EC's board approves additional debt funding worth $2 billion, which includes $1 billion in structural debt. Further, $1 billion has been authorized as a temporary measure.
Ecopetrol S.A. (NYSE:EC ) Q4 2024 Earnings Conference Call March 5, 2024 9:00 AM ET Company Participants Ricardo Roa - President and Chief Executive Officer Rafael Guzman - Executive Vice President of Hydrocarbons David Riano - Executive Vice President of Transition Energy Camilo Barco - Chief Financial Officer Julián Lemos - Vice President, Strategy and New Businesses Julio Herrera - Vice President of Commercial and Marketing Sandra Rodríguez - Corporate Vice President of Territorial Conference Call Participants Daniel Guardiola - BTG Pactual Victor Modanese - UBS Andrés Cardona - Citibank Andrés Duarte - Corficolombiana Ricardo Sandoval - Bancolombia Operator Good morning.
Colombia's majority state-owned oil producer Ecopetrol is planning to raise up to $2 billion in additional debt this year to fund investments, and would consider seeking funds from banks and capital markets, a top official said on Wednesday.
Ecopetrol (EC) concluded the recent trading session at $10.12, signifying a -1.36% move from its prior day's close.
Ecopetrol (EC) closed the most recent trading day at $10.94, moving +0.27% from the previous trading session.
Ecopetrol (EC) closed at $10.91 in the latest trading session, marking a +0.74% move from the prior day.
Colombian energy company Ecopetrol said on Monday it has reached an agreement to renew its oil joint venture with Occidental Petroleum in the U.S. Permian basin in Texas.
Ecopetrol (EC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Zacks.com users have recently been watching Ecopetrol (EC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
EC states that the investment budget focuses on maintaining the production levels between 740,000-745,000 boe/d and refinery volumes between 415,000-420,000 bpd.
PBR and Ecopetrol unveil Colombia's largest-ever natural gas reserve at the Sirius-2 well, marking a turning point for the country's energy sector.
EC states that the production of green hydrogen is projected to contribute $400-$485 million to its EBITDA annually by 2040.