$EC

Colombian President Abelardo de la Espriella announced plans to facilitate hydrocarbon exploration, including fracking, while observing environmental responsibility. He criticized the previous administration's reduction of exploration contracts. The new Ecopetrol president, Joaquín Gutiérrez, aims to revive the company and develop 'responsible fracking'. Ecopetrol's shares are traded in Colombia and New York.

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) appointed Joaquín Gutiérrez Caballero as its new CEO, effective September 28, 2026. The decision followed a board-led selection process. Gutiérrez Caballero will focus on value creation and stakeholder engagement. Ecopetrol is a major energy company in Colombia and the Americas, with operations in oil, gas, and energy transmission.

Ecopetrol SA (EC) shares fell 4.2% to $16.84, within a 52-week range of $8.57 to $18.38. GuruFocus values the stock at $11.24, indicating it is 49.8% overvalued. EC's GF Score is 65/100, with strong profitability but weak financial strength and valuation metrics. The P/E ratio is 9.9x, above its 5-year median of 5.4x.

Ecopetrol, Colombia's state-controlled oil company, appointed Carlos Suarez as board chairman. Suarez, a political strategist, replaces Luis Henao, who now chairs the governance committee. Ecopetrol reported Q2 net income of $1.9B, up 235% YoY, but output fell 6.6%. The company faces leadership changes and political shifts affecting its exploration strategy.

Carlos Suarez, a political strategist and friend of Colombian President Abelardo de la Espriella, was unanimously elected chair of Ecopetrol's board. He replaces Luis Felipe Henao, who criticized the previous administration. Ecopetrol has a market cap of $35.89 billion. Several executives with ties to the prior government were dismissed. (280 characters)

Colombian state oil company Ecopetrol appointed Carlos Augusto Suarez as chairman of the board, according to El Tiempo. Suarez previously worked on President Abelardo De La Espriella’s campaign. The appointment follows the election of a new board, but the company has not yet announced a chief executive.

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announced that Juan Carlos Hurtado Parra will retire on September 15, 2026. Alfonso Camilo Barco Muñoz, Corporate Vice President of Finance and Sustainable Value, will become Acting CEO. Ecopetrol is a major integrated energy company in Colombia and the Americas, with operations in oil, gas, and energy transmission.

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announced that Mr. Hildebrando Vélez Galeano resigned from its Board of Directors, effective September 15, 2026. The company thanked him for his contributions and noted that the board will continue to function with its remaining members. Ecopetrol is a major integrated energy company in Colombia and the Americas, with operations in hydrocarbons, petrochemicals, and energy transmission.

Ecopetrol's acting president, Juan Carlos Hurtado Parra, resigned on 14 September following a board demand, triggered by a newspaper report about a recording. Camilo Barco, the CFO, became interim president. The board acted swiftly, and the market showed minimal reaction. Ecopetrol's market cap is $36.49B, with a revenue of $125.67T. Barco opposes selling Ecopetrol's stake in ISA, a proposal by former finance minister Mauricio Cárdenas.

Oil prices rose on Monday due to Saudi Arabia's East-West pipeline shutdown, with WTI and Brent futures increasing. The United States Oil Fund (USO) gained 1.14%, while Latin American energy companies saw mixed results: YPF rose, Petrobras slipped, and Ecopetrol was flat. The shutdown highlights supply concerns and potential market impacts.