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Ecopetrol S.A. operates in the Energy sector, within the Integrated Oil & Gas industry, and was founded in 1951 in Colombia by the Colombian government.
As the largest producer of oil and natural gas in Colombia and one of the leading energy companies in Latin America, Ecopetrol operates across the entire energy value chain.
The company is engaged in exploration, production, refining, transportation, and commercialization of crude oil, natural gas, and petrochemical products.
In recent years, Ecopetrol has also invested heavily in the energy transition, expanding its presence in renewable energy and environmental sustainability initiatives.
Ecopetrol’s main business segments include:
Exploration & Production (E&P): development of oil fields and extraction of crude oil and natural gas.
Refining & Petrochemicals: processing of crude oil and production of fuels, lubricants, and petrochemical derivatives.
Transportation & Logistics: operation of oil and gas pipeline networks for the domestic and international distribution of hydrocarbons.
Renewable Energy: investments in solar, wind, and green hydrogen projects, aligned with the company’s long-term sustainability goals.
With operations in Colombia, Brazil, Peru, Mexico, and the United States, Ecopetrol plays a strategic role in ensuring Latin America’s energy supply and in exporting crude oil to global markets.
Supported by a workforce of approximately 13,977 employees, the company maintains a robust operational infrastructure that includes modern refineries, an extensive transportation network, and both offshore and onshore assets.
Ongoing investments in exploration, refining, and renewable energy have positioned Ecopetrol as a regional leader in the Latin American energy industry.
History and Foundation of Ecopetrol S.A.
Ecopetrol S.A. was established in 1951 in Colombia by the national government, originally under the name Empresa Colombiana de Petróleos.
The company’s creation followed the nationalization of Tropical Oil Company’s assets, which had operated in the country since the early 20th century.
With this move, Ecopetrol assumed control over Colombia’s oil exploration and production activities.
In its early years, the company focused on exploration and development of oil fields, gradually expanding its infrastructure to meet the country’s growing energy demand.
During the 1970s, Ecopetrol broadened its refining and transportation operations, modernizing facilities and increasing processing capacity.
The company began its international expansion in the 2000s, adopting a growth strategy based on partnerships and acquisitions.
In 2007, Ecopetrol conducted its initial public offering (IPO) on both the Colombian Stock Exchange (BVC) and the New York Stock Exchange (NYSE), raising capital to finance its global expansion.
Key milestones in the company’s history include:
2010: Production expansion, reaching a daily output of 750,000 barrels of oil.
2013: Launch of operations at the Cartagena Refinery, increasing refining capacity and diversifying fuel production.
2021: Acquisition of Interconexión Eléctrica S.A. (ISA), expanding its presence in electric power and transmission infrastructure.
2022–2024: Investments in green hydrogen, carbon capture, and energy transition projects, reinforcing its commitment to sustainable energy sources.
In recent years, Ecopetrol has strengthened its focus on carbon emission reduction, operational efficiency, and renewable energy development, maintaining its competitive position in the evolving global energy landscape.
Additional Information
The Company Ecopetrol S.A. (United States), is listed on NYSE with a market cap of $ 20.25 Billions, having an equity of $ 27.31 Billions.
With a total of 13.977 employees, the company is listed in the sector of Energy and categorized in industry of Oil & Gas Integrated.
In the last 12 months the Company had a revenue of $ 30.42 Billions, which generated a profit in the amount of $ 2.49 Billions.
As for its main indicators, the Company has a P/E ratio of 8.12, a P/BV ratio of 0.74 and in the last 12 months the dividend yield of EC was at 10.56%.
The Company is traded internationally through the ticker EC.
