A new year and we thought we should do an update / upgrade to our index of Colombia-focused publicly listed oil and gas companies.
Colombia’s dollar has weakened to around CoP$3,650, its lowest level since President Gustavo Petro took office, but market analysts warn the exchange rate is artificial and disconnected from economic fundamentals.
Ecopetrol called an extraordinary shareholders assembly for February 5, 2026 at 8:00 AM to elect nine board members for terms extending through 2029, following the departures of Mónica de Greiff and Guillermo García Realpe. The completed slate features historic worker representation alongside technical expertise spanning the energy sector.
Chevron announced plans to invest over US$20M during the next five years to improve operational capacity and guarantee fuel supply in Colombia, following its 2020 exit from natural gas exploration and production to focus on becoming a leading fuel and lubricant provider.
Drummond Company announced that on January 15, 2026, a jury in the U.S. District Court for the Northern District of Alabama returned verdicts against attorney Terrence P. Collingsworth and his organization International Rights Advocates (IRAdvocates) on all counts in defamation and racketeering lawsuits. The plaintiff had accused the company of supporting armed groups in Colombia.
Gasoline prices vary dramatically across Latin America, with the global average at US$1.28 per liter, according to Global Petrol Prices data for early 2026.
Colombia’s vehicular natural gas prices increased 80% between 2022 and 2026, rising from approximately CoP$1,930 per cubic meter to nearly CoP$3,490, with annual average increases of 18% confirming a sustained upward trend at service stations.
A new GAD3 poll revealed by Noticias RCN shows Iván Cepeda (Pacto Histórico) leading Colombia’s presidential race with 30% voter intention, followed by Abelardo de la Espriella (Defensores de la Patria) at 22%, and Paloma Valencia (Centro Democrático) at 3%. The survey of 1,207 respondents carries a 2.83% margin of error.
César Eduardo Loza was elected as Ecopetrol’s eighth board member, marking the first time in the state oil company’s 74-year history that a worker representative will participate in strategic decision-making.
Costa Rica, Uruguay, and Chile continue leading Latin America with the highest hourly labor costs based on 2026 minimum wage rates. The analysis assumes a standard workday of 8 hours daily and 22 working days monthly, though this may differ from legal calculations in each country.
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