Last $3,160 COP
Change Today -20.00 / -0.63%
Volume 6.1M
ECOPETL On Other Exchanges
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As of 11:04 AM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

ecopetrol sa (ECOPETL) Snapshot

Open
$3,160
Previous Close
$3,180
Day High
$3,210
Day Low
$3,150
52 Week High
10/21/13 - $4,570
52 Week Low
07/10/14 - $3,100
Market Cap
129.9T
Average Volume 10 Days
6.3M
EPS TTM
$300.66
Shares Outstanding
41.1B
EX-Date
04/22/14
P/E TM
10.5x
Dividend
$227.00
Dividend Yield
8.24%
Current Stock Chart for ECOPETROL SA (ECOPETL)

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ecopetrol sa (ECOPETL) 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 (ECOPETL) Top Compensated Officers

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Executives, Board Directors

ecopetrol sa (ECOPETL) Key Developments

Colombia Oil Auction Draws Bids For 26 of 95 Blocks

Colombian government dree bids for 26 of 95 blocks at its 2014 oil round. Statoil ASA (OB:STL) along with Repsol, S.A. (CATS:REP) and Exxon Mobil Corporation (NYSE:XOM) entered into Colombia with a one-third stake in the Col 4 offshore. Anadarko Petroleum Corporation (NYSE:APC) will explore an area equivalent to 32,000 square kilometers, roughly the total area explored in Colombia in a typical year as per Javier Betancourt, President of National Hydrocarbons Agency. Ecopetrol SA (BVC:ECOPETROL) was the highest bidder for five blocks, one in partnership with Royal Dutch Shell plc (ENXTAM:RDSA). Parex Resources Inc. (TSX:PXT) was the highest bidder for the only one of 18 non-conventional, or shale, areas that was auctioned off. A total of 19 companies were bidding for the blocks. The definitive list of winning bids and awarding of rights will take place on August 11, 2014 as per National Hydrocarbons Agency, once offers have been certified in conformity with the government's criteria. A preliminary list of eligible bids will be issued on July 31, 2014.

Ecopetrol and Unions File Collective Labor Agreement Claim

Ecopetrol reports that Ecopetrol and labor unions filed the Collective Labor Agreement claim in the Ministry of Labor. This action stems from the June 30, 2014 expiration of the Collective Labor Agreement, signed in 2009 and in effect for five-years, which benefits Ecopetrol's direct employees. As prescribed by law, the parties to the agreement have the right to express their intent to modify it by means of a claim. If a list of demands is presented by the unions, the company and labor unions must initiate talks for a new Collective Labor Agreement. The claim filed by Ecopetrol aims to update content to reflect the company's growth and future prospects, as well as make adjustments to create a simpler and more up-to-date text that achieves greater clarity and ease of application within the legal framework. Ecopetrol urges the use of dialogue and cooperation as a means to strengthen the company for the benefit of its workers, labor unions and the country.

Ecopetrol and Petrominerales Launch Colombian Water Injection Plant

Ecopetrol SA launched a water injection plant in southwest Huila department, in partnership with Pacific Rubiales unit Petrominerales. The $12.8 million plant is located on the Dina Terciarios field in the Upper Magdalena basin and has a 20,000b/d nominal water injection capacity. Water injection will help maintain Dina Terciarios' well pressure and recovery rates. The plant will also provide a way to handle produced well water, eliminating the need for aboveground storage facilities.

 

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