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Last $9.79 USD
Change Today +0.16 / 1.66%
Volume 313.8K
EC On Other Exchanges
Symbol
Exchange
New York
Toronto
Mexico
Frankfurt
As of 1:03 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

ecopetrol sa-sponsored adr (EC) Snapshot

Open
$9.66
Previous Close
$9.63
Day High
$10.06
Day Low
$9.61
52 Week High
09/4/14 - $35.40
52 Week Low
08/24/15 - $8.65
Market Cap
20.1B
Average Volume 10 Days
1.2M
EPS TTM
--
Shares Outstanding
2.1B
EX-Date
06/17/15
P/E TM
--
Dividend
$1.04
Dividend Yield
10.58%
Current Stock Chart for ECOPETROL SA-SPONSORED ADR (EC)

ecopetrol sa-sponsored adr (EC) Related Businessweek News

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ecopetrol sa-sponsored adr (EC) Details

Ecopetrol S.A., an integrated oil company, engages in the exploration, development, and production of crude oil and natural gas primarily in Colombia, Peru, Brazil, Angola, and the United States Gulf Coast. The company operates through three segments: Exploration and Production; Transportation and Logistics; Refining, Petrochemicals, and Biofuels. It also owns and operates refineries that produce various refined products, including unleaded gasoline, diesel fuel, kerosene, jet fuel, aviation fuel, liquefied petroleum gas, sulfur, heavy fuel oils, and others; and petrochemicals and industrial products comprising paraffin waxes, lube base oils, low-density polyethylene, aromatics, asphalts, alkylates, cyclohexane, and aliphatic solvents, as well as refinery grade propylene. In addition, the company markets various refined and feed-stock products, including regular and high octane gasoline, diesel fuel, jet fuel, natural gas, petrochemical products, and other products. Further, it is involved in the transportation of crude oil, motor fuels, and fuel oil, as well as other refined products, such as diesel and bio fuels. As of December 31, 2014, the company had a network of approximately 8,986 kilometers in length for the transportation of refined products to wholesale distribution points. The company was formerly known as Empresa Colombiana de Petróleos and changed its name to Ecopetrol S.A. in June 2003. Ecopetrol S.A. was founded in 1948 and is based in Bogotá, Colombia.

Founded in 1948

ecopetrol sa-sponsored adr (EC) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

ecopetrol sa-sponsored adr (EC) Key Developments

Ecopetrol S.A.'s Board of Directors Authorizes Creation of New Subsidiary on Free Trade Zone to Conduct Offshore Operations

The Board of Directors of Ecopetrol S.A. in its meeting held on August 14, 2015, authorized the creation of a Colombian company indirectly wholly owned by Ecopetrol S.A. The creation of the new subsidiary seeks to develop offshore activities in Colombia, which the company currently carries out as operator and non-operator, and take advantage of the benefits of Decree 2682/14, 'pursuant to which the conditions and requirements are established for declaring the existence of Permanent Offshore Free Trade Zones'. Once the new company is created, the ANH's approval will be sought in order to assign Ecopetrol S.A.'s contractual rights under the exploration and production contracts of the offshore blocks in which it is operator and non-operator.

Ecopetrol SA Appoints Maria Fernanda Suarez Londono as Corporate Vice President of Strategy and Finance, Effective on August 12, 2015

Ecopetrol S.A. announced that Maria Fernanda Suarez Londono has been appointed Corporate Vice President of Strategy and Finance, effective on August 12, 2015. The new vice-presidency will oversee planning, budgetary and cash management matters in order to leverage the new strategic plan with a focus on efficiency and disciplined use of capital. With 19 years of professional experience in the public and private sectors, the new vice president was previously director of Public Credit for the Finance Ministry and Vice President of Investments for the Porvenir Pension Fund, and has held senior level positions at Citibank, ABN AMRO and Bank of America.

Ecopetrol S.A. Announces Unaudited Consolidated Earnings and Production Results for the Second Quarter and First Six Months Ended June 30, 2015; Announces Impairment of Assets the Second Quarter Ended June 30, 2015

Ecopetrol S.A. announced unaudited consolidated earnings and production results for the second quarter and first six months ended June 30, 2015. For the quarter, the company announced total sales were COP 14,009.6 billion compared to COP 16,932.2 billion for the same period a year ago. Operating profit was COP 3,549.2 billion compared to COP 4,912.2 billion for the same period a year ago. Net income was COP 1,695.5 billion compared to COP 2,758.7 billion for the same period a year ago. EBITDA was COP 4,508.0 billion compared to COP 6,519.8 billion for the same period a year ago. Cash provided by operating activities was COP 605.8 billion compared to COP 2,915.4 billion for the same period a year ago. Investment in property, plant and equipment was COP 1,396 billion compared to COP 3,276.5 billion for the same period a year ago. Payments for intangibles was COP 30.3 billion compared to COP 24.6 billion for the same period a year ago. Income before income tax was COP 2,816.8 billion compared to COP 4,952.6 billion for the same period a year ago. Sales revenues decreased by COP 2,923 billion, or 17.3%, during the second quarter of 2015 as compared to the same period of 2014, as a combined result of: a $44 per barrel reduction in the price of our crude basket, resulting in a decrease of COP 7,042 billion; the effects of the devaluation of the Colombian peso against the U.S. dollar that went from an average of COP 1,914/US in the second quarter of 2014 to COP 2,501/US in the second quarter of 2015, resulting in a COP 3,098 billion increase in sales revenues; a 58.7 mboed increase in sales volume resulting in a COP 1,021 billion rise in sales revenues, mainly representing increased crude exports due to higher availability in the transport system. For the six months, the company announced total sales were COP 26,310.5 billion compared to COP 34,903.5 billion for the same period a year ago. Operating profit was COP 5,907.1 billion compared to COP 11,176.8 billion for the same period a year ago. Net income was COP 2,051.5 billion compared to COP 6,823.6 billion for the same period a year ago. EBITDA was COP 7,566.5 billion compared to COP 14,217.9 billion for the same period a year ago. Cash provided by operating activities was COP 3,904.8 billion compared to COP 7,313.6 billion for the same period a year ago. Investment in property, plant and equipment was COP 3,485.1 billion compared to COP 4,747.5 billion for the same period a year ago. Payments for intangibles was COP 37.3 billion compared to COP 108.5 billion for the same period a year ago. Income before income tax was COP 3,645.2 billion compared to COP 11,111.7 billion for the same period a year ago. Production in the second quarter reached 767.6 mboed against 734.1 mboed last year. This was the result of the opening of new facilities and the new drilling campaigns in the fields Castilla and Chichimene, as well as the normal operation of Cano Limon field throughout most of the quarter. For the six months, production was 770.6 mboed against 750.2 mboed last year. For the quarter, the company announced impairment of assets of COP 114,213 million compared to COP 129,236 million for the same period a year ago.

 

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