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Last $2,020 COP
Change Today -40.00 / -1.94%
Volume 3.7M
ECOPETL On Other Exchanges
New York
As of 3:59 PM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

ecopetrol sa (ECOPETL) Snapshot

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52 Week High
04/21/14 - $3,852
52 Week Low
12/16/14 - $1,750
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Current Stock Chart for ECOPETROL SA (ECOPETL)

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ecopetrol sa (ECOPETL) Details

Ecopetrol S.A., an integrated oil company, is engaged in the exploration, development, and production of crude oil and natural gas primarily in Colombia, Peru, Brazil, and the United States Gulf Coast. The company operates through three segments: Exploration and Production, Refining and Petrochemicals, and Transportation and Logistics. It also owns and operates refineries that produce various refined products, including gasoline, diesel fuel, kerosene, jet fuel, aviation fuel, liquefied petroleum gas, sulfur, and heavy fuel oils; 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, and petrochemical products. Further, it is involved in the transportation of crude oil, motor fuels, fuel oil, and other refined products, such as diesel and bio fuels. As of December 31, 2013, the company had proved reserves of crude oil and natural gas totaled 1,971.9 million barrels of oil equivalent; and a network of approximately 6,746 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 (ECOPETL) Top Compensated Officers

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Executives, Board Directors

ecopetrol sa (ECOPETL) Key Developments

Ecopetrol Receives Permissions To Sell Stake In Interconexión Eléctrica

Ecopetrol SA (BVC:ECOPETROL) has received permission from the Council of Ministers to divest its stake in Interconexión Eléctrica S.A. E.S.P. (BVC:ISA). Ecopetrol holds a 5.32% stake in Interconexion Electrica. The proceeds from the sale will be used for financing the company's investment plan.

Ecopetrol Approves Amendment to its Bylaws

Ecopetrol S.A. reported that, at the Shareholders' General Assembly held on March 26, 2015, the following changes were made to its bylaws: the following corporate governance practices recommended by the Superintendence of Finance in the New Code of Corporate Best Practices of Colombia have been adopted: extension of the deadline for convening ordinary and extraordinary meetings (amendment to Articles 19 and 20). Majority of the Board of Directors to be comprised of independent directors (amendment to paragraph 1, Article 23). Possibility of carrying out different types of evaluations of the Board of Directors (amendment to paragraph 5, Article 23). Reference to guidelines regulating the appointment and duties of the President of the Board of Directors and the Secretary of the Board of Directors (new paragraph 6, Article 23). Modification in the name of the Audit Committee of the Board of Directors in order to make explicit its risk management role (amendment to Paragraph 27.1 of Article 27). Obligation to comply with voluntarily adopted corporate governance practices (new Article 52).

Ecopetrol S.A. Approves Ordinary Dividend for the Year 2014

Ecopetrol S.A. announced that the General Shareholders' Meeting, held on March 26, 2015, approved an ordinary dividend of COP 133 per share. The General Shareholders' Meeting approved a lump sum payment of the total dividend to minority shareholders which will be paid beginning on June 22, 2015. Pursuant to the current Colombian regulation, the dividend will be paid to shareholders who are registered as holders of company shares as of five trading days before the date of the payment.


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