EC 📈 Ecopetrol SA ADR - Overview

Ecopetrol SA, a multinational energy company, operates across a diverse range of sectors, including oil and gas exploration and production, transportation, refining, and electric power transmission. The company's operations are organized into four primary segments: Exploration and Production, Transport and Logistics, Refining, Petrochemical and Biofuels, and Electric Power Transmission and Toll Roads Concessions. This integrated approach enables Ecopetrol to leverage its expertise and resources across the entire energy value chain, from upstream exploration to downstream refining and distribution.

Through its Exploration and Production segment, Ecopetrol engages in the discovery and extraction of oil and gas reserves, utilizing advanced technologies and techniques to optimize recovery rates and minimize environmental impact. The company's Transport and Logistics segment is responsible for the transportation of crude oil, refined products, and other petroleum-based commodities, utilizing a network of pipelines, terminals, and other infrastructure. As of December 31, 2022, Ecopetrol operated approximately 9,127 kilometers of crude oil and multi-purpose pipelines, facilitating the efficient movement of energy products across the region.

In addition to its core energy operations, Ecopetrol also produces and commercializes a range of petrochemical products, including polypropylene resins and compounds, and masterbatches. These products are used in a variety of industrial applications, from packaging and construction to automotive and consumer goods. The company's Refining, Petrochemical and Biofuels segment is also involved in the processing and refining of crude oil, as well as the production of biofuels and other renewable energy sources. Furthermore, Ecopetrol offers a range of specialized services, including industrial service sales, management services, and information technology and telecommunications services, to support its customers and partners across the energy value chain.

Ecopetrol's operations are geographically diverse, with activities in Colombia, the United States, Asia, Central America and the Caribbean, Europe, and South America. The company was founded in 1948 as Empresa Colombiana de Petróleos and was renamed Ecopetrol SA in June 2003. Today, Ecopetrol is headquartered in Bogotá, Colombia, and is listed on the New York Stock Exchange (NYSE) under the ticker symbol EC. With a strong commitment to sustainability, safety, and social responsibility, Ecopetrol is positioned for long-term success in the global energy market. For more information, please visit the company's website at https://www.ecopetrol.com.co, or review its financial and operational data, including its ISIN (US2791581091) and GICS Sub Industry classification as an Integrated Oil & Gas company.