Last $17.74 USD
Change Today -0.22 / -1.22%
Volume 427.8K
EC On Other Exchanges
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As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

ecopetrol sa-sponsored adr (EC) Snapshot

Open
$17.83
Previous Close
$17.96
Day High
$18.03
Day Low
$17.53
52 Week High
04/4/14 - $41.48
52 Week Low
12/16/14 - $14.17
Market Cap
36.5B
Average Volume 10 Days
1.4M
EPS TTM
--
Shares Outstanding
2.1B
EX-Date
04/22/14
P/E TM
--
Dividend
$2.67
Dividend Yield
15.04%
Current Stock Chart for ECOPETROL SA-SPONSORED ADR (EC)

ecopetrol sa-sponsored adr (EC) Related Businessweek News

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ecopetrol sa-sponsored adr (EC) Details

Ecopetrol S.A., an integrated oil company, is engaged in the exploration, development, and production of crude oil and natural gas primarily in Colombia, Peru, Brazil, and the United States Gulf Coast. The company operates through three segments: Exploration and Production, Refining and Petrochemicals, and Transportation and Logistics. It also owns and operates refineries that produce various refined products, including gasoline, diesel fuel, kerosene, jet fuel, aviation fuel, liquefied petroleum gas, sulfur, and heavy fuel oils; and petrochemicals and industrial products comprising paraffin waxes, lube base oils, low-density polyethylene, aromatics, asphalts, alkylates, cyclohexane, and aliphatic solvents, as well as refinery grade propylene. In addition, the company markets various refined and feed-stock products, including regular and high octane gasoline, diesel fuel, jet fuel, natural gas, and petrochemical products. Further, it is involved in the transportation of crude oil, motor fuels, fuel oil, and other refined products, such as diesel and bio fuels. As of December 31, 2013, the company had proved reserves of crude oil and natural gas totaled 1,971.9 million barrels of oil equivalent; and a network of approximately 6,746 kilometers in length for the transportation of refined products to wholesale distribution points. The company was formerly known as Empresa Colombiana de Petróleos and changed its name to Ecopetrol S.A. in June 2003. Ecopetrol S.A. was founded in 1948 and is based in Bogotá, Colombia.

Founded in 1948

ecopetrol sa-sponsored adr (EC) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

ecopetrol sa-sponsored adr (EC) Key Developments

Ecopetrol Wins 27 Onshore Tanker Deals Worth COP 2 Trillion

Ecopetrol has awarded 27 onshore tanker deals worth COP 2 trillion ($855 million). The contracts, which will have a three-year term, were signed after an open process accompanied by the attorney general office.

Ecopetrol Opens New Piedecuesta Laboratory

Ecopetrol has opened a 540m2 laboratory for research into improved hydrocarbon recovery techniques. Located in Piedecuesta, in Santander department, the facility will be used for in situ air or fuel combustion experiments. The facility is in Latin America, and will simulate oil field-drilling conditions during production and exploration. In addition, the fully automated laboratory will enable testing to establish the key parameters for risk prevention during in situ oil extraction.

Ecopetrol S.A. Announces 2015 Investment Plan to Maintain Production with Greater Cost Efficiency

Ecopetrol S.A. reported that its Board of Directors has approved an investment plan for 2015 of $7.86 billion. The 2015 investments aim to achieve production of crude and gas amounting to around 760,000 barrels per day of petroleum equivalent (kBOED) as an annual average for the Group, of which 710,000 barrels are accounted for by Ecopetrol S.A. The investments approved for 2015 are in line with the new, long-term corporate strategy (2030) which is currently being developed, focused on generating value and sustainability. The investments are consistent with the current situation of oil prices in the international market. Ecopetrol has revised its portfolio of growth projects and implemented a strict process for reducing operating costs, prioritizing strategic investments that maximize value for shareholders. The plan for reducing operating costs and expenses stands at $3.56 billion, without prejudice to any additional optimizations under consideration by the Board of Directors. Of the $7.86 billion total investment approved for the Group, $4.11 billion will be invested directly in projects of Ecopetrol S.A. and $3.75 billion in projects of affiliates and subsidiaries. 92% of the investments will be made in Colombia and the remaining 8% will be made abroad through affiliated companies. The predominant percentage of funds will be allocated towards production, the completion of the modernization of the Cartagena refinery, and strengthening of transportation capacity.

 

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Price/Cash Flow 5.3x
TEV/Sales 0.3x
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