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Ecopetrol (NYSE: EC) reported a CoP$10T increase in its debt over the past year, driven entirely by the depreciation of the Colombian peso.

Global banking giant Citi has weighed in on the recent downturn in Ecopetrol’s (NYSE: EC) share price and earnings, following the Colombian oil company’s first-quarter results, an ongoing tax dispute with the national tax authority (DIAN), and growing concerns over declining global crude prices.

After nearly a decade of litigation, Colombia’s State Council has upheld a ruling that clears state-run oil company Ecopetrol of liability in a US$210M lawsuit filed by foreign firm Worldwide Energy Investment (WEI).

Ecopetrol (NYSE: EC) has once again postponed the drilling of its ultra-deepwater Komodo well in the Caribbean Sea, citing ongoing restrictions from the National Environmental Licensing Agency (ANLA) that continue to make the project unviable.

Venezuelan state oil company PDVSA announced its intention to begin transporting natural gas to Colombia through the Transcaribeño Antonio Ricaurte pipeline starting December 1, 2025. However, Colombia’s government, under President Gustavo Petro, has denied any involvement in or coordination with the operation.

Ecopetrol (NYSE: EC) President Ricardo Roa Barragán firmly denied rumors that he has resigned from the top post at Colombia’s largest state-owned oil company.

Another fall in Ecopetrol’s earnings, more handwringing and more questions about the Petro government’s handling of the country’s most important economic asset. This time, someone even tried floating a rumor that CEO Ricardo Roa would step down after the board meeting.

Ecopetrol (NYSE: EC) announced its first quarter 2025 results, with yet another decrease in key metrics.

This week a “potpourri” of varied, vaguely related small notes that, together, turn into a commentary on the state of the Colombian hydrocarbons industry.

In a statement that no doubt drove the stock price down even further, President Gustavo Petro announced that Colombia’s state oil company, Ecopetrol, is at risk of collapse.