Tag: Felipe Bayon

(Ecopetrol, 24.Feb.2023) — The Chief Executive Officer of Ecopetrol S.A. hereby summons all Shareholders to the ordinary Assembly of the General Shareholders’ Meeting to be held on Thursday, 30 March 2023, starting at 9 a.m., at the Centro Internacional de Negocios y Exposiciones (Corferias), located on Carrera 37 No. 24 – 67 in Bogota, D.C The Agenda for the meeting will be the Safety guidelines […]

(Ecopetrol, 27.Jan.2023) — Ecopetrol S.A. informs that Felipe Bayón Pardo will lead the company as CEO until 31 Mar. 2023. The Board of Directors recognized Felipe Bayón Pardo’s achievements during his leadership as CEO of Ecopetrol since Sep. 2017. Under his tenure, the company achieved excellent operating and financial results […]

(Ecopetrol, 8.Nov.2022) — Ecopetrol Group figures for September 2022 undoubtedly indicate an outstanding operating and commercial performance that supports our historical financial results. During the first nine months of 2022, the company reached pre-pandemic production levels and obtained net income of COP 26.6tn. These achievements are the result of: i) […]

(Ecopetrol, 7.Oct.2022) — The Chief Executive Officer of Ecopetrol S.A. invites the Shareholders of the Company to attend the Extraordinary General Shareholders’ Meeting to be held on Monday 24 October 2022, starting at 8 a.m., at the International Business and Exhibition Center Auditorium (CORFERIAS) located at Carrera 37 No. 24 […]

(Ecopetrol, 4.Aug.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announced the Ecopetrol Group’s financial results for the second quarter of 2022. The financial results were prepared in accordance with the International Financial Reporting Standards applicable in Colombia. Table 1: Financial Summary Income Statement – Ecopetrol Group Billion (COP)2Q 20222Q 2021∆ ($)∆ (%)6M 20226M […]

(Ecopetrol, 10.May.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announced the Ecopetrol Group’s financial results for the first quarter of 2022. Table 1: Financial Summary Income Statement –Ecopetrol Group Billion (COP)1Q 20221Q 2021∆ ($)∆ (%)Total sales32,47317,20615,26788.7%Depreciation and amortization2,5792,23734215.3%Variable cost12,0656,2385,82793.4%Fixed cost3,2942,0371,25761.7%Cost of sales17,93810,5127,42670.6%Gross income14,5356,6947,841117.1%Operating and exploratory expenses2,0051,18182469.8%Operating income12,5305,5137,017127.3%Financial income (loss), net(1,524)(651)(873)134.1%Share of profit […]

(Ecopetrol, 9.Nov.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announced the Ecopetrol Group‘s financial results for the third quarter of 2021. The financial results were prepared in accordance with the International Financial Reporting Standards applicable in Colombia. The figures included in this report were extracted from the company’s unaudited financial statements. The financial […]

(Ecopetrol, 3.Aug.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announced the Ecopetrol Group’s financial results for the second quarter and the first half of 2021. In words of Felipe Bayón Pardo, CEO of Ecopetrol: The strength of Ecopetrol Group’s results in the quarter and year to date, despite a challenging situation […]

(Seeking Alpha, 24.Feb.2021) — Colombia’s Ecopetrol S.A. announced results of operations for the fourth quarter of 2020. Details from the related earnings conference call held on 24 February 2020 follow: Company Participants Felipe Bayón – CEO Alberto Consuegra – COO Jaime Caballero – CFO Milena López – Director, Strategy and […]

(Ecopetrol, 23.Feb.2021) — Ecopetrol S.A. reported today the financial results of the Ecopetrol Group for the fourth quarter and the cumulative results for 2020, prepared in accordance with the International Financial Reporting Standards applicable to Colombia. * Excluding the effect of expenses associated to the Voluntary Retirement Plan, EBITDA amounts […]

(Ecopetrol, 23.Feb.2021) — The Chief Executive Officer of Ecopetrol S.A. hereby summons all Shareholders to the Annual General Shareholders’ Meeting to be held remotely on Friday, 26 March 2021, starting at 9 a.m. The agenda for the meeting will be: Safety guidelinesQuorum verificationOpening by the Chief Executive OfficerApproval of the […]

(Argus, 27.Jan.2021) — Colombia’s state-controlled Ecopetrol is seeking to acquire state-controlled electricity transmission giant Isa in an aggressive move away from its core oil business. Ecopetrol presented a non-binding offer for the government’s stake in Isa, equivalent to more than 51pc of the shares in circulation, the company said this […]

(Ecopetrol, 4.Aug.2020) — Ecopetrol S.A. announced today the Ecopetrol Group’s financial results for the second quarter and the first half of 2020 and the update of the Business Plan 2020-2022. Financial results were prepared in accordance with the International Financial Reporting Standards applicable in Colombia. RELATED STORY: Moody’s Confirms Ecopetrol’s […]

(Ecopetrol, 17.Jul.2020) — Ecopetrol S.A. informs that the Board of Directors approved a new organic investment plan for the Ecopetrol Group (GE) for an estimated amount between $3 billion and $3.4 billion for 2020. This level of organic investment is similar to what was deployed in 2019 and higher than […]

(Ecopetrol, 11.May.2020) — Ecopetrol S.A. announced the Ecopetrol Group’s financial results for the first quarter of 2020, prepared in accordance with International Financial Reporting Standards (IFRS) applicable in Colombia. The figures included in this report were extracted from the audited financial statements. The financial information is expressed in billions of […]

(Reuters, 11.May.2020) — Colombia’s majority state-owned oil company, Ecopetrol, reported on Monday a 95% fall in first-quarter net profit, which came in at 133 billion pesos ($34.3 million), following a sharp drop in global oil prices. The company reported a net profit of 2.745 trillion pesos in the year-earlier period. […]