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Eye on Ecopetrol

Now its Downstream’s fault…

Now its Downstream’s fault…

The headlines scream “Ecopetrol Net Income falls 29%!” with a picture of Ricardo Roa looking forlorn (as he often does these days). The text alludes to Roa’s (many) legal issues caused by his responsibility for Gustavo Petro’s presidential election campaign, trying to tie these somehow to the NOC’s falling performance. As always, the reality is considerably different – and more complex than what you read in the popular press although they sometimes get it right. Roa’s leadership and tenure remain controversial.

Monday, May 13th, 2024
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Ecopetrol’s transition plan

Ecopetrol (NYSE: EC) unveiled its ambitious transition plan towards a more sustainable energy future, signaling its commitment to lead the charge in energy diversification across the Americas.

Thursday, May 9th, 2024
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ECP’s 1Q24 results

ECP’s 1Q24 results

Ecopetrol (NYSE: EC) announced its first quarter 2024 results, with a continued decrease in key metrics.

Wednesday, May 8th, 2024
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Ecopetrol explores purchasing Canacol’s assets

Colombian oil company Ecopetrol (NYSE: EC) announced that it is evaluating the possibility of purchasing some of the assets of Canadian company Canacol Energy (TSX: CNE).

Wednesday, May 8th, 2024
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Petro urges Ecopetrol cooperation

President Gustavo Petro issued a request to Ecopetrol (NYSE: EC) following the demand from the Special Jurisdiction for Peace (JEP) for the NOC to provide information about potential links to paramilitarism.

Tuesday, May 7th, 2024
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Technical void at ECP?

Ecopetrol (NYSE: EC) shuffled its top management last week with six new appointments, but the reasons for the departure of the Executive Vice President of Operations, Alberto Enrique Consuegra, with 30 years of experience in the energy sector and seven at the Ecopetrol Group, remained unclear.

Thursday, May 2nd, 2024
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Ecopetrol’s job generation

Ecopetrol’s job generation

In the first quarter of 2024, companies within the Ecopetrol Group generated 73,378 jobs through contractor firms supporting their projects and operations across various regions of Colombia.

Tuesday, April 30th, 2024
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Unhappy ECP minority shareholders

A significant number of minority shareholders of Ecopetrol (NYSE: EC) announced the establishment of the ‘Friends of Ecopetrol’ association.

Tuesday, April 30th, 2024
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High-level management changes at ECP

Ecopetrol (NYSE: EC) announces departure of its Executive Vice President and other high-level management changes.

Monday, April 29th, 2024
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Roa’s Future at Ecopetrol

During a political oversight debate in the Fifth Committee of the Chamber, the president of Ecopetrol Ricardo Roa addressed numerous questions from lawmakers.

Wednesday, April 24th, 2024
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