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Eye on Ecopetrol

US law firms investigate ECP

In the US, four law firms have launched investigations into Ecopetrol (NYSE: EC) to determine whether the company or any of its executives violated US securities laws or engaged in improper business practices.

Tuesday, June 11th, 2024
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More changes at Ecopetrol

Ecopetrol (NYSE: EC) is undergoing significant leadership changes within its subsidiaries.

Monday, June 10th, 2024
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Ecopetrol worker representation sought

Edwin Palma, the current Vice Minister of Labor Relations and Inspection at the Ministry of Labor (MinTrabajo) and a member of Ecopetrol’s Board of Directors, called for a significant revision of the company’s statutes.

Thursday, June 6th, 2024
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Moody’s downgrades Ecopetrol’s rating

Moody’s Investors Service downgraded the global credit rating of Colombia’s state-owned oil company, Ecopetrol (NYSE: EC).

Wednesday, May 29th, 2024
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ECP to sell Permian project?

Ricardo Roa Barragán, President of Ecopetrol (NYSE: EC), shared insights on the potential future of the company’s operations in the Permian Basin, Texas, where it produces oil and gas through fracking.

Tuesday, May 28th, 2024
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Plastic recycling plan

Esenttia, a subsidiary of the Ecopetrol Group, inaugurated its first plastic resin recycling plant in Tocancipá, Cundinamarca.

 

Thursday, May 23rd, 2024
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Former Ecopetrol CEOs reject Petro’s accusations

In a letter addressed to President Gustavo Petro, former presidents of Ecopetrol (NYSE: EC), responded to accusations regarding the financing of paramilitarism and politics through the company.

Thursday, May 16th, 2024
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Venezuelan gas import: an update

Ecopetrol (NYSE: EC) made a move in its quest to address the country’s impending natural gas supply shortfall by seeking an exemption from the US.

Tuesday, May 14th, 2024
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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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