- Ecopetrol (EC, Financial) releases its 2024 year-end report focusing on social and environmental matters.
- The company controls over 60% of Colombia's hydrocarbon production and leads in petrochemicals and gas distribution.
- Ecopetrol holds a 51.4% stake in ISA, enhancing its investments in energy transmission and infrastructure.
Ecopetrol S.A. (EC) has published its periodic year-end report for 2024, with a strong focus on the company's social and environmental initiatives, including climate-related issues. This report complies with the External Circulars 012 of 2022 and 031 of 2021 as issued by Colombia's Financial Superintendence. The company's commitment to sustainable practices highlights its strategic positioning in the energy sector.
As Colombia's leading energy company, Ecopetrol controls more than 60% of the nation's hydrocarbon production. The company maintains a dominant position in the petrochemicals and gas distribution sectors. Ecopetrol's strategic acquisition of a 51.4% stake in Interconexion Electrica S.A. (ISA) has diversified its interests into energy transmission and infrastructure projects, reinforcing its presence in Latin America's energy market.
Internationally, Ecopetrol has expanded its operations across strategic American basins, including the US Permian basin, Gulf of Mexico, Brazil, and Mexico. Through ISA and its subsidiaries, Ecopetrol is significantly positioned in the power transmission business throughout Brazil, Chile, Peru, and Bolivia. Additionally, the company has interests in Chilean road concessions and the telecommunications sector.
The release of the year-end report underscores Ecopetrol's commitment to transparency with stakeholders and solidifies its dominance in the energy industry, both locally and internationally. The document can be accessed on Ecopetrol's website for further details about the company practices, financial metrics, and strategic growth plan.
