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Last $2,065 COP
Change Today +30.00 / 1.47%
Volume 9.3M
As of 3:59 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

ecopetrol sa (ECOPETL) Snapshot

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52 Week High
06/11/14 - $3,670
52 Week Low
12/16/14 - $1,750
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ecopetrol sa (ECOPETL) 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 (ECOPETL) Top Compensated Officers

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Executives, Board Directors

ecopetrol sa (ECOPETL) Key Developments

Ecopetrol S.A. Announces the Supreme Court of the Netherlands Rules in its Favor in the Llanos Oil Exploration Ltd. Case

Ecopetrol S.A. announced that on March 18 the Supreme Court of the Netherlands notified the final verdict in favor of Ecopetrol S.A. in the lawsuit filed in 2011 by the Llanos Oil Exploration Ltd. against the company. The Dutch Supreme Court dismissed, without any explanation, Llanos Oil Exploration Ltd.'s cassation appeal against the Court of Appeal and District Court of The Hague decisions, in which they declared that there was no jurisdiction to render judgment on the termination of the Guatapuri association contract occurred on July 23, 2003, termination that originated the lawsuit against Ecopetrol S.A. As a result of the Supreme Court of the Netherlands decision, Llanos Oil Exploration Ltd.'s claim for damages for approximately EUR 7,000 million, as a consequence of the termination of the Guatapurí association contract by Ecopetrol S.A., loses all legal basis.

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).


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