Ecopetrol (ADR) (EC)
Runs Colombia's oil chain alongside regional power transmission and toll roads.
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Produces oil and gas, moves hydrocarbons through pipelines, refines fuels and petrochemicals, and operates power transmission and toll roads through ISA. State control and Colombia-centered hydrocarbon operations shape capital allocation and operating exposure.
Exploration and Production supplies crude oil and natural gas to external buyers and the group’s own transport and refining systems. Refining and Petrochemicals sells fuels, petrochemicals, natural gas and LPG, while Transport and Logistics runs the pipeline network.
Hydrocarbon operations are centered in Colombia and extend to the United States, Brazil and Mexico. ISA adds electricity transmission, real-time power-system management and toll-road concessions across Latin America, making infrastructure a material business alongside oil and gas.
The Colombian state retains control, linking board selection and major capital-allocation decisions to the public-policy environment. Performance depends on commodity-linked sales, reserve replacement, refinery and pipeline availability, and security conditions around physical assets.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 14, 2026 | UBS | Reiterate | Rating: —Target: $14 | Target: $16 |
| Jun 3, 2026 | Citigroup | Downgrade | ||
| May 27, 2026 | UBS | Reiterate | Rating: —Target: $13.50 | Target: $14 |
| May 5, 2026 | UBS | Reiterate | Rating: —Target: — | Target: $13.50 |
| Feb 4, 2026 | Bradesco | Target | Target: — | Target: $12 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $3.37B · Total debt $31.59B · Total assets $85.54B · Shareholders' equity $25.57B
- Revenue
- $11.56B
- Operating income
- $3.68B
- Net income
- $1.74B
Reported in COP, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | 1.46% | 30.07M ADS | |
|---|---|---|---|
| 181 holders · as of Jun 30, 2026 | |||
| Insiders | 0.00% | 1.6K ADS | |
| 3 holders · as of May 1, 2026 | |||
| Other | 98.54% | 2.03B ADS | |
| remainder | |||
2.06B ADS (1 ADS = 20 ordinary shares) as of Aug 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2024 annual report; nothing newer is on file here.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 0.20% | 4.11M ADS | as of Jun 30, 2026 |
Marshall Wace, LLPInstitution | 0.13% | 2.64M ADS | as of Jun 30, 2026 |
Charles Schwab Investment Management IncInstitution | 0.09% | 1.84M ADS | as of Jun 30, 2026 |
Sixth Street Partners Management Company, L.P.Institution | 0.09% | 1.84M ADS | as of Jun 30, 2026 |
Vanguard Fiduciary Trust CoInstitution | 0.09% | 1.82M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Petrobras (ADR)
Closest regional integrated peer across upstream, refining, fuels and gas
- YPF (ADR)
Integrated Latin American peer in upstream, refining, fuels and gas
- Shell (ADR)
Global integrated rival in upstream, LNG, products and low-carbon energy
- Chevron
Large upstream and downstream rival in shared U.S. and export markets
- Gran Tierra Energy
Colombia-heavy upstream rival for acreage, drilling and crude output
- GeoPark
Llanos-focused producer competing for Colombian acreage and production
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ecopetrol (ADR) | $16.86 | +0.12% | $34.62B | 8.8 | 14.0 | 0.9 | +57.7% |
| Petrobras (ADR) | $20.63 | 0.00% | $132.95B | 5.2 | 5.1 | 1.3 | +59.8% |
| YPF (ADR) | $53.52 | +0.64% | $20.85B | 29.9 | 12.1 | 1.1 | +32.1% |
| Shell (ADR) | $93.71 | +0.47% | $260.05B | 10.3 | 9.0 | 0.9 | +44.7% |
| Chevron | $203.66 | −0.00% | $405.85B | 19.5 | 12.8 | 1.9 | +57.9% |
| Gran Tierra Energy | $10.04 | +1.26% | $350.4M | — | — | 0.6 | +58.4% |
| GeoPark | $10.78 | 0.00% | $699.6M | 7.3 | — | 1.3 | +19.6% |
| Median | 10.3 | 10.6 | 1.2 | +51.3% |