Ecopetrol

Colombia's state oil company, Ecopetrol, reported a 235% increase in quarterly profit to US$1.88 billion in Q2 2026, driven by an average Brent price of $96.70 due to Middle East tensions.

Colombia's COLCAP fell 0.31% on August 3, 2026, with the peso weakening 0.37% against the dollar as a 6% decline in Brent crude prices negatively impacted Ecopetrol. The market and currency declines were attributed to the drop in oil prices.

The USO oil fund increased 1.33% to $129.17. Petrobras and YPF rose by 1.46% and 0.75%, respectively, while Ecopetrol declined 1.58%, marking the sole regional loss.

Ricardo Roa left Ecopetrol’s presidency on July 30, 2026, after returning from leave on July 27. Juan Carlos Hurtado Parra became acting president on July 31, and Luis Felipe Henao Cardona was named the new board chair. The CEO’s exit is linked to a graft probe.

Mexico sets export records but faces an 86% profit drop from Herdez. Chile celebrates a port development after 12 years, and Colombia's Ecopetrol undergoes leadership changes.

Colombia's state-controlled oil company Ecopetrol has appointed Luis Felipe Henao Cardona as the new chairman of its board of directors. The appointment places a known critic of the current administration at the helm of the country's most valuable enterprise.

Grupo Energía Bogotá (GEB) has bid US$4.5 billion for a 51.4% controlling stake in Interconexión Eléctrica S.A. (ISA), Colombia’s leading power transmission company, from Ecopetrol, the state-controlled oil and gas firm that acquired the stake in 2021.

The COLCAP index declined 0.38% on Friday, while the Colombian peso remained stable near 3,217. Ecopetrol's performance tracked crude-oil weakness in a cautious pre-weekend market session.

Brava Energia's board recommended shareholders accept Ecopetrol's $534 million tender offer on July 24, 2026, with the auction scheduled for August 5.

The COLCAP index declined 0.38% while the Colombian peso strengthened slightly, with oil price pressures counterbalancing demand for rate-haven assets. Ecopetrol was a leading performer during the session.

Colombia's COLCAP index fell 0.60% as oil prices declined, with Ecopetrol leading the market downturn. The peso strengthened slightly amid thin trading conditions.

Oil prices rose as USO tracked higher WTI, boosting companies like Petrobras, YPF, and Ecopetrol. Latin America's major oil-producing regions face challenges from political factors, capital expenditure, and U.S. demand.

Oil prices advanced, with Latin American producers Petrobras, Ecopetrol, and YPF closing higher. The rise is attributed to Brazil's pre-salt, Guyana's boom, and Argentina's Vaca Muerta developments.

Oil prices rose with USO up 1.25% tracking WTI. Petrobras, YPF, and Guyana's production were highlighted, while Ecopetrol's decline showed Latin America's varied oil market.

Colombia's COLCAP rose 0.58% led by Ecopetrol, while the peso weakened 0.09% against the dollar in a mixed Latin American market session.

Colombia's COLCAP fell 0.29% on Friday due to a stronger peso, which negatively impacted Ecopetrol. The peso's strength pressured the market, leading to the decline in the COLCAP index.

Colombia's COLCAP decreased by 0.39% to 2,298.73 on July 14, 2026, influenced by softer oil prices and the performance of Ecopetrol. The article was first published on The Rio Times.

Colombia's incoming government has filed criminal complaints against the outgoing one regarding contracts at Ecopetrol's Cenit unit and the national land agency.

Ecopetrol's Brazil takeover is stalled as its appeal over minority shareholder payments is sent to Brazil's securities regulator's full board, keeping the offer frozen. Brava informed the market about the regulatory escalation.

Colombia's COLCAP closed flat at 2,295.85 on July 7 as Bancolombia's gain offset a slipping Ecopetrol, while the peso held near 3,349 per dollar.

COLCAP declined 0.25% to 2,290 on July 6, 2026, driven by an 8.5% drop in Ecopetrol and a decline in Bancolombia's Cibest due to weaker oil prices and pre-CPI data uncertainty.

Colombia's COLCAP index fell 0.41% as Ecopetrol dropped over 5%, while ETB rose nearly 16% to a one-year high. The market decline was driven by Ecopetrol's performance despite ETB's gains.

Ecopetrol lost billions in potential value after Petro blocked a 2024 Permian deal. Colombia's incoming government is now reconsidering the decision.

Colombia’s first Pacific-coast gas import terminal is set to start operations on November 1, delivering 60 million cubic feet of imported gas daily to state oil company Ecopetrol, with additional flows expected in December. The terminal will operate through the port of Buenaventura, marking a significant energy infrastructure development.

Nineteen oil companies, including Spain's Repsol and Colombia's Ecopetrol, have been approved to bid in Brazil's upcoming pre-salt hydrocarbon license auction. The National Agency for Petroleum, Natural Gas and Biofuels (ANP) announced the list of qualified firms in the Official Gazette.

Colombia's stock market rose 1.09% to 2,286 as the election overhang lifted following the resolution of a contested runoff. The rebound offset part of a post-election decline, though falling oil prices negatively impacted Ecopetrol.

Bank of America maintains an underperform rating on Ecopetrol, with a price target suggesting a potential 28% decline from June 23. The analysis follows the election win of Abelardo De La Espriella, while shares had previously risen about 70% over the past year.

Brazil’s market regulator has suspended Colombia’s Ecopetrol’s takeover of oil producer Brava Energia. The regulator ordered changes to the offer, prompting Ecopetrol to appeal the ruling. Ecopetrol offered $4.50 per share to gain majority control of the company.

Colombia’s state-controlled oil company, Ecopetrol, is moving to take control of Brazilian producer Brava Energia by aiming for a 51% stake in voting shares through a tender offer on Brazil’s stock exchange.

Ecopetrol, Colombia's state oil giant, has reached a six-year deal with its main union, ending a strike threat. The agreement resolves potential labor disruptions at the country's top revenue source.

The Global X MSCI Colombia ETF (GXG) on the NYSE offers broad exposure to Colombia without requiring a local account. Ecopetrol, Bancolombia, and Grupo Aval trade as ADRs in New York. The COLCAP index reached record highs in 2026.

Colombia's COLCAP stock market rose 2.71% to 2,252, driven by steady oil prices and Ecopetrol's leadership in a recovering Latin America.

The Colombian Peso rose sharply against the U.S. dollar following right-wing candidate Abelardo de la Espriella's lead in the presidential election. De la Espriella, a pro-business supporter of Donald Trump, will face socialist Iván Cepeda in a June 21 runoff. Ecopetrol shares increased 10.13% amid the market reaction.