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Eye on Ecopetrol

ECP’s LoB results for 2Q24: It’s still Downstream’s fault

ECP’s LoB results for 2Q24: It’s still Downstream’s fault

On the first day of Shareholder Stewardship 101, the professor reminds everyone that different investors measure performance differently. One group of shareholders prioritizes short-term performance, long-term performance concerns others, and dividend flow to others. We know that Colombian President Gustavo Petro never attended that class but Ecopetrol Ricardo Roa seems to have missed it as well.

Monday, August 26th, 2024
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USO urgent call

The USO issued an urgent call to Ecopetrol (NYSE: EC) and the Colombian government to take immediate action in reactivating hydrocarbon exploration and production to boost the country’s reserves.

Thursday, August 22nd, 2024
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Bayón sounds alarm over ECP

Felipe Bayón, former president of Ecopetrol (NYSE: EC), raised serious concerns about the financial health of Colombia’s state-owned oil company.

Wednesday, August 21st, 2024
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Challenges in importing gas from the US

Recently, Ecopetrol’s (NYSE: EC) President, Ricardo Roa Barragán, announced the company’s potential plan to import gas produced through fracking in the Permian Basin (Texas, USA) as a strategy to mitigate Colombia’s projected gas deficit in 2025.

Wednesday, August 21st, 2024
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Roa on ECP’s failed deal with OXY

Ricardo Roa Barragán, President of Ecopetrol (NYSE: EC), provided new insights into the collapsed negotiations with Occidental Petroleum (NYSE: OXY) that aimed to acquire a significant stake in CrownRock, a company engaged in fracking in the US.

Tuesday, August 20th, 2024
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ECP’s paradoxical move

As Colombia braces for a looming natural gas deficit by 2025, Ecopetrol (NYSE: EC) explored a controversial solution: importing natural gas produced through fracking from the US.

Monday, August 19th, 2024
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Ecopetrol’s path to self-destruction

In recent months, Colombia’s state-owned oil giant, Ecopetrol (NYSE: EC), has been at the center of a growing controversy, following decisions that analysts fear could lead to its demise.

Thursday, August 15th, 2024
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ECP’s 2Q24 results

ECP’s 2Q24 results

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

Wednesday, August 14th, 2024
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Oxy comments on ECP’s missed opportunity

Ecopetrol (NYSE: EC) is facing increasing scrutiny following a controversial decision by its Board of Directors to pass on a significant investment opportunity in the US.

Wednesday, August 14th, 2024
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Gas discovery extension

Ecopetrol (NYSE: EC) announced that the Uchuva-2 well has confirmed the extension of a gas discovery made in 2022 with the drilling of the Uchuva-1 well.

Wednesday, August 14th, 2024
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