feb. 19, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" and together with its subsidiaries, the "Ecopetrol Group") reported today its proven reserves of oil, condensate, and natural gas (1P reserves), including its share in proven reserves from subsidiaries, estimated based on the standards of the U.S. Securities and Exchange Commission (SEC). 99% of 1P reserves have been certified by three recognized, specialized, and independent firms: Ryder Scott Company, DeGolyer & MacNaughton, and GaffneyCline & Associates.







As of the end of 2025, Ecopetrol Group´s  proven reserves totaled 1,944 billion barrels of oil equivalent (mmboe), representing a 2.7% increase compared to the reserves at the end of 2024.Although the 2025 Brent reference price (USD 68.64/Bbl) decreased by 13.9% compared to the 2024 price (USD 79.69/Bbl)1, proven reserves contributions reached 300 mmboe and the reserves replacement ratio was 121%, demonstrating the Company's effective management in line with its long–term sustainability and resilience strategy.The reserves contributions were mainly the result of: (i) enhanced recovery projects with outstanding performance in the Castilla, Chichimene, and Akacias fields; (ii) better operational management in the Rubiales and La Cira–Infantas fields, focused on asset efficiency and value; and (iii)  contracts with the ANH2.These results represent the highest reserves replacement achieved in the last four years and reflect the capability and commitment of the Ecopetrol Group to generate value across its exploration, development, and production assets, thereby strengthening the sustainability of the Ecopetrol Group.The following table presents the consolidated balance of proven reserves (1P) for 2025, in million barrels of oil equivalent3:Concept(SEC)MMBOEProven reserves as of Dec 31, 20241,892.7Revisions*140.8Enhanced Recovery142.6Extensions and Discoveries16.1Purchases/Sales0.0Production–248.0Proven reserves as of Dec 31, 20251,944.2* "Revisions" includes additions from contracts with the ANH, contributing 100 mmboe."Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector.This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements.For more information, please contact: Investor Relations Office
Email: investors@ecopetrol.com.co  Head of Corporate Communications (Colombia) 
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co 1 Brent marker prices referenced in accordance with SEC standards for reserve purposes.
2 Contracts with the ANH enabled the allocation of crude–oil royalties amounting to 95.8 mmboe from the Castilla, Akacias, Caño Sur Este, Chichimene, Rubiales, and Yariguí–Cantagallo fields, under ANH Resolution 0977 of 2025, and 4.5 mmboe from economic rights in Tello – La Jagua.
3 Totals may not exactly equal the sum of the figures due to rounding.



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Original: Ecopetrol records 1,944 billion barrels of oil equivalent in proven reserves at the close of 2025, replacing 121% of production, with the highest contribution in the last four years

Ecopetrol announces the dates for the presentation of its fourth quarter and full-year 2025 results report and conference callFebruary 18, 2026 8:59 PM
PR Newswire (US)

BOGOTÁ, Colombia, Feb. 18, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that on Wednesday, March 4, 2026, it plans to release its financial and operating results for the fourth quarter of 2025 and for the full year, after the market closes.
On Thursday, March 5, 2026, management plans to hold a virtual conference, with simultaneous transmission in Spanish and English at the following times:Conference09:00 a.m. Colombia Time09:00 a.m. New York TimeTo participate in the conference, please use the following link and select your preferred language for the broadcast:https://xegmenta.co/ecopetrol/conferencia-de-resultados-4t-2025/Participants may ask questions via the platform once the call has begun.The earnings release, presentation, webcast, and recording of the conference call will be available on Ecopetrol's website: www.ecopetrol.com.co To ensure access, we recommend that you verify in advance that your browsers allow the webcast to operate normally and that you have the latest versions of Internet Explorer, Google Chrome, and/or Mozilla Firefox.Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector.This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements.For more information, please contact: Investor Relations Office
Email: investors@ecopetrol.com.co  Head of Corporate Communications (Colombia) 
Marcela Ulloa 
Email: marcela.ulloa@ecopetrol.com.co 



View original content:https://www.prnewswire.com/news-releases/ecopetrol-announces-the-dates-for-the-presentation-of-its-fourth-quarter-and-full-year-2025-results-report-and-conference-call-302692159.htmlSOURCE Ecopetrol S.A.

Original: Ecopetrol announces the dates for the presentation of its fourth quarter and full-year 2025 results report and conference call

Resolutions Adopted by the Extraordinary Shareholders' Meeting of February 5th 2026February 5, 2026 5:52 PM
PR Newswire (US)

BOGOTA, Colombia, Feb. 5, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces that, during the Extraordinary Shareholders' Meeting held on February 5, 2026, at 8:40 a.m., duly convened in accordance with the legal and statutory requirements applicable to the Company, the shareholders approved the election of the members of Ecopetrol's Board of Directors for the remainder of the 2025–2029 term, pursuant to Article 187, paragraph 4, of the Colombian Commercial Code. The shareholders also addressed the remaining items on the agenda, as detailed below:







i.  Approval of the AgendaThe agenda proposed for the meeting was approved.ii.  Appointment of the Chair of the General Shareholders' AssemblyGermán Ávila, Minister of Finance and Public Credit, was appointed as Chair of the Assembly.iii.  Appointment of the Elections and Vote Counting Committee of the General Shareholders' AssemblyThe Elections and Vote Counting Committee proposed by shareholder Carolina María Zarama was appointed.iv.  Appointment of the Minutes Review and Approval Committee of the General Shareholders' AssemblyThe Minutes Review and Approval Committee proposed by shareholder Amparo del Pilar González was appointed.v.  Election of the Members of Ecopetrol's Board of Directors for the Remainder of the 2025–2029 TermThe members of the Board of Directors elected by the shareholders for the 2025–2029 term are the following:Slate SeatNameStatusFirstÁngela María Robledo GómezIndependentSecond Carolina Arias HurtadoIndependentThirdJuan Gonzalo Castaño ValderramaNot independentFourth Hildebrando Vélez GaleanoIndependentFifhtLilia Tatiana Roa AvendañoNot independentSixthAlberto José Merlano AlcocerNot independentSeventhCésar Eduardo Loza ArenasNot independentEightRicardo Rodriguez YeeIndependentNinethLuis Felipe Henao CardonaIndependentShareholders cast their votes on each item on the agenda as follows:Matter Submitted to the Consideration of the General Shareholders' AssemblyAffirmative VoteNegative Vote Null VoteAbstentionApproval of the agenda99.96954947 %0.00007876 %0.0000025 %0.03036927 %Appointment of the Chair of the General Shareholders' Assembly99.96949216 %0.00013608 %0.0000025 %0.03036927 %Appointment of the Elections and Vote Counting Committee99.96946845 %0.00013603 %0.00002624 %0.03036927 %Appointment of the Minutes Review and Approval Committee99.94844289 %0.00013608 %0.00002624 %0.05139479 %Election of the members of the Board of Directors for the remainder of the 2025–2029 term95.17949026 %4.81940727 %0.00000664 %0.00109583 %------------------------------------- Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Investor Relations Office 
Email: investors@ecopetrol.com.co  Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co 



View original content to download multimedia:https://www.prnewswire.com/news-releases/resolutions-adopted-by-the-extraordinary-shareholders-meeting-of-february-5th-2026-302680795.htmlSOURCE Ecopetrol S.A.

Original: Resolutions Adopted by the Extraordinary Shareholders' Meeting of February 5th 2026

Ecopetrol S.A. submitted the Corporate Governance Best Practices Implementation Report - Código País for 2025January 30, 2026 6:11 PM
PR Newswire (US)

BOGOTA, Colombia, Jan. 30, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol") announces that it submitted its Corporate Governance Best Practices Implementation Report – Código País (the "Report")  to the Financial Superintendence of Colombia  today. The report outlines the corporate governance practices adopted and implemented by Ecopetrol during 2025. The Report was digitally signed by Ecopetrol's legal representative.







For further information, please access the report at the following link:
https://www.ecopetrol.com.co/wps/portal/Home/es/ResponsabilidadEtiqueta/Gobernabilidad/ResCorpMediciones/You may also access the report on the website of the Financial Superintendence of Colombia at the following link:https://www.superfinanciera.gov.co/publicacion/10085968. Access path: Generate Report File / 2025 / Public Entities / Ecopetrol S.A.Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Investor Relations Department
Email: investors@ecopetrol.com.co Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co 



View original content to download multimedia:https://www.prnewswire.com/news-releases/ecopetrol-sa-submitted-the-corporate-governance-best-practices-implementation-report--codigo-pais-for-2025-302675476.htmlSOURCE Ecopetrol S.A.

Original: Ecopetrol S.A. submitted the Corporate Governance Best Practices Implementation Report - Código País for 2025

Ecopetrol Announces Minority Shareholders' Nominee to the Board of Directors on Slate Proposed by Government of ColombiaJanuary 30, 2026 11:45 AM
PR Newswire (US)

BOGOTA, Colombia, Jan. 30, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that the minority shareholders have once again nominated Mr. Luis Felipe Henao Cardona as their candidate to the Board of Directors. The minority shareholders' nominee will be submitted for election by the shareholders as the ninth director on the slate of nominees proposed by the Government of Colombia.







Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: 
Investor Relations Department
Email: investors@ecopetrol.com.co Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co 



View original content to download multimedia:https://www.prnewswire.com/news-releases/ecopetrol-announces-minority-shareholders-nominee-to-the-board-of-directors-on-slate-proposed-by-government-of-colombia-302675217.htmlSOURCE Ecopetrol S.A.

Original: Ecopetrol Announces Minority Shareholders' Nominee to the Board of Directors on Slate Proposed by Government of Colombia

Ecopetrol (NYSE: EC), Colombia's state-controlled oil company, maintains low production costs per barrel, with lifting costs reported below $12 per barrel in H1 2025 through operational efficiencies. The company targets sustaining these levels into year-end and beyond, supported by measures in its Profitability and Efficiency Program.?Lifting costs represent direct production expenses like extraction and basic operations, excluding refining or transportation. Ecopetrol's full all-in sustaining costs remain competitive, with break-even oil prices historically around $36 per barrel in prior analyses, though current metrics emphasize the sub-$12 lifting target.?These low costs provide resilience amid volatile Brent prices (projected at $73/bbl for 2025 scenarios), enabling profitability even if oil dips. Permian Basin expansions further bolster output at efficient rates.

9.84

News: $EC Ecopetrol Adopts Measures to Guarantee the Adequate Representation of Shareholders at the 2019 Extraordinary General Shareholders' Meeting

BOGOTA, Colombia , Nov. 28, 2019 /PRNewswire/ -- In accordance to Colombian Corporate Law and Securities Regulations concerning illegal, unauthorized and unsafe practices by the issuers of securities, the Board of Directors of Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or...

In case you are interested EC - Ecopetrol Adopts Measures to Guarantee the Adequate Representation of Shareholders at the 2019 Extraordinary General Shareholders' Meeting

News: $EC Distribution of Occasional Reserve to be submitted for consideration of the General Shareholders' Meeting of Ecopetrol S.A.

BOGOTA, Colombia , Nov. 28, 2019 /PRNewswire/ -- In connection with the convening of an Extraordinary Shareholders' Meeting of Ecopetrol S.A.'S shareholders, requested by the majority shareholder (the Ministry of Finance and Public Credit of Colombia ), for the purpose of (i) submit...

In case you are interested EC - Distribution of Occasional Reserve to be submitted for consideration of the General Shareholders' Meeting of Ecopetrol S.A.

News: $EC Extraordinary General Shareholders' Meeting of Ecopetrol S.A.

BOGOTA, Colombia , Nov. 28, 2019 /PRNewswire/ -- The Chief Executive Officer of Ecopetrol S.A. invites the Shareholders of the Company  to attend the Extraordinary General Shareholders' Meeting to be held on Monday, December 16, 2019 , starting at 7:30 a.m. , at the Auditorium of t...

Got this from EC - Extraordinary General Shareholders' Meeting of Ecopetrol S.A.

News: $EC Fitch Ratings Revises Ecopetrol S.A.´s Outlook in Line with the Action Taken on the Colombia´s Sovereign Rating Outlook

Fitch Ratings Revises Ecopetrol S.A.´s Outlook in Line with the Action Taken on the Colombia´s Sovereign Rating Outlook Canada NewsWire BOGOTA, Colombia, May 27, 2019 BOGOTA, Colombia , May 27, 2019 /CNW/ -- Ecopetrol (BVC: ECOPETROL, NYSE: EC) reports that, Fit...

In case you are interested https://marketwirenews.com/news-releases/fitch-ratings-revises-ecopetrol-s-a-xb4-s-outlook-in-line-with-the-action-taken-on-the-colombia-xb4-s-sovereign-rating-outlook-8251334.html

The chart looks it's ready to tumble
https://finviz.com/quote.ashx?t=ec&ty=c&ta=1&p=d

Short it a day before ex dividend date will make you a big chuck

Price target is $13, stock is 60% above price target. The only good thing is the dividend

Insider ownership is 0%, institutional ownership is 2.28%. Great stock to short

Ecopetrol +6% after strong Q1

The company reported Q1 net income of COP886B, well more than double that of a year ago. EBITDA of COP5.81T topped estimates for COP4.76T.

At work, of course, were higher oil and gas prices even as oil output slipped 3.3% thanks to attacks on fields. There was also the Cano Limon pipeline, which was out of operation for 47 days during Q1. Sales of COP 13.4T were shy of estimates for COP13.7T.

EC +6%

Ecopetrol, Anadarko discover gas in deepwater Caribbean

Ecopetrol (EC +1.7%) says it has discovered gas at an exploratory well it shares with Anadarko Petroleum (APC -9.3%) in the deepwater Caribbean Sea.

EC says the set of gas fields in the area opens the possibility for Colombia to develop a cluster specialized in gas production, which would allow sharing of facilities and improve efficiency.

Ecopetrol restarts Cano-Limon oil pipeline after attacks
Colombia's Ecopetrol (EC +0.6%) says it has restarted the country's second largest oil pipeline, the Cano-Limon Covenas, after a series of bomb attacks by rebels halted movement of crude for seven weeks.
The reopening of the pipeline should soon permit production to resume at the Cano Limon and Caricare fields, operated by Occidental Petroleum (OXY +0.2%), which suspended production there early last month because of the attacks.
EC said last month that attacks on the pipeline had cost Colombia 893K barrels of oil production so far this year.

Colombia's Ecopetrol says rebel attacks cut production by 893K barrels
Colombia's state oil company Ecopetrol (NYSE:EC) has lost 893K barrels of oil production, more than a day's worth of total national output, this year due to rebel attacks on the Cano Limon-Covenas pipeline.
Crude oil production at the Cano Limon field, operated by Occidental Petroleum (NYSE:OXY), has been suspended since March 6 because of escalating rebel attacks on the Cano Limon-Covenas pipeline.
The pipeline transports crude from the fields in Arauca province, near the border with Venezuela, to a port in the Caribbean Sea for export, and produces ~52K bbl/day.

Rating Action: Moody's affirms Ecopetrol's ratings and assigns Baa2 rating to its proposed notes




Global Credit Research - 23 Jun 2015







New York, June 23, 2015 -- Moody's Investors Service today affirmed Ecopetrol S.A. (Ecopetrol)'s Baa2 ratings and assigned a Baa2 rating to the company's up to USD1.5 billion in proposed notes due 2026. The proposed securities are senior unsecured and pari passu with Ecopetrol's other senior foreign currency debt, which is also rated Baa2. Proceeds from the notes issuance will be used primarily to fund capital expenditures. The rating outlook is stable.



RATINGS RATIONALE



"The rating affirmation was based on Ecopetrol's solid business strategy, now focused on expanding exploration activities to increase reserves as well as on improving production recovery and operating efficiencies across the board, which will help the company protect its credit quality through the current cycle of lower oil prices", said Nymia Almeida, a Vice president - Sr. Credit Officer at Moody's. The ratings affirmation also considered Ecopetrol's status as Colombia's leading oil and gas producer, accounting for about two-thirds of the country's production, and the size of its operations, which benefits from having valuable assets that can be relatively easily monetized. A baseline credit assessment (BCA) of baa3 underlies the company's Baa2 issuer rating, which derives one notch of uplift under Moody's joint-default analysis, based on a high level of government support and moderate default correlation.



Leverage will increase in 2015 but is manageable based on the company's declining production costs, operating efficiency programs and previously moderate financial leverage for its rating category. Moody's expects that Ecopetrol's leverage will peak during 2015 but will decline starting in 2016 as oil prices and production gradually increase and costs and expenses decline further. Moody's also expects that, during the current period of lower operating cash flows, the government take as a percentage of net income will remain below the usual 80%; the rating agency notes that the dividend payout ratio in 2014 (paid in 2015) was 70%.



Ecopetrol's capex program of USD7.9 billion in 2015, relatively stable from 2014, is focused on exploration and production in over 59% of total. Exploration capex alone should increase from USD600 million in 2015 to an average of over USD1 billion in the next three years, with the goal of sustaining replacement ratio at 100%, at least. Lower annual capex starting in 2016 will be driven by lower capex in downstream, which will decline materially from USD1.5 billion annually in the last several years to an immaterial amount after the upgrade of refinery Reficar is completed, at the end of 2015. Moody's expects Ecopetrol's daily oil and gas production, which was 755 mboed in 2014, to increase at mid-single rates annually in the next couple of years.



Ecopetrol's rating stable outlook incorporates higher financial leverage in 2015 given weaker internally generated cash flow, caused by lower oil prices, and lower production than originally planned. In addition, the company has traditionally paid a high statutory dividend, which competes with funds needed for reinvestment. However, Moody's expects that ongoing cost controls and operating efficiencies as well as lower dividend payout ratio, at least related to fiscal year 2015 and 2016, will support free cash flow. In addition, although the government's stake in Ecopetrol cannot fall below 80%, the company can still issue an additional 8.5% of equity for financing, if necessary, although not envisioned at this point by the company.



An upgrade is unlikely in the near term given Ecopetrol's weakened credit metrics. Longer term, its BCA and ratings could be upgraded if it strengthens its balance sheet and reduces financial leverage to around 1 time gross debt to EBITDA. Conversely, ratings could be pressured downwards if production growth is significantly underperforms or if the company's debt increases materially beyond expectations or if the company fails to maintain Retained Cash Flow/Net Debt above 20% on a sustainable basis beyond 2015. The ratings could also be pressured if we viewed government support as likely to weaken. Actual rating outcomes in the future would take into account sovereign rating considerations, such as country rating and ceilings or support and dependence assumptions between the company and the government of Colombia, among other factors.



The principal methodology used in these ratings was Global Integrated Oil & Gas Industry published in April 2014. Other methodologies used include the Government-Related Issuers methodology published in October 2014. Please see the Credit Policy page on www.moodys.com for a copy of these methodologies.



Ecopetrol S.A. is headquartered in Bogota, Colombia. For the twelve months ended January 31, 2015, the company generated revenues of USD38.4 billion and in March 31, 2015 it had total assets of USD52.3 billion.

16

EC clearly a buy at these prices


Oil is about as cyclical as you get; give this puppy 6 months - it'll be $65 pps by Christmas

GLTAL

EC

3.20 div payable on Apr 23, 2013

Current pps: 53.96

4-4-2013

Dividend History

Year Declaration Date Ex-Div Date Record Date Payable Date Div $ Amount

2013 N/A Apr 09, 2013 Apr 11, 2013 Apr 23, 2013 2.8091
2013 N/A Apr 09, 2013 Apr 11, 2013 Apr 23, 2013 0.3966
2013 Total: 3.2057
__________________________

2012 N/A Apr 19, 2012 Apr 23, 2012 May 03, 2012 2.9230
2012 N/A Apr 19, 2012 Apr 23, 2012 May 03, 2012 0.4140
2012 Total: 3.3370
_________________________

2011 N/A Oct 07, 2011 Oct 12, 2011 Nov 02, 2011 0.5020
2011 N/A Jul 08, 2011 Jul 12, 2011 Aug 02, 2011 0.5376
2011 N/A Apr 07, 2011 Apr 11, 2011 May 03, 2011 0.5400
2011 Total: 1.5796
_________________________

2010 N/A Nov 30, 2010 Dec 02, 2010 Dec 23, 2010 0.3043
2010 N/A Aug 10, 2010 Aug 12, 2010 Sep 03, 2010 0.3227
2010 N/A Apr 12, 2010 Apr 14, 2010 May 04, 2010 0.3074
2010 Total: 0.9344
_________________________

2009 N/A Nov 30, 2009 Dec 02, 2009 Dec 24, 2009 0.3669
2009 N/A Nov 30, 2009 Dec 02, 2009 Dec 24, 2009 0.3410
2009 N/A Aug 12, 2009 Aug 14, 2009 Sep 03, 2009 0.3598
2009 N/A Aug 12, 2009 Aug 14, 2009 Sep 03, 2009 0.3346
2009 N/A Apr 13, 2009 Apr 15, 2009 May 11, 2009 0.3340
2009 N/A Apr 13, 2009 Apr 15, 2009 May 11, 2009 0.3111
2009 Total: 2.0474
_________________________

2008 N/A Nov 28, 2008 Dec 02, 2008 Dec 30, 2008 0.2473
2008 N/A Oct 10, 2008 Oct 15, 2008 Nov 11, 2008 0.2321
2008 Total: 0.4794


http://www.dividendinvestor.com/historical.php?no=10318

Ecopetrol Announces Hydrocarbons Discovery in Colombia

- The Venus-2 well was drilled on block CPO-11, which is 100% owned by Ecopetrol.
- The well produced crude oil of 17° API with a water cut of 39%.

Press Release: Ecopetrol S.A. – Tue, Apr 2, 2013 5:52 PM EDT.. .

http://finance.yahoo.com/news/ecopetrol-announces-hydrocarbons-discovery-colombia-215200821.html



BOGOTA, Colombia, April 2, 2013 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) reports that it has proven the presence of crude oil at Venus-2, an exploratory well located within the municipality of San Martin, Meta province.


The Venus-2 well is part of the CPO-11 block, governed by the Exploration and Production Agreement of December of 2008, between Ecopetrol and the National Hydrocarbons Agency. Ecopetrol holds a 100% interest in this block.

Initial tests carried out using an electro-submersible artificial lift, yielded an average crude oil production of 630 barrels of oil per day (BOD) of 17o API and a water cut of 39%. Ecopetrol plans to continue its exploratory activities on block CPO-11 in the coming weeks.