Business description: Ecopetrol S.A.

Ecopetrol S.A. is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company's segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company's Exploration and Production segment includes exploration, development and production activities in Colombia and abroad. The Company's Transportation and Logistics segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products, including diesel and biofuels. The Company's main crude oil pipeline systems' operating capacity is approximately 1.34 million barrels per day (BPD). The Company's main refineries are the Barrancabermeja refinery, which it directly owns and operates, and a refinery in the Free Trade Zone in Cartagena that is operated by Reficar S.A., a subsidiary of the Company. The Company also owns and operates two other minor refineries: Orito and Apiay.

Number of employees: 18,903

Sales by Activity: Ecopetrol S.A.

Fiscal Period: December 2021 (COP) 2022 (COP) 2023 (COP) 2024 (COP) 2025 (COP)

Exploration and Production

63,249B 91,020B 81,404B 81,085B 71,052B

Refining and Petrochemical

50,976B 89,179B 82,148B 69,220B 64,699B

Power Transmission and Rail

4,113B 13,358B 14,168B 15,806B 16,033B

Transport and Logistics

12,158B 13,956B 15,510B 15,134B 15,337B

Eliminations

-38,616B -47,902B -50,151B -47,917B -47,427B

Geographical breakdown of sales: Ecopetrol S.A.

Fiscal Period: December 2021 (COP) 2022 (COP) 2023 (COP) 2024 (COP) 2025 (COP)

Colombia

44,822B 83,652B 71,745B 62,656B 58,038B

United States

16,025B 27,121B 24,992B 27,094B 42,627B

South America and Others

5,727B 13,610B 12,117B 16,209B 17,897B

Central America and The Caribbean

3,504B 9,841B 2,634B 410B 691B

Europe

1,448B 2,840B 2,750B 2,663B 423B

Asia

20,355B 22,548B 28,841B 24,296B 18B

Executive Committee: Ecopetrol S.A.

Manager TitleAgeSince
Chief Executive Officer - 06/04/2026
Director of Finance/CFO - -
Chief Tech/Sci/R&D Officer - 26/01/2025
Compliance Officer - 03/06/2025
Chief Administrative Officer - 01/09/2024

Composition of the Board of Directors: Ecopetrol S.A.

Director TitleAgeSince
Director/Board Member 46 23/10/2022
Chairman 72 14/10/2025
Director/Board Member 63 25/03/2024
Director/Board Member - 27/03/2025
Director/Board Member 46 27/03/2025
Director/Board Member - 27/03/2025
Director/Board Member - 27/03/2025
Director/Board Member - 14/01/2026
Director/Board Member - 18/02/2026

Shareholders: Ecopetrol S.A.

NameStocks%Valuation
Government of Colombia
88.49 %
36,384,788,417 88.49 % 25 695 M $
State Street Global Advisors Ltd.
0.001621 %
666,567 0.001621 % 470 730 $
Mercer Global Investments Europe Ltd.
0.000395 %
162,296 0.000395 % 114 613 $
State Street Global Advisors Ltd. (Canada)
0.000133 %
54,509 0.000133 % 38 494 $
0.000073 %
29,891 0.000073 % 21 109 $
NameStocks%Valuation
BlackRock Advisors LLC
0.1304 %
2,680,199 0.1304 % 38 M $
Two Sigma Investments LP
0.0901 %
1,853,290 0.0901 % 26 M $
Vanguard Fiduciary Trust Co.
0.0882 %
1,813,818 0.0882 % 26 M $
Charles Schwab Investment Management, Inc.
0.081 %
1,664,736 0.081 % 24 M $
Connor, Clark & Lunn Investment Management Ltd.
0.0753 %
1,548,879 0.0753 % 22 M $

Holdings: Ecopetrol S.A.

NameStocks%Valuation
569,472,56151.41% 4 872 M $

Company details: Ecopetrol S.A.

Ecopetrol SA

Carrera 13

110001, Bogota

+57 310 315 8600

http://www.ecopetrol.com.co
address Ecopetrol S.A.(ECOPETROL)

Group companies: Ecopetrol S.A.

NameCategory and Sector
Ecopetrol Permian LLC
Oil & Gas Production
Ecopetrol US Trading LLC
Oil Refining/Marketing
Integrated Oil

Other Oil & Gas Exploration and Production

Change 5-day change 1-year change 3-year change Capi.($)
+1.94%+3.14%+46.65%+21.19% 32.98B
+1.66%+5.20%+23.60%+7.77% 140B
+2.03%+3.93%+44.11%+66.72% 91.2B
+1.78%+4.32%+18.12%+17.87% 74.51B
+2.85%+6.63%+38.75%+44.34% 55.01B
+2.26%+3.72%+25.97%-7.47% 54.57B
+2.43%+4.93%+103.11%+76.02% 52.36B
+1.86%+3.79%+33.71%-10.40% 50.55B
+3.29%+4.85%+26.13%-15.25% 40.44B
+0.32%+1.45%-15.64%+28.86% 31B
Average +1.97%+4.08%+34.45%+22.97% 62.24B
Weighted average by Cap. +1.96%+4.35%+34.44%+24.05%
Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
2,625.00COP
Average target price
2,533.43COP
Spread / Average Target
-3.49%

Quarterly revenue - Rate of surprise