BOGOTA, Colombia, Jan. 15, 2025 /PRNewswire/ -- Ecopetrol informs that it reached an agreement with JPMorgan Chase Bank N.A., the depositary bank of its American Depositary Receipts (ADR) program, to reduce 50% of the conversion cost for the purchase and sale of ADRs in the United States. The measure is temporary and is expected to be effective until July 10, 2025.
Ecopetrol trusts that this measure will benefit its investors.
For more information, please go to the following link
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BOGOTA, Colombia, Dec. 31, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (the "Company") confirms that on December 29th, an agreement was reached with Repsol regarding the purchase of the interest held by Repsol in the Exploration and Production Contract (E&P Contract) for Block CPO-09.
The final closing of the acquisition has not yet occurred, as some of the conditions for closing are pending to be fulfilled, including the approval by the Superintendence of Industry and Commerce and the authorization by the National Hydrocarbons Agency (ANH) within their respective competencies.
BOGOTA, Colombia, Dec. 30, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (the "Company") announces that on Sunday, December 29, 2024, Ecopetrol successfully concluded negotiations with Repsol to acquire the remaining 45% of its stake in block CPO-09, located in the Meta department. With this transaction, Ecopetrol becomes the sole owner of this strategic asset in the Piedemonte Llanero.
BOGOTA, Colombia , Dec. 16, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (the "Company") announces that Germán González Reyes, who has been serving as Secretary General since September 29, 2023 (as announced on that date) and Acting Director of Institutional Relations and Communications since June 28, 2024 (as announced on that date), will perform his duties until January 17, 2025. Ecopetrol thanks Germán González for his seven years of service, his valuable management, and the contributions made to Ecopetrol, and wishes him much success in his new professional endeavors.
BOGOTA, Colombia, Nov. 29, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (the "Company") announces that the Board of Directors approved the annual investment budget of the Ecopetrol Group for 2025 for an amount between 24 and 28 trillion pesos1, in line with the strategy, this annual budget increases investment levels compared to 2024, under capital discipline criteria and is expected to have the following implications:
BOGOTA, Colombia, Nov. 29, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (the "Company") announces that in line with the publication made on November 8, 2024, the Board of Directors, in its session on November 28 and 29, 2024, made the following appointments: (i) Álvaro Torres Macías, as Chairperson of the Audit and Risk Committee and financial and accounting expert; (ii) Guillermo García Realpe, as a member of the Business Committee; (iii) Ángela María Robledo Gómez, as Chairperson of the Corporate Governance and Sustainability Committee; and (iv) Gonzalo Hernández Jiménez, as a member of the Compensation, Nomination, and Culture Committee. In other respects, the previous composition of these Committees remains unchanged.
BOGOTA, Colombia, Nov. 21, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (the "Company") informs that today it completed the redemption of the aggregate principal amount outstanding of its 5.375% notes due 2026, which were originally issued in 2015. The repurchase price of this bond was USD 1,007.63 for each USD 1,000 of principal outstanding, amounting to USD 450,579,892 for the aggregate principal amount outstanding, plus accrued interest up to the date.
BOGOTA, Colombia, Nov. 20, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol") reports that it has published its fourth TCFD report covering developments from 2023 and the first half of 2024. The report highlights progress in strengthening climate-related risk and opportunity management processes through discussions on Governance, Strategy, Risks and Metrics and Targets.
BOGOTA, Colombia, Nov. 8, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (the "Company" or "Ecopetrol") informs that Fitch Ratings reported on November 6, 2024, that it has maintained the global credit rating of the Company at BB+ with a stable outlook. Additionally, the agency has downgraded the Standalone Credit Profile ("SCP") from 'bbb' to 'bbb-' and affirmed the national long-term and short-term ratings of Ecopetrol at 'AAA (col)' with a Stable Outlook and 'F1+(col)', respectively.
BOGOTA, Colombia, Nov. 7, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (the "Company") informs that, as previously announced, on Thursday, November 14, 2024, the Company's management will hold a single virtual conference with broadcasts in Spanish and English to discuss its financial and operating results for the third quarter of 2024. Given the change to Standard Time in the United States, the previously announced time for the conference call has changed to the one indicated below:
BOGOTA, Colombia, Oct. 31, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that the Santa Marta Tribunal (the "Tribunal") issued a favorable decision regarding an appeal against the claim (acción de tutela) filed by the Indigenous Council of Taganga.
The Tribunal's decision partially overturned the ruling of the Fourth Labor Court of the Santa Marta Circuit which had ordered the suspension of exploration and production works in the "Tayrona exploratory drilling area at the Uchuva 2 well."
BOGOTA, Colombia, Oct. 31, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that after market close on Wednesday, November 13, 2024, it plans to release its financial and operating results for the third quarter of 2024.
On Thursday, November 14, 2024, Ecopetrol's senior management plans to host a single virtual conference call to review the results, with transmission in Spanish and English. Please find below the time and links to access the conference:
BOGOTA, Colombia, Oct. 29, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces that, continuing with its comprehensive debt management strategy, it will redeem the outstanding balance of its 5.375% notes maturing in June 2026 (CUSIP: 279158 AL3 / ISIN: US279158AL39) (the "2026 Notes"), which were issued in 2015. The outstanding balance of the 2026 Notes is USD 447,168,000.
The expected redemption date of the 2026 Notes is November 21, 2024. The redemption price is expected to be approximately USD 1,010.31 per USD 1,000.00 principal amount outstanding (preliminarily calculated at USD 451,778,154.18 for 100% of the 2026 Notes outstanding), plus accrued and unpaid interest up to the redemption date equivalent to USD 21.35 per USD 1,000 principal amount outstanding (estimated at USD 9,547,347.33 for 100% of the 2026 Notes outstanding), which would amount to USD 1,031.66 per USD 1,000 principal amount outstanding (approximately USD 461,325,501.51 for 100% of the 2026 Notes outstanding). The final redemption price is expected to be calculated on November 18, 2024.
BOGOTÁ, Colombia, Oct. 21, 2024 /PRNewswire/ -- Ecopetrol S.A. ("Ecopetrol" or the "Company") (NYSE: EC) announced today the results of the previously announced cash tender offer (the "Offer") by Ecopetrol, to purchase any and all of its outstanding 5.375% Notes due 2026 (the "Securities").
The Offer expired on October 16, 2024, at 5:00 p.m., New York City time (the "Expiration Time"). The Offer was made solely pursuant to the Offer to Purchase (as the same was amended by means of press release published on October 16, 2024, the "Offer to Purchase") and the related Notice of Guaranteed Delivery (the "Notice of Guaranteed Delivery"), each dated October 8, 2024.
BOGOTA, Colombia, Oct. 18, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that the following senior management appointment was made effective as of October 16, 2024:
Carlos Mauricio Avila Saldarriaga has been appointed as Vice President of Subsidiaries and Assets with Partners. Carlos is a Petroleum Engineer from Universidad América, with further education in finance, project management and production operations. He has more than 28 years of experience in the hydrocarbons sector. He started his career in Ecopetrol as a Production Engineer and pursued other management positions in the New Business division. Additionally, he has held leadership roles in companies such as Occidental de Colombia Inc., Halliburton and Frontera Energy, serving as Senior Business Development Manager in Halliburton and Frontera Energy.
BOGOTÁ, Colombia, Oct. 16, 2024 /PRNewswire/ -- As a result of the postponement of the Notes Offering (as defined below), Ecopetrol S.A. ("Ecopetrol" or the "Company") (NYSE: EC) hereby announces that it is postponing the Price Determination Time and extending the Expiration Time, Guaranteed Delivery Date and Settlement Date of its previously announced cash tender offer (the "Offer"), to purchase any and all of its outstanding 5.375% Notes due 2026 (the "Securities"), upon the terms and subject to the conditions set forth in Ecopetrol's Offer to Purchase, dated October 8, 2024 (as the same may be amended or supplemented hereby and from time to time, the "Offer to Purchase") and in the related Notice of Guaranteed Delivery (as it may be amended or supplemented from time to time, the "Notice of Guaranteed Delivery").
BOGOTA, Colombia, Oct. 11, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that the Shareholders' Meeting of its subordinate Ecopetrol Energia S.A.S E.S.P., with the favorable and affirmative vote of 100% of its subscribed shares, authorized its liquidator, Mr. Christian Schneider Jaramillo, to carry out all the necessary steps for the due liquidation of this company whose purpose was the commercialization of energy, which culminated with the cancellation of its commercial registration the first days of October.
BOGOTA, Colombia, Oct. 10, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces that to continue with its integral debt management strategy, it plans to prepay on October 18, 2024, USD 500 million out of the USD 1,000 million outstanding balance of that certain loan agreement executed with international banks in September 2023 and maturing in September 2030 (the "2030 Loan").
BOGOTÁ, Colombia, Oct. 8, 2024 /PRNewswire/ -- Ecopetrol S.A. ("Ecopetrol" or the "Company") (NYSE: EC) announced today the commencement of a cash tender offer (the "Offer"), to purchase any and all of its outstanding 5.375% Notes due 2026 (the "Securities"), upon the terms and subject to the conditions set forth in Ecopetrol's Offer to Purchase, dated October 8, 2024 (as the same may be amended or supplemented from time to time, the "Offer to Purchase") and in the related Notice of Guaranteed Delivery (as it may be amended or supplemented from time to time, the "Notice of Guaranteed Delivery"). Capitalized terms used but not defined herein shall have the meanings given to such terms in the Offer to Purchase.
BOGOTA, Colombia, Oct. 1, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces that the following permanent appointment has been made as part of the implementation of the new organizational structure announced on June 6, 2024:
Juan Carlos Hurtado Parra as Vice President of the Upstream segment, who has been in charge of this department since June 15 and assumes the position permanently as of today, October 1. Juan Carlos is an electrical engineer from the Industrial University of Santander, a specialist in Project Evaluation and Development from the University of Rosario, and holds a Master of Business Administration in International Oil and Gas Degree from the University of Dundee. He has 27 years of experience in the sector, including an extensive career at Ecopetrol and executive positions at the International Gas Transporter (TGI). As Vice President of the Upstream segment, he is responsible for contributing to the increase in the Company's reserves, continuing the decarbonization of operations, strengthening the gas portfolio, and driving the traditional business to ensure energy security and support the transition.
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