United States

Ecopetrol SA (EC)

EC on New York Consolidated

18 Oct 2017
Change (% chg)

-- (--)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Latest Key Developments (Source: Significant Developments)

Ecopetrol Business Group presents Q2 and first half 2017 results
Tuesday, 8 Aug 2017 09:07pm EDT 

Aug 9 (Reuters) - Ecopetrol Sa -:Ecopetrol Business Group presents its second quarter and first half 2017 results.Says net income for first semester of 2017 was cop 2.2 trillion, almost double than in same period of last year.Qtrly sales cop 13.15 trillion versus cop 11.75 trillion.Qtrly net income attributable to owners of ecopetrol cop 1,305 billion versus cop 787 billion.  Full Article

Ecopetrol announces non-filing of annual report on form 20-f for year-end 2016
Wednesday, 17 May 2017 01:37am EDT 

May 17 (Reuters) - Ecopetrol Sa :Ecopetrol announces non-filing of its annual report on form 20-f for year ended December 31, 2016.Does not anticipate any changes from results reported in its 2016 earnings release published on march 6, 2017.Audit committee of board retained u.s.-based outside law firm to commence third-party investigation.Ecopetrol says the company and Reficar have cooperated closely and extensively with control entities in furthering their investigations.ICC proceeding is currently in its preliminary stage and is scheduled for a hearing in October 2018..No current executives of Ecopetrol, Reficar or members of board are included in prosecutor's office press release.  Full Article

Ecopetrol Q1 total sales COP 13.37 tln vs. COP 10.49 tln
Friday, 12 May 2017 02:17am EDT 

May 12 (Reuters) - Ecopetrol Sa :Q1 total sales 13.37 trillion COP versus 10.49 trillion COP .Group's net income in Q1 was COP 886 billion, which represents an increase of 144% versus same quarter of 2016.Qtrly average production was 712 thousand barrels of oil equivalent per day.Ecopetrol - successful exploratory wells Gorgon-1, Purple Angel -plus Kronos (2015)- in Colombian Caribbean Offshore suggest new gas province in zone.Structural savings during quarter totaled COP 150 billion.  Full Article

Ecopetrol announces oil discovery at Santander
Thursday, 30 Mar 2017 09:59am EDT 

Ecopetrol SA : Ecopetrol announces oil discovery at Santander . Finding occurred at Boranda-1 well, at a depth of 3.6 kilometers . Region shows oil sands with a total thickness of 40 meters . Potential of mature basins in Colombia has been confirmed .For 2017, Ecopetrol has an exploration budget of us$652 million, with which it will drill 17 wells directly and with partners.  Full Article

Ecopetrol updates its 2020 business plan
Friday, 30 Sep 2016 12:26am EDT 

Ecopetrol Sa : By 2020, at an average price of $50 USD/BL, estimated production would reach 760 mboed, equivalent to a 6% growth vis a vis 2016 . As for exploration, at least, 1.000 million barrels of contingent resources are expected by 2020 . New 2020 plan of Ecopetrol Group modifies plan presented in May 2015 . Plan contemplates a cash surplus of more than $4.800 million, a dividend distribution policy of about 40% .Plan contemplates proceeds in a range of USD 700 million to USD 1.000 million from asset divestments.  Full Article

Ecopetrol SA files for potential mixed shelf offering
Tuesday, 9 Aug 2016 06:34am EDT 

Ecopetrol Sa : Files for potential mixed shelf offering size not disclosed - SEC filing Source: http://bit.ly/2bg5Ubu Further company coverage: [ECO.CN] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Ecopetrol says minority shareholders nominated Juan José Echavarría Soto to board
Thursday, 4 Aug 2016 06:01pm EDT 

Ecopetrol Sa : Minority shareholders have nominated Juan José Echavarría Soto as an independent member of board of directors of company .Ecopetrol discloses minority shareholders' agreement.  Full Article

Ecopetrol creates new units in Colombia, Peru
Monday, 11 Jul 2016 11:15am EDT 

Ecopetrol SA : Said on Saturday creates three new units that will form part of Ecopetrol group and will contribute to 2020 strategic plans . To create a Colombian company, 100 percent indirectly owned by Ecopetrol through Propilco SA, to which Ecopetrol will transfer its indirect stakes in Comai Ltda and Sociedad Portuaria de Oleofinas y Derivados . To create a company based in Peru, 100 percent indirectly owned by Ecopetrol, dependent directly on Propilco and aimed at Peruvian market . To create a Colombian company, 100 percent owned directly by Ecopetrol, in order to bring the share of 43.35 percent and litigious rights possessed by Ecopetrol in Sociedad en Inversiones de Gases de Colombia .Says litigious rights are from an ordinary process underway in the civil chamber of the supreme court in which Ecopetrol is acting as plaintiff.  Full Article

Moody's says credit quality to remain weak for LatAm national oil companies
Monday, 13 Jun 2016 11:37am EDT 

Moody's: Moody's: credit quality to remain weak for Latin American national oil companies . Credit quality to remain weak for Latin American national oil companies through at least mid-2017, as they are hampered by weak liquidity . Asset sales, reduced operating spending through mid-2017 will lead to execution risks .Since no Latin American NOC has enough cash to cover negative free cash flow in the next few years, credit metrics will worsen for all.  Full Article

Ecopetrol sells shares of Empresa Energia de Bogota for COP 347.8 bln
Friday, 3 Jun 2016 09:44am EDT 

Ecopetrol SA : Said on Thursday, on June 1 Ecopetrol sold 191.6 million shares of Empresa Energia de Bogota for 347.83 billion Colombian pesos ($114.87 million), that is at 1.815 pesos per share .The offer was placed for 278.2 million shares and 86.6 million shares have not been sold yet.  Full Article


Oil cargoes shift away Venezuela as hurricanes extend disruptions

Shippers are sending oil cargoes originally bound for Venezuela to other spots in Latin America and the Caribbean, in advance of coming hurricanes that threaten to further disrupt oil flows in the region, according to traders and Reuters data.