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Ecopetrol (NYSE: EC) has become a driving force for regional development through its focus on sustainability and social responsibility.

Ecopetrol (NYSE: EC) is heading into 2024 under immense pressure.

The press has been chattering about Ecopetrol’s stock price for most of the third quarter. The ADRs were US$12.67 on June 24^th (the last ex-dividend date) and closed last Friday at US$8.74 down 31%. The Colombian government, Ecopetrol’s 88% owner, seems unconcerned.

Despite the recent discovery of significant natural gas reserves off the Colombian Caribbean coast, Ecopetrol’s (NYSE: EC) president, Ricardo Roa, announced that Colombia will need to continue importing gas for at least five more years.

President Gustavo Petro delivered a message to Ecopetrol (NYSE: EC).

Ecopetrol (NYSE: EC), through its subsidiary Cenit, reached an agreement with Promigas to evaluate a new connection between the gas markets of Colombia’s coast and interior.

Ecopetrol (NYSE: EC) announced a significant new step in its offshore gas exploration efforts with the launch of the “Papayuela” well, located in the Gua-Off-0 block (previously known as Tayrona) in Colombia’s Caribbean region.

Minority shareholders of Ecopetrol (NYSE: EC), including pension funds, are calling for an extraordinary meeting to elect a new representative to the company’s Board of Directors.

Ecopetrol (NYSE: EC) urged the government to take necessary measures to secure the supply of natural gas for 2025 and 2026.

Ecopetrol (NYSE: EC) is making strides towards securing the natural gas supply for over 36 million Colombians as part of its 2024-2034 strategic plan.