Ecopetrol S.A. - ADR (E1CO34)

Overview

Ecopetrol S.A. is an integrated energy company with a substantial footprint in the exploration and production of oil and gas. It also plays a significant role in the transportation and logistics of crude oil and its derivatives, alongside engaging in refining, petrochemical, and biofuels production. Additionally, Ecopetrol is involved in electric power transmission and operates toll roads concessions. The company’s diverse operations extend beyond its base in Colombia to several international markets including the United States, Asia, Central America and the Caribbean, Europe, and South America. Initially established as Empresa Colombiana de Petróleos, it underwent a rebranding to Ecopetrol S.A. in June 2003 and has been operating since 1948 with its headquarters located in Bogotá, Colombia.

Products and Services

• Exploration and Production:
  

  Ecopetrol S.A. is intensively involved in the exploration and production activities for oil and gas, ensuring a consistent supply of raw materials for its diverse range of operations and products. This segment is critical for the company's upstream activities.

• Transport and Logistics:
  

  The company ensures the movement of crude oil, motor fuels, fuel oil, and other refined products including diesel and jet, as well as biofuels. With approximately 9,127 kilometers of crude oil and multipurpose pipelines as of December 31, 2022, Ecopetrol S.A. supports a robust infrastructure for transporting energy resources efficiently.

• Refining, Petrochemical and Biofuels:
  

  At its core, the company engages in processing and refining crude oil into a variety of petrochemical products, fuel oils, and biofuels. This includes the production and commercialization of polypropylene resins and compounds, and masterbatches.

• Electric Power Transmission and Toll Roads Concessions:
  

  Beyond its primary focus on oil and gas, Ecopetrol S.A. extends its services to supplying electric power transmission and operating toll road concessions. This diversification indicates the company's involvement in infrastructure development and maintenance.

• Natural Gas and LPG Distribution:
  

  Ecopetrol S.A. also distributes natural gas and LPG, catering to the demand for these energy sources in its operational territories. This segment ensures the provision of essential energy supplies to a wide range of customers.

• Sale of Refined and Petrochemical Products:
  

  The company plays a pivotal role in the downstream sector, selling refined petrochemical products derived from its refining processes. This encompasses a vast array of products essential for industrial and consumer applications.

• Information Technology and Telecommunications Services:
  

  In addition to its core operations in the energy sector, Ecopetrol S.A. offers information technology and telecommunications services. This highlights the company's versatility and its efforts to cater to the digital and communication needs of its clients.

• Industrial Service Sales and Specialized Management Services:
  

  Ecopetrol S.A. provides industrial service sales to its customers, along with specialized management services, ensuring that client needs are met comprehensively and efficiently across a broad spectrum of industries.