Ecopetrol S.A. (NYSE: EC) is Colombia’s largest integrated oil company and one of the leading petroleum players in Latin America. Founded in 1951 to manage the nation’s hydrocarbon resources, Ecopetrol has evolved into a fully integrated energy provider with operations spanning the entire value chain. The company’s core business involves exploration and production of crude oil and natural gas, alongside refining, marketing and transportation of petroleum products.
In its upstream segment, Ecopetrol pursues exploration projects both onshore and offshore, leveraging seismic studies and modern drilling techniques to develop reserves in fields such as Rubiales and Castilla. The downstream division encompasses refining operations at the Barrancabermeja and Cartagena refineries, where a broad slate of refined products—including gasoline, diesel, jet fuel and petrochemicals—is produced. Ecopetrol also operates pipelines and storage terminals, providing midstream services that ensure reliable movement of crude, refined products and natural gas within Colombia and to export markets.
While the company’s domestic footprint remains its primary focus, Ecopetrol has expanded internationally through participation in exploration blocks and service agreements in Brazil, the United States (Gulf of Mexico), Mexico, Peru, and Guatemala. These strategic ventures enhance Ecopetrol’s ability to diversify risk, access new reservoirs and apply technical expertise across varied geological settings. The company also invests in research and development of enhanced oil recovery methods, carbon management initiatives and renewable energy pilot projects.
As a publicly traded entity with the Republic of Colombia as its principal shareholder, Ecopetrol is governed by a board of directors appointed by the government and independent stakeholders. The executive team, led by the company’s president and CEO, oversees a workforce of more than 20,000 employees and contractors. Under its current leadership, Ecopetrol continues to pursue operational excellence, cost optimization and sustainability targets, aiming to balance growth in hydrocarbon production with environmental stewardship and social responsibility.
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