Ecopetrol Reports Strong 2024 Financial Performance

Ecopetrol ( (EC) ) has released its Q4 earnings. Here is a breakdown of the information Ecopetrol presented to its investors.

Ecopetrol, a leading integrated oil and gas company based in Colombia, operates across the hydrocarbon, energy transition, and infrastructure sectors, focusing on sustainable value creation for its shareholders. In 2024, Ecopetrol reported strong financial results with revenues of COP 133.3 trillion and a net income of COP 14.9 trillion, despite facing external challenges such as lower oil prices and inflation. The company achieved significant operational efficiencies, resulting in historic optimizations worth COP 5.3 trillion, and maintained a robust EBITDA margin of 41%. Key achievements included a 104% reserve replacement ratio, increased production levels, and strategic acquisitions, notably becoming the sole owner of the CPO-09 field. Ecopetrol also made substantial investments in energy transition projects, including the expansion of green hydrogen production capacity. Looking ahead, Ecopetrol plans to continue enhancing shareholder value through disciplined capital management and strengthening its traditional and transitional energy businesses, supported by solid corporate governance.