The latest update is out from Ecopetrol SA ( (EC) ).
Ecopetrol S.A. reported strong financial and operational performance for 2024, achieving a record production level of 746 kboed and a reserve replacement ratio of 104%. The company registered revenues of COP 133.3 trillion and a net income of COP 14.9 trillion, despite facing lower prices and external challenges. The company also highlighted its strategic expansion in the hydrocarbons sector, including becoming the sole owner of the CPO-09 field and extending its Joint Venture in the Permian. Additionally, Ecopetrol made significant strides in energy transition initiatives, including the approval of Phase III of the Coral project for green hydrogen production. These achievements underscore Ecopetrol’s robust positioning in the industry and its commitment to sustainable growth and shareholder value.
More about Ecopetrol SA
Ecopetrol S.A. is a Colombian company operating in the oil and gas industry, focusing on the exploration, production, and transportation of hydrocarbons. It is a significant player in the energy sector with a market focus on both domestic and international markets.
YTD Price Performance: 20.19%
Average Trading Volume: 2,571,151
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $20.41B
For a thorough assessment of EC stock, go to TipRanks’ Stock Analysis page.
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