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Ecopetrol S.A.
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Fitch Ratings Raises Ecopetrol Credit Rating to BBB
"The increase in the stand-alone credit profile is a recognition of the company's stable operating performance," stated Ecopetrol.
Posted On
December 8, 2018
,
By
Jared Wade
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Ecopetrol Reports Big Jump with Profits of $866 Million in the Third Quarter Amid Surging Oil Prices
"We were able to capture the profit coming from the higher international oil prices," said Ecopetrol CEO Felipe Bayón.
Posted On
November 10, 2018
,
By
Jared Wade
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Ecopetrol Secures $665 Million USD Contingent Line of Credit from Scotiabank, Mizuho Bank
Ecopetrol says it may draw upon the credit line to strengthen its "liquidity position in the face of eventual growth opportunities" or "mitigate risks associated to unexpected fluctuations in crude prices."
Posted On
September 10, 2018
,
By
Jared Wade
off
Ecopetrol Reports Income of $923 Million USD in First Quarter of 2018
Despite a major oil spill and below-target production, Ecopetrol reported its best quarterly results in four years amid higher oil prices.
Posted On
May 6, 2018
,
By
Jared Wade
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Ecopetrol Pays Annual Dividend Totaling More Than $150 Million USD to Minority Shareholders
The Colombian government, which owns the vast majority of Ecopetrol shares, will receive a dividend of $1.17 billion USD (3.2 trillion pesos).
Posted On
April 20, 2018
,
By
Jared Wade
off
Moody’s Drops Ratings Outlook to Negative for Bancolombia, Banco de Bogotá, and Various Insurers
Others with outlook drops include Seguros Generales Suramericana, Confianza, ISA, EPM, and Enel Americas.
Posted On
February 28, 2018
,
By
Jared Wade
off
Ecopetrol Extends Reserve Life to 7.1 Years with 3.7% Increase of Proven Reserves in 2017
Ecopetrol claimed proven reserves of 1.659 billion barrels of oil equivalent at the end of 2017, up from the 1.598 billion barrels in 2016.
Posted On
February 23, 2018
,
By
Jared Wade
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Ecopetrol to Establish Energy Marketing Company
Ecopetrol says the main purpose of the the new subsidiary “will be energy generation, conversion, and marketing."
Posted On
October 24, 2017
,
By
Jared Wade
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Ecopetrol to Liquidate Two European Subsidiaries in Spain and Germany
The company said that its Spanish subsidiary “is currently inactive and is no longer needed by the business group.”
Posted On
August 28, 2017
,
By
Jared Wade
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Ecopetrol Formalizes the Creation of Mexican Subsidiary ECP Hidrocarburos México
After receiving approval from Mexican authorities, Ecopetrol has formally launched ECP Hidrocarburos México S.A. de C.V.
Posted On
August 22, 2017
,
By
Jared Wade
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