Ecopetrol ADR

Ecopetrol implements requirements for shareholder representation for the extraordinary general meeting on 15 September 2026, following Supervisory Guideline C.E. 006 of 2025. The company provides information on representation rights, defines the legal minimum requirements for proxies and instructs verification staff to reject incomplete or unclearly designated proxies. Executives and employees are prohibited from proposing proxies to shareholders, giving voting recommendations or coordinating voting behavior; proxies linked to company management will not be accepted. The legal department and the general secretariat oversee the review and verification of proxies. » Mere på de.investing.com

Ecopetrol has completed the acquisition of roughly 51% of the voting shares of Brava Energia for $1.2 billion. Ecopetrol Investimentos do Brasil purchased about 25% of the shares via a voluntary takeover offer and a further roughly 26% via a share purchase agreement; financing was provided through an intercompany loan from Ecopetrol Capital AG. As of 31.12.2025 Brava reported proved reserves of about 459 million barrels of oil equivalent and proved plus probable reserves of about 605 million barrels; average daily production in the six months to 30.06.2026 was about 78,800 barrels of oil equivalent. For the twelve months to 30.06.2026 Brava reported unaudited revenues of about $2.341 billion, EBITDA of about $1.050 billion and net income of about $122.2 million; the transaction equates to roughly $8.4 per barrel (proved) or $6.3 per barrel (proved plus probable). Ecopetrol plans a conference call on 25 August 2026 to discuss details. » Mere på de.investing.com

Ecopetrol’s Brazilian subsidiary acquired 116,110,717 ordinary shares of Brava Energia at R$23.00 each, representing about 25% of the share capital. Settlement and payment of the shares are scheduled for 17 August 2026. On the same day, a further share purchase agreement with shareholders for around 26% is to be concluded to reach a controlling stake of roughly 51%. For financing, Ecopetrol used a short-term credit facility through Ecopetrol Capital AG and plans to refinance with long-term debt and equity. » Mere på de.investing.com

Ecopetrol reported Q2 2026 revenue of 40.2 trillion COP and net income of 6.1 trillion COP, both well above expectations. EBITDA rose 59% to 17.7 trillion COP and the EBITDA margin climbed to 44%. The refining business contributed significantly with record-high throughput, while free cash flow and liquidity remained solid. The stock nevertheless slid about 2.7% in after-hours trading as investors weigh future political, production and financial risks against the strong quarter. » Mere på de.investing.com

Ecopetrol’s Brazilian subsidiary, following feedback from the Brazilian regulator, has resumed a revised voluntary takeover offer for 116,110,717 common shares of Brava Energia (about 25% of the share capital). The offer period is expected to run until August 5, 2026, when an auction is scheduled to take place; the transaction remains subject to regulatory reviews and suspensive conditions. Ecopetrol is a large Latin American energy company with significant production in multiple countries and a high market capitalization. » Mere på de.investing.com