Ecopetrol Board Elects New Leadership
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy EC?
Source: PRnewswire
- New Board Leadership: Ecopetrol's board elected Ángela María Robledo Gómez as chairwoman and Hildebrando Vélez Galeano as vice chairman during meetings on February 18-19, 2026, indicating significant governance changes aimed at enhancing decision-making efficiency and strategic direction.
- Committee Appointments: The newly elected board appointed members to various committees, including the Audit and Risk Committee, Business Committee, and Corporate Governance and Sustainability Committee, which aims to strengthen the company's professional management and risk control capabilities across different sectors, thereby enhancing overall operational efficiency.
- Acknowledgment of Former Vice Chairman: Ecopetrol expressed gratitude to former vice chairman Álvaro Torres Macías for his outstanding contributions during his tenure, reflecting the company's commitment to valuing and preserving strong leadership, which is intended to provide a solid foundation for the new leadership team.
- Company Scale and Market Position: As the largest company in Colombia, Ecopetrol is responsible for over 60% of the country's hydrocarbon production and holds a significant position in the energy market across the Americas, with plans to further solidify its market leadership through acquisitions and strategic investments.
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Analyst Views on EC
Wall Street analysts forecast EC stock price to fall
2 Analyst Rating
0 Buy
1 Hold
1 Sell
Moderate Sell
Current: 12.060
Low
8.70
Averages
10.35
High
12.00
Current: 12.060
Low
8.70
Averages
10.35
High
12.00
About EC
Ecopetrol S.A. is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company's segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company's Exploration and Production segment includes exploration, development and production activities in Colombia and abroad. The Company's Transportation and Logistics segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products, including diesel and biofuels. The Company's main crude oil pipeline systems' operating capacity is approximately 1.34 million barrels per day (BPD). The Company's main refineries are the Barrancabermeja refinery, which it directly owns and operates, and a refinery in the Free Trade Zone in Cartagena that is operated by Reficar S.A., a subsidiary of the Company. The Company also owns and operates two other minor refineries: Orito and Apiay.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ecopetrol Implements Compliance Measures for Shareholders' Meeting
- Compliance Measures for Meeting: Ecopetrol plans to hold an Extraordinary Shareholders' Meeting on March 27, 2026, to ensure adequate representation of shareholders, emphasizing that proxies must meet legal requirements, thereby enhancing shareholder trust in corporate governance.
- Proxy Requirements Clarified: The company will instruct designated personnel to verify shareholder proxies, rejecting those that do not meet minimum legal standards, ensuring the legality and transparency of the meeting, which in turn is expected to boost shareholder participation.
- Management Conduct Guidelines: Ecopetrol reminds its managers and employees not to interfere with the nomination and voting of shareholder proxies, ensuring the independence and fairness of corporate governance, thus maintaining the company's reputation.
- Legal Compliance Responsibility: The company designates the Corporate Legal Vice Presidency and General Secretariat to review and verify the compliance of proxies, ensuring all proxies meet regulations, further strengthening the corporate governance structure.
See More
Ecopetrol to Hold Extraordinary Shareholders' Meeting
- Shareholders' Meeting Plans: Ecopetrol is set to hold an Extraordinary Shareholders' Meeting on March 27, 2026, to ensure adequate shareholder representation, complying with the Financial Superintendence of Colombia's legal requirements.
- Company Scale and Impact: As the largest company in Colombia, Ecopetrol accounts for over 60% of hydrocarbon production and employs more than 19,000 people, significantly influencing the nation's energy supply and economic development.
- Strategic Acquisition: The acquisition of 51.4% of ISA's shares enhances Ecopetrol's capabilities in energy transmission and real-time systems management while participating in the Barranquilla-Cartagena coastal highway concession, further expanding its business scope.
- International Business Expansion: Ecopetrol conducts drilling and exploration in strategic basins in the U.S., Brazil, and Mexico, and through ISA and its subsidiaries, holds leading positions in power transmission in Brazil, Chile, Peru, and Bolivia, demonstrating its commitment to international growth.
See More
Ecopetrol Board Elects New Leadership
- New Board Leadership: Ecopetrol's board elected Ángela María Robledo Gómez as chairwoman and Hildebrando Vélez Galeano as vice chairman during meetings on February 18-19, 2026, indicating significant governance changes aimed at enhancing decision-making efficiency and strategic direction.
- Committee Appointments: The newly elected board appointed members to various committees, including the Audit and Risk Committee, Business Committee, and Corporate Governance and Sustainability Committee, which aims to strengthen the company's professional management and risk control capabilities across different sectors, thereby enhancing overall operational efficiency.
- Acknowledgment of Former Vice Chairman: Ecopetrol expressed gratitude to former vice chairman Álvaro Torres Macías for his outstanding contributions during his tenure, reflecting the company's commitment to valuing and preserving strong leadership, which is intended to provide a solid foundation for the new leadership team.
- Company Scale and Market Position: As the largest company in Colombia, Ecopetrol is responsible for over 60% of the country's hydrocarbon production and holds a significant position in the energy market across the Americas, with plans to further solidify its market leadership through acquisitions and strategic investments.
See More
Ecopetrol Reports 2.7% Increase in Proven Reserves for 2025
- Significant Reserves Growth: As of the end of 2025, Ecopetrol's proven reserves reached 1,944 million barrels of oil equivalent, reflecting a 2.7% increase from 2024, demonstrating the company's effective resource management and successful sustainability strategy.
- Record Replacement Ratio: The reserves replacement ratio for 2025 was 121%, with contributions of 300 million barrels primarily from enhanced recovery projects in the Castilla, Chichimene, and Akacias fields, indicating the company's outstanding performance in asset efficiency.
- Market Environment Challenges: Despite a 13.9% decline in the 2025 Brent reference price to $68.64 per barrel compared to 2024, Ecopetrol achieved its highest reserves replacement ratio, showcasing its resilience and adaptability under adverse market conditions.
- Strategic Investment Expansion: Ecopetrol accounts for over 60% of Colombia's energy production and has strengthened its market position in energy transmission and highway concessions by acquiring 51.4% of ISA's shares, enhancing its profile as a leading integrated energy company in the Americas.
See More
Ecopetrol Reports Record Proven Reserves in 2025
- Record Reserves: As of the end of 2025, Ecopetrol's proven reserves reached 1,944 million barrels of oil equivalent (mmboe), reflecting a 2.7% increase from 2024, showcasing the company's exceptional resource management and effective sustainability strategy.
- Increased Replacement Ratio: The reserves replacement ratio hit 121% in 2025, primarily driven by enhanced recovery projects in the Castilla, Chichimene, and Akacias fields, indicating the company's success in improving asset efficiency and value.
- Optimized Operational Management: By enhancing operational management in the Rubiales and La Cira–Infantas fields, Ecopetrol not only improved production efficiency but also strengthened its position in the competitive energy market.
- Strategic Investment Returns: Ecopetrol secured 95.8 mmboe in crude oil royalties through contracts with ANH, further solidifying its leadership in Colombia's energy sector and laying a foundation for future growth.
See More
Ecopetrol Board Appointments Announced
- Board Appointments: Ecopetrol's board meeting on February 18-19, 2026, elected Ángela María Robledo Gómez as chairwoman and Hildebrando Vélez Galeano as vice chairman, indicating significant governance changes aimed at enhancing decision-making efficiency and strategic execution.
- Audit and Risk Committee: Ricardo Rodríguez Yee was appointed chair of the Audit and Risk Committee, with members including Ángela María Robledo Gómez and Luis Felipe Henao Cardona, thereby strengthening the company's capabilities in risk management and compliance to tackle future market challenges.
- New Members Joining: Ecopetrol welcomes new board members Carolina Arias Hurtado, Juan Gonzalo Castaño Valderrama, and Cesar Eduardo Loza Arenas, who are expected to bring fresh perspectives and expertise, aiding the company in maintaining competitiveness in a complex energy market.
- Company Background: As Colombia's largest company, Ecopetrol accounts for over 60% of domestic hydrocarbon production and holds significant positions in energy transmission and oil exploration across the Americas, positioning itself for continued expansion and diversification in international markets.
See More
Ecopetrol Implements Compliance Measures for Shareholders' Meeting
- Compliance Measures for Meeting: Ecopetrol plans to hold an Extraordinary Shareholders' Meeting on March 27, 2026, to ensure adequate representation of shareholders, emphasizing that proxies must meet legal requirements, thereby enhancing shareholder trust in corporate governance.
- Proxy Requirements Clarified: The company will instruct designated personnel to verify shareholder proxies, rejecting those that do not meet minimum legal standards, ensuring the legality and transparency of the meeting, which in turn is expected to boost shareholder participation.
- Management Conduct Guidelines: Ecopetrol reminds its managers and employees not to interfere with the nomination and voting of shareholder proxies, ensuring the independence and fairness of corporate governance, thus maintaining the company's reputation.
- Legal Compliance Responsibility: The company designates the Corporate Legal Vice Presidency and General Secretariat to review and verify the compliance of proxies, ensuring all proxies meet regulations, further strengthening the corporate governance structure.
See More
Ecopetrol to Hold Extraordinary Shareholders' Meeting
- Shareholders' Meeting Plans: Ecopetrol is set to hold an Extraordinary Shareholders' Meeting on March 27, 2026, to ensure adequate shareholder representation, complying with the Financial Superintendence of Colombia's legal requirements.
- Company Scale and Impact: As the largest company in Colombia, Ecopetrol accounts for over 60% of hydrocarbon production and employs more than 19,000 people, significantly influencing the nation's energy supply and economic development.
- Strategic Acquisition: The acquisition of 51.4% of ISA's shares enhances Ecopetrol's capabilities in energy transmission and real-time systems management while participating in the Barranquilla-Cartagena coastal highway concession, further expanding its business scope.
- International Business Expansion: Ecopetrol conducts drilling and exploration in strategic basins in the U.S., Brazil, and Mexico, and through ISA and its subsidiaries, holds leading positions in power transmission in Brazil, Chile, Peru, and Bolivia, demonstrating its commitment to international growth.
See More
Ecopetrol Board Elects New Leadership
- New Board Leadership: Ecopetrol's board elected Ángela María Robledo Gómez as chairwoman and Hildebrando Vélez Galeano as vice chairman during meetings on February 18-19, 2026, indicating significant governance changes aimed at enhancing decision-making efficiency and strategic direction.
- Committee Appointments: The newly elected board appointed members to various committees, including the Audit and Risk Committee, Business Committee, and Corporate Governance and Sustainability Committee, which aims to strengthen the company's professional management and risk control capabilities across different sectors, thereby enhancing overall operational efficiency.
- Acknowledgment of Former Vice Chairman: Ecopetrol expressed gratitude to former vice chairman Álvaro Torres Macías for his outstanding contributions during his tenure, reflecting the company's commitment to valuing and preserving strong leadership, which is intended to provide a solid foundation for the new leadership team.
- Company Scale and Market Position: As the largest company in Colombia, Ecopetrol is responsible for over 60% of the country's hydrocarbon production and holds a significant position in the energy market across the Americas, with plans to further solidify its market leadership through acquisitions and strategic investments.
See More
Ecopetrol Reports 2.7% Increase in Proven Reserves for 2025
- Significant Reserves Growth: As of the end of 2025, Ecopetrol's proven reserves reached 1,944 million barrels of oil equivalent, reflecting a 2.7% increase from 2024, demonstrating the company's effective resource management and successful sustainability strategy.
- Record Replacement Ratio: The reserves replacement ratio for 2025 was 121%, with contributions of 300 million barrels primarily from enhanced recovery projects in the Castilla, Chichimene, and Akacias fields, indicating the company's outstanding performance in asset efficiency.
- Market Environment Challenges: Despite a 13.9% decline in the 2025 Brent reference price to $68.64 per barrel compared to 2024, Ecopetrol achieved its highest reserves replacement ratio, showcasing its resilience and adaptability under adverse market conditions.
- Strategic Investment Expansion: Ecopetrol accounts for over 60% of Colombia's energy production and has strengthened its market position in energy transmission and highway concessions by acquiring 51.4% of ISA's shares, enhancing its profile as a leading integrated energy company in the Americas.
See More
Ecopetrol Reports Record Proven Reserves in 2025
- Record Reserves: As of the end of 2025, Ecopetrol's proven reserves reached 1,944 million barrels of oil equivalent (mmboe), reflecting a 2.7% increase from 2024, showcasing the company's exceptional resource management and effective sustainability strategy.
- Increased Replacement Ratio: The reserves replacement ratio hit 121% in 2025, primarily driven by enhanced recovery projects in the Castilla, Chichimene, and Akacias fields, indicating the company's success in improving asset efficiency and value.
- Optimized Operational Management: By enhancing operational management in the Rubiales and La Cira–Infantas fields, Ecopetrol not only improved production efficiency but also strengthened its position in the competitive energy market.
- Strategic Investment Returns: Ecopetrol secured 95.8 mmboe in crude oil royalties through contracts with ANH, further solidifying its leadership in Colombia's energy sector and laying a foundation for future growth.
See More
Ecopetrol Board Appointments Announced
- Board Appointments: Ecopetrol's board meeting on February 18-19, 2026, elected Ángela María Robledo Gómez as chairwoman and Hildebrando Vélez Galeano as vice chairman, indicating significant governance changes aimed at enhancing decision-making efficiency and strategic execution.
- Audit and Risk Committee: Ricardo Rodríguez Yee was appointed chair of the Audit and Risk Committee, with members including Ángela María Robledo Gómez and Luis Felipe Henao Cardona, thereby strengthening the company's capabilities in risk management and compliance to tackle future market challenges.
- New Members Joining: Ecopetrol welcomes new board members Carolina Arias Hurtado, Juan Gonzalo Castaño Valderrama, and Cesar Eduardo Loza Arenas, who are expected to bring fresh perspectives and expertise, aiding the company in maintaining competitiveness in a complex energy market.
- Company Background: As Colombia's largest company, Ecopetrol accounts for over 60% of domestic hydrocarbon production and holds significant positions in energy transmission and oil exploration across the Americas, positioning itself for continued expansion and diversification in international markets.
See More
