Turmoil at Colombia's Ecopetrol raises profit fears ahead of US investment decision [Yahoo! Finance]
Ecopetrol S.A. American Depositary Shares (EC)
US:NYSE Investor Relations:
ecopetrol.com.co/wps/portal/web_es/ecopetrol-web/corporate-responsibility/sustainability/bank-of-best-practices/investors
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Source: Yahoo! Finance
BARRANCABERMEJA, Colombia (Reuters) - Alleged interference by Colombian President Gustavo Petro in majority state-owned Ecopetrol and purges of hundreds of staff to make way for pro-government replacements are fueling fears about the energy company's future profits and contributions to the economy. The worries, according to interviews with workers, ex-employees, a former board member and analysts, come ahead of a March deadline for Ecopetrol to renew - or end - its joint oil venture with Occidental Petroleum in Texas. Petro halted a separate $3.6-billion deal with Occidental to buy 30% of shale producer CrownRock in August, because of his opposition to fracking and fears about the company taking on more debt, according to two former Ecopetrol board members who resigned over the decision. The leftist president has said he wants to increase Colombia's use of renewable energy and lessen its reliance on fossil fuels. Ecopetrol, Colombia's largest company, has let go hundreds of sta
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News
- Ecopetrol announces changes in senior management and the appointment of a legal representative [Yahoo! Finance]Yahoo! Finance
- Ecopetrol announces changes in senior management and the appointment of a legal representativePR Newswire
- Parex Resources Announces Enhanced Strategic Partnership with Ecopetrol and Provides Operational Update [Yahoo! Finance]Yahoo! Finance
- Ecopetrol Plans to Build Latin America's Largest Green Hydrogen Plant [Yahoo! Finance]Yahoo! Finance
- The Ecopetrol Group is expected to invest between 24 and 28 trillion pesos in 2025 [Yahoo! Finance]Yahoo! Finance
EC
Sec Filings
- 12/16/24 - Form 6-K
- 12/2/24 - Form 6-K
- 12/2/24 - Form 6-K
- EC's page on the SEC website