EC

Ecopetrol S.A. operates in the Energy sector as an integrated oil and gas company. Founded in 1951, it is majority-owned by the Colombian government and is the largest oil and natural gas producer in Colombia.

The company operates across the full energy value chain, including:

• Exploration and production of crude oil and natural gas.

• Refining and petrochemical operations.

• Transportation and pipeline infrastructure.

• Investments in renewable energy and low-carbon initiatives.

Ecopetrol’s core operations are concentrated in Colombia, with additional activities in the United States and other international markets. The company plays a strategic role in Latin American energy supply and exports crude oil to global markets.

Performance is influenced by global oil and gas prices, production levels, refining margins, regulatory frameworks, capital allocation, and the pace of energy transition investments.

Ecopetrol shares trade on the New York Stock Exchange (NYSE) under the ticker EC.

History and Development

Ecopetrol was established following the nationalization of foreign-operated oil assets in Colombia. In its early decades, the company focused on expanding exploration, production, refining, and pipeline infrastructure to meet domestic demand.

Over time, Ecopetrol modernized its refining capacity and increased output, strengthening its position as a regional energy producer. The company completed its initial public offering in the 2000s, listing shares on the NYSE to support capital expansion and international growth.

In recent years, Ecopetrol has diversified its strategy beyond traditional oil and gas. It has invested in power transmission infrastructure, renewable energy projects, and decarbonization initiatives, including carbon capture and hydrogen development.

Today, Ecopetrol remains a key Latin American energy company, balancing upstream oil production with expanding exposure to renewable and lower-carbon energy projects.