Ecopetrol

Ecopetrol, formerly known as Empresa Colombiana de Petróleos S.A. (English: Colombian Petroleum Co. Not to be confused with the US owned and operated Colombian Petroleum Co. (COLPET) and sister company South American Gulf Oil Co. (SAGOC) dating to the 1930s which were taken over by the state owned Ecopetrol in the 1970s) is the largest and primary petroleum company in Colombia. As a result of its continuous growth, Ecopetrol forms part of the Fortune Global 500 and is ranked 303, it belongs to the group of the 25 largest petroleum companies in the world, and it is one of the four principal petroleum companies in Latin America.

History

Even though there were attempts as early as 1941 for the Colombian government to legally take over the Tropical Oil Co., it wasn't until the legal end of the contract of the Concesión De Mares expired that a transfer of ownership could take place. The reversion of "De Mares Concession" ("Concesión De Mares") to the Colombian State on 25 August 1951 gave way to the Empresa Colombiana de Petróleos, which had been created in 1948 by means of Law 165 of that same year. The growing company assumed the reverted assets of the Tropical Oil Co. that began oil activities in 1921 in Colombia with the implementation of the Cira-Infantas Field in the Middle Magdalena River Valley, located some 300 kilometers northeast of Bogotá. Ecopetrol undertook activities in the oil chain as a state-owned industrial and commercial company in charge of administrating the nations hydrocarbon resources, and grew as other concessions reverted and became part of its operation. The nationalization of Ecopetrol was not smooth and met with some opposition and skepticism as to how the company, if held nationally could in fact be able to keep up with the complex and expensive operations without outside expertise in the changing international market. A call for nationalization was nevertheless made.

Podcasts:

PLAYLIST TIME:

Latest News for: Ecopetrol

Ecopetrol circling for foreign wind assets as European developers lick Colombian wounds

Recharge 21 Mar 2025
EDP Renewables had already given up the ghost on more than 500MW of wind capacity in Colombia when the delayed permit turned out to be problematic ....

BBC Denounces Pollution at Hundreds of Ecopetrol Sites in Colombia

Colombia One 20 Mar 2025
The BBC World Service reported that Colombia’s Ecopetrol had polluted up to 800 natural sites with oil spills by 2018 ... Ecopetrol ... BBC reports that Ecopetrol polluted up to 800 natural areas in Colombia ... Ecopetrol.

Ecopetrol: Whistleblower reveals Colombia oil giant

BBC News 20 Mar 2025
Colombia’s Ecopetrol polluted hundreds of sites, including water sources and wetlands, the BBC finds. .

Fitch Ratings maintains Ecopetrol's credit rating at BB+ and changes its outlook from stable to negative (Ecopetrol SA - Empresa Colombiana de Petroleos)

Public Technologies 18 Mar 2025
Fitch Ratings maintains Ecopetrol's credit rating at ... Ecopetrol S.A ... ECOPETROL; NYSE ... Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees ... Ecopetrol S.A.

Ecopetrol Announces Start Dates for the Market Maker program for its Shares on the Colombian Stock Exchange (Form 6-K) (Ecopetrol SA - Empresa Colombiana de Petroleos)

Public Technologies 17 Mar 2025
Ecopetrol Announces Start Dates for the Market Maker program for its Shares on the Colombian Stock Exchange. Ecopetrol S.A ... ECOPETROL; NYSE ... investors@ecopetrol.com.co ... marcela.ulloa@ecopetrol.com.co.

Current Report by Foreign Issuer (Form 6-K) (Ecopetrol SA - Empresa Colombiana de Petroleos)

Public Technologies 17 Mar 2025
Fitch Ratings maintains Ecopetrol's credit rating at BB+ and changes its outlook from ...

Fitch Ratings revises Ecopetrol’s outlook to negative: here’s why

Invezz 17 Mar 2025
Fitch Ratings has downgraded Ecopetrol’s outlook from stable to negative while keeping its credit rating of BB+ ... Ecopetrol, Colombia’s largest company, is a vital part of the country’s energy sector.

Ecopetrol Announces Start Dates for the Market Maker program for its Shares on the Colombian ...

Walker & Catoosa County News 16 Mar 2025
BOGOTA, Colombia, March 14, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC. ECOPETROL; NYSE ... Comisionista de Bolsa. × This page requires Javascript. Javascript is required for you to be able to read premium content ... kAm$~&#rt t4@A6EC@= $]p]k^Am ... ....

Ecopetrol Announces Start Dates for the Market Maker program for its Shares on the Colombian Stock Exchange

PR Newswire 15 Mar 2025
BOGOTA, Colombia, March 14, 2025 /PRNewswire/ -- Ecopetrol S.A ... ECOPETROL; NYSE ... Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees.

Colombia’S Petro Orders Ecopetrol To Import Qatar Gas Amid Price Speculation Claims

MENA FN 11 Mar 2025
(MENAFN - The Rio Times) Colombian President Gustavo Petro directed state-owned oil company Ecopetrol to purchase natural gas directly from Qatar. The president announced this decision on his ... .

Ecopetrol publishes draft chapter on social and environmental issues, including climate, for the year 2024 (Form 6-K) (Ecopetrol SA - Empresa Colombiana de Petroleos)

Public Technologies 07 Mar 2025
Ecopetrol publishes draft chapter on social and environmental ... Ecopetrol S.A ... ECOPETROL; NYSE ... Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees.

2024 Fourth Quarter Presentation (Ecopetrol SA - Empresa Colombiana de Petroleos)

Public Technologies 07 Mar 2025
This document was prepared by Ecopetrol S.A. (the "Company" or "Ecopetrol") with the purpose of providing the market and interested parties certain financial and other information of the Company ... Ecopetrol S.A ... Ecopetrol.

Ecopetrol Announces Nomination of Candidate for Board of Directors (Form 6-K) (Ecopetrol SA - Empresa Colombiana de Petroleos)

Public Technologies 06 Mar 2025
Ecopetrol Announces Nomination of Candidate for Board of Directors. Ecopetrol S.A ... ECOPETROL; NYSE ... Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees.

Ecopetrol Announces Changes in the Board of Directors (Form 6-K) (Ecopetrol SA - Empresa Colombiana de Petroleos)

Public Technologies 06 Mar 2025
Ecopetrol Announces Changes in the Board of Directors. Ecopetrol S.A ... ECOPETROL; NYSE ... Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees.
×