BOGOTA, Colombia, Sept. 3, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces that the Board of Directors made the following appointments on August 30, 2024: David Alfredo Riaño Alarcón, Executive Vice President of Energy Transition, as legal and alternate commercial representative. Camilo Barco Muñoz, Corporate Vice President of Finance and Sustainable Value, as alternate legal and commercial representative. Cristina Toro Restrepo, Corporate Legal Vice P ...

BOGOTA, Colombia, Aug. 21, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces that the Ministry of Finance and Public Credit ("MHCP") has authorized Ecopetrol to execute a loan agreement for up to two-hundred fifty million dollars through Resolution 2476 dated August 20, 2024. The loan is expected to be executed by and between the Company, as borrower, and Sumitomo Mitsui Banking Corporation, as lender. The term of the loan is expected to be five years, w ...

Ecopetrol S.A. (NYSE:EC) Q2 2024 Earnings Conference Call August 14, 2024 10:00 AM ET Company Participants Ricardo Roa - Chief Executive Officer Rafael Guzman - Acting Executive Vice President, Hydrocarbons David Riano - Executive Vice President, Transition Energy Javier Cardenas - Acting Chief Financial Officer Nicolas Azcuenaga - Vice President, Strategies Walter Canova - Vice President, Refining and Industrial Processes Alexander Cadena Motezuma - President, Cenit Felipe Trujillo Lopez - Commercial and M ...

Ecopetrol SA (EC) is set to report second-quarter 2024 earnings on Aug 13, after the closing bell. In the last reported quarter, the company's earnings of 50 cents per share missed the Zacks Consensus Estimate of 59 cents. EC's earnings beat the Zacks Consensus Estimate in one of the trailing four quarters and missed the same twice, delivering an average negative surprise of 3.58%. This is depicted in the graph below. Estimate Trend The Zacks Consensus Estimate for second-quarter earnings per share of 59 ce ...

BOGOTA, Colombia, Aug. 7, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that, as part of its comprehensive debt management strategy, it will redeem U.S.$250 million of its 5.375% Notes due 2026 (the "Notes") (CUSIP: 279158 AL3 / ISIN: US279158AL39). The outstanding balance of the Notes is U.S.$1.5 billion as of the date hereof. The redemption date of the bonds will take place on September 5, 2024 (the "Redemption Date") at a redemption price equal to, approximately, U.S.$1,014.95 ...

The rating agency highlighted Ecopetrol's solid financial profile, the strategic importance of the Company for Colombia, stable operating metrics, as well as the available cash and continued access to capital markets. On the other hand, according to the agency's estimates, the potential acquisition of assets in the Permian Basin is not expected to significantly affect the Company's credit profile. Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American co ...

BOGOTA, Colombia, July 30, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that after market close on Tuesday, August 13, 2024, it plans to release its financial and operating results for the second quarter of 2024. Conference Call 09:00 a.m. Col Time 10:00 a.m. NY Time Once you receive the invitation, you will find the link for the Spanish webcast and the link for the English webcast. The earnings release, slide presentation, live webcast and recording of the conference call will b ...

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Earnings Estimate Revisions Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair ...

Ecopetrol plans to report on the outcome of the negotiations. For more information, please contact: BOGOTÁ, Colombia, July 19, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that it is engaged in conversations with Occidental Petroleum Corp. (OXY) oriented to consider the potential acquisition by Ecopetrol of a certain percentage of assets owned by CrownRock, a company located in the United States. The percentage of the assets and the price that Ecopetrol would pay are under analysis ...

Company Overview Ecopetrol strategy 2040 I also found this article from 2022, in which the company talks about 900 MW by 2025. So, it appears that the plans were scaled back. Is this all just greenwashing by a company that actually makes its money from oil and gas and intends to continue doing so? Perhaps. If it were, then most investors would probably be okay with it because oil and gas are the cash cows, and investing in renewables is often seen as a significant cost that potentially won't pay off for man ...