Ecopetrol Reports Changes To Accounting Classification

(Ecopetrol, 3.Feb.2020) — Ecopetrol S.A. reports that having completed all legal and accounting analyses regarding the ruling issued by the Supreme Court of Justice dated October 30, 2019, reported by this same means, whereby the company obtained a  51.88% shareholding of INVERCOLSA, this investment will be classified in Ecopetrol S.A’s Separate Financial Statements as a subsidiary, rather than an associated company, whereby its consolidation process will begin, including all accounting matters, as of December 2019.

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