Ecopetrol S.A. (NYSE: EC) announced that the Board of Directors, in its meeting of March 24th, 2023, appointed an Acting CEO to replace Felipe Bayón while a permanent successor is selected.
The Minister of Finance (MinHacienda), José Antonio Ocampo, responded to recent statements made by Ecopetrol (NYSE: EC) President Felipe Bayón.
Ecopetrol (NYSE: EC) and its subsidiary Cenit denounced a new attack against oil infrastructure.
Ecopetrol’s (NYSE: EC) Felipe Bayón issued warnings about the company and the energy transition.
This week, a two-part “What We Think”. Firstly, Campetrol’s Nelson Castañeda spoke to the national press, naturally about rigs, saying the February 2023 count fell again because of social conflict. Not coincidentally, we published an article based on a press release by Colombia’s Ombudsman saying incidents year-to-date February 2023 increased 73% over last year. And for those with the patience to stick to the end, a reflection on Ecopetrol as we await Felipe Bayón’s replacement.
Last week the headlines were all about Ecopetrol’s record breaking earnings, and that they were. Virtually every Line of Business (LoB) also hit new highs. ISA’s contribution was “showy” at least for EBITDA but its contribution to earnings was much more modest.
Ecopetrol (NYSE: EC) announced its investment plan for 2023. The Minister of Finance (MinHacienda), José Antonio Ocampo, talked about the company.
Ecopetrol’s (NYSE:EC) Felipe Bayón spoke about the need to continue exploring new areas in Colombia, the energy transition and the role hydrocarbons will continue to play in the oil company’s operations.
Ecopetrol’s (NYSE: EC) discussed the labor reform and its potential impact on the company. USO responded to these statements.
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