Ecopetrol (ECOPETROL.BC) Stock Price

Ecopetrol Price

CLOSED
2,770.00COP+105.00 (+3.86 %)
Market closed

Over the last 19 years Ecopetrol grew revenue by 12.0% annually, reaching 133.33 T COP. Earnings per share have grown at 8.5% per year over the last 19 years. For Ecopetrol, the net margin of 11.2% is up versus 3.4% a few years ago. At today's price the dividend yield works out to roughly 22.53%. The payout ratio is around 172% of earnings. The dividend has grown at 13.2% per year over the past 16 years. The consensus 12-month price target for Ecopetrol is 1,887.00 COP, about 31.9% below where the stock trades today. Of 12 analysts, 0 rate the stock a buy — an overall Hold consensus. The stock trades about 64% above its 52-week low.

Ecopetrol stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Ecopetrol over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Ecopetrol stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Ecopetrol's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Ecopetrol Stock Price History
DateEcopetrol Price
8/6/20262,770.00 COP
8/5/20262,665.00 COP
8/4/20262,630.00 COP
8/3/20262,680.00 COP
7/30/20262,680.00 COP
7/29/20262,620.00 COP
7/28/20262,540.00 COP
7/27/20262,525.00 COP
7/24/20262,605.00 COP
7/23/20262,605.00 COP
7/22/20262,655.00 COP
7/21/20262,670.00 COP
7/17/20262,625.00 COP
7/16/20262,575.00 COP
7/15/20262,590.00 COP
7/14/20262,580.00 COP
7/10/20262,545.00 COP
7/9/20262,535.00 COP
7/8/20262,540.00 COP
7/7/20262,430.00 COP
7/6/20262,435.00 COP
7/3/20262,490.00 COP
7/2/20262,470.00 COP
7/1/20262,440.00 COP
6/30/20262,480.00 COP
6/26/20262,560.00 COP
6/25/20262,500.00 COP
6/24/20262,505.00 COP
6/23/20262,655.00 COP
6/22/20262,790.00 COP
6/19/20262,940.00 COP
6/18/20262,780.00 COP
6/17/20262,750.00 COP
6/16/20262,650.00 COP
6/12/20262,840.00 COP
6/11/20262,895.00 COP
6/10/20262,985.00 COP
6/9/20262,835.00 COP
6/8/20262,620.00 COP
6/5/20262,620.00 COP
6/4/20262,800.00 COP
6/3/20262,800.00 COP
6/2/20262,870.00 COP
6/1/20262,870.00 COP
5/28/20262,695.00 COP
5/27/20262,715.00 COP
5/26/20262,730.00 COP
5/25/20262,535.00 COP
5/22/20262,545.00 COP
5/21/20262,575.00 COP
5/20/20262,545.00 COP
5/19/20262,640.00 COP
5/15/20262,480.00 COP
5/14/20262,485.00 COP
5/13/20262,535.00 COP
5/12/20262,465.00 COP
5/11/20262,410.00 COP
5/8/20262,350.00 COP
5/7/20262,430.00 COP
5/6/20262,475.00 COP
5/5/20262,620.00 COP
5/4/20262,620.00 COP
4/30/20262,600.00 COP
4/29/20262,500.00 COP
4/28/20262,400.00 COP
4/27/20262,370.00 COP
4/24/20262,455.00 COP
4/23/20262,580.00 COP
4/22/20262,550.00 COP
4/21/20262,530.00 COP
4/20/20262,435.00 COP
4/17/20262,435.00 COP
4/16/20262,470.00 COP
4/15/20262,370.00 COP
4/14/20262,555.00 COP
4/13/20262,555.00 COP
4/10/20262,555.00 COP
4/9/20262,555.00 COP
4/8/20262,580.00 COP
4/7/20262,690.00 COP
4/6/20262,735.00 COP
4/3/20262,640.00 COP
4/2/20262,640.00 COP
4/1/20262,640.00 COP
3/31/20262,800.00 COP
3/30/20262,760.00 COP
3/27/20262,765.00 COP
3/26/20262,700.00 COP
3/25/20262,745.00 COP
3/24/20262,685.00 COP
3/20/20262,820.00 COP
3/19/20262,675.00 COP
3/18/20262,700.00 COP
3/17/20262,720.00 COP
3/16/20262,615.00 COP
3/13/20262,555.00 COP
3/12/20262,570.00 COP
3/11/20262,500.00 COP
3/9/20262,390.00 COP
3/6/20262,425.00 COP
3/5/20262,370.00 COP
3/4/20262,215.00 COP
3/3/20262,215.00 COP
3/2/20262,280.00 COP
2/27/20262,240.00 COP
2/26/20262,250.00 COP
2/25/20262,330.00 COP
2/24/20262,300.00 COP
2/23/20262,330.00 COP
2/20/20262,310.00 COP
2/19/20262,315.00 COP
2/18/20262,215.00 COP
2/17/20262,175.00 COP
2/16/20262,235.00 COP
2/13/20262,190.00 COP
2/12/20262,185.00 COP
2/11/20262,230.00 COP
2/10/20262,215.00 COP
2/9/20262,250.00 COP
2/6/20262,240.00 COP
2/5/20262,170.00 COP
2/4/20262,225.00 COP
2/3/20262,260.00 COP
2/2/20262,235.00 COP
1/30/20262,300.00 COP
1/29/20262,320.00 COP
1/28/20262,340.00 COP
1/27/20262,355.00 COP
1/26/20262,350.00 COP
1/23/20262,275.00 COP
1/22/20262,200.00 COP
1/21/20262,345.00 COP
1/20/20262,315.00 COP
1/19/20262,270.00 COP
1/16/20262,265.00 COP
1/15/20262,165.00 COP
1/14/20262,125.00 COP
1/13/20262,065.00 COP
1/9/20262,010.00 COP
1/8/20261,995.00 COP
1/7/20261,965.00 COP
1/6/20262,020.00 COP
1/5/20262,020.00 COP
1/2/20261,920.00 COP
12/31/20251,870.00 COP
12/30/20251,870.00 COP
12/29/20251,845.00 COP
12/26/20251,800.00 COP
12/24/20251,800.00 COP
12/23/20251,800.00 COP
12/22/20251,770.00 COP
12/19/20251,765.00 COP
12/18/20251,785.00 COP
12/17/20251,815.00 COP
12/16/20251,800.00 COP
12/15/20251,845.00 COP
12/12/20251,865.00 COP
12/11/20251,865.00 COP
12/10/20251,895.00 COP
12/9/20251,935.00 COP
12/5/20251,905.00 COP
12/4/20251,905.00 COP
12/3/20251,800.00 COP
12/2/20251,890.00 COP
12/1/20251,895.00 COP
11/28/20251,880.00 COP
11/27/20251,865.00 COP
11/26/20251,845.00 COP
11/25/20251,845.00 COP
11/24/20251,815.00 COP
11/21/20251,860.00 COP
11/20/20251,900.00 COP
11/19/20251,945.00 COP
11/18/20251,980.00 COP
11/14/20251,950.00 COP
11/13/20251,870.00 COP
11/12/20251,880.00 COP
11/11/20251,890.00 COP
11/10/20251,860.00 COP
11/7/20251,865.00 COP
11/6/20251,830.00 COP
11/5/20251,830.00 COP
11/4/20251,800.00 COP
10/31/20251,780.00 COP
10/30/20251,800.00 COP
10/29/20251,810.00 COP
10/28/20251,805.00 COP
10/27/20251,780.00 COP
10/24/20251,770.00 COP
10/23/20251,775.00 COP
10/22/20251,720.00 COP
10/21/20251,685.00 COP
10/20/20251,710.00 COP
10/17/20251,740.00 COP
10/16/20251,725.00 COP
10/15/20251,740.00 COP
10/14/20251,725.00 COP
10/10/20251,730.00 COP
10/9/20251,755.00 COP
10/8/20251,760.00 COP
10/7/20251,760.00 COP
10/6/20251,790.00 COP
10/3/20251,775.00 COP
10/2/20251,760.00 COP
10/1/20251,785.00 COP
9/30/20251,885.00 COP
9/29/20251,800.00 COP
9/26/20251,845.00 COP
9/25/20251,860.00 COP
9/24/20251,865.00 COP
9/23/20251,815.00 COP
9/22/20251,740.00 COP
9/19/20251,730.00 COP
9/18/20251,760.00 COP
9/17/20251,805.00 COP
9/16/20251,815.00 COP
9/15/20251,810.00 COP
9/12/20251,790.00 COP
9/11/20251,810.00 COP
9/10/20251,845.00 COP
9/9/20251,820.00 COP
9/8/20251,810.00 COP
9/5/20251,800.00 COP
9/4/20251,815.00 COP
9/3/20251,805.00 COP
9/2/20251,885.00 COP
9/1/20251,885.00 COP
8/29/20251,890.00 COP
8/28/20251,880.00 COP
8/27/20251,850.00 COP
8/26/20251,840.00 COP
8/25/20251,850.00 COP
8/22/20251,850.00 COP
8/21/20251,805.00 COP
8/20/20251,805.00 COP
8/19/20251,805.00 COP
8/15/20251,800.00 COP
8/14/20251,770.00 COP
8/13/20251,755.00 COP
8/12/20251,725.00 COP
8/11/20251,725.00 COP
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Ecopetrol Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2020
50.03 T COP
6.56 T COP
1.69 T COP
Jan 1, 2021
91.74 T COP
29.80 T COP
16.69 T COP
Jan 1, 2022
159.47 T COP
60.57 T COP
33.41 T COP
Jan 1, 2023
143.08 T COP
43.72 T COP
19.06 T COP
Jan 1, 2024
133.33 T COP
36.28 T COP
14.93 T COP
Jan 1, 2025 (e)
122.44 T COP
31.58 T COP
13.66 T COP
Jan 1, 2026 (e)
113.83 T COP
28.24 T COP
11.84 T COP
Jan 1, 2027 (e)
112.57 T COP
29.62 T COP
10.42 T COP

Ecopetrol Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 9, 2026, 1:11 AM
 
REVENUET COP
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMET COP
EBITT COP
EBIT MARGIN%
NET INCOMET COP
NET INCOME GROWTH%
DIV.COP
SHARESB
20122013201420152016201720182019202020212022202320242025e2026e2027e
68.8570.4365.9752.0947.7355.2167.8270.8550.0391.74159.47143.08133.33122.44113.83112.57
4.712.29-6.33-21.04-8.3715.6722.844.46-29.3983.3973.82-10.28-6.82-8.17-7.03-1.10
41.1339.4434.8628.9828.2733.1839.3036.5424.9339.4243.9038.3735.1435.1435.1435.14
28.3227.7723.0015.1013.5018.3226.6525.8912.4736.1670.0254.9046.8543.0239.9939.55
24.2121.8316.669.539.0613.7122.2321.366.5629.8060.5743.7236.2831.5828.2429.62
35.1631.0025.2618.2918.9924.8432.7830.1513.1132.4837.9830.5627.2125.7924.8126.31
14.7813.115.73-3.991.566.6211.5613.251.6916.6933.4119.0614.9313.6611.8410.42
-4.36-11.32-56.32-169.65-139.24323.1174.5614.67-87.26888.98100.10-42.94-21.65-8.54-13.31-12.02
624.00624.00624.00624.00
41.1241.1241.1341.1141.0741.1241.1241.1241.1241.1241.1241.1241.1241.1241.1241.12
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Ecopetrol generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Ecopetrol retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Ecopetrol's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Ecopetrol has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Ecopetrol's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Ecopetrol stock margins

The Ecopetrol margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Ecopetrol. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Ecopetrol.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2020
24.93 %
13.11 %
3.37 %
Jan 1, 2021
39.42 %
32.48 %
18.20 %
Jan 1, 2022
43.90 %
37.98 %
20.95 %
Jan 1, 2023
38.37 %
30.56 %
13.32 %
Jan 1, 2024
35.14 %
27.21 %
11.20 %
Jan 1, 2025 (e)
35.14 %
25.79 %
11.16 %
Jan 1, 2026 (e)
35.14 %
24.81 %
10.40 %
Jan 1, 2027 (e)
35.14 %
26.31 %
9.25 %

Ecopetrol Stock Revenue, EBIT, Earnings per Share

The Ecopetrol earnings per share therefore indicates how much revenue Ecopetrol has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

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  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2020
1,216.70 COP
159.56 COP
41.06 COP
Jan 1, 2021
2,231.31 COP
724.79 COP
406.03 COP
Jan 1, 2022
3,878.57 COP
1,473.11 COP
812.48 COP
Jan 1, 2023
3,479.82 COP
1,063.34 COP
463.61 COP
Jan 1, 2024
3,242.67 COP
882.27 COP
363.23 COP
Jan 1, 2025 (e)
2,977.76 COP
767.98 COP
332.22 COP
Jan 1, 2026 (e)
2,768.39 COP
686.75 COP
288.00 COP
Jan 1, 2027 (e)
2,737.85 COP
720.36 COP
253.37 COP

Ecopetrol business model & stock analysis

Ecopetrol S.A. is a multinational oil and gas company specialized in the exploration, refining, transportation, marketing, and sale of oil and gas products and by-products. It is the largest company in Colombia and one of the largest in Latin America. The company was founded in 1951 by the Colombian government to control the country's oil resources. Ecopetrol has expanded over the decades and is now involved in various sectors such as exploration and production, refining and petrochemicals, marketing, distribution and transportation of oil and gas, as well as renewable energy. It operates in some of the most productive fields in the country and exports its products worldwide. Ecopetrol also operates refineries that process crude oil into various products such as gasoline, diesel, liquefied petroleum gas, and lubricants. Additionally, it is involved in the production of petrochemicals used in the manufacturing of plastics, rubber, and other industrial products. The company has an extensive pipeline infrastructure in Colombia and operates terminals and port facilities to facilitate the import and export of oil and gas. In recent years, Ecopetrol has also focused on renewable energy projects, including wind and geothermal energy. The company has a comprehensive social program and invests in infrastructure, education, healthcare, and environmental protection in the regions where it operates. Overall, Ecopetrol is a significant player in the oil and gas industry in Latin America and a key economic factor in Colombia. It strives to continually improve the quality of its products and services while expanding its operations to meet the needs of its customers and the environment.

Ecopetrol SWOT Analysis

Strengths

Ecopetrol SA is the largest oil company in Colombia, which provides it with a significant competitive advantage in the domestic market. Its strong market presence allows it to influence market dynamics and pricing.

The company has access to abundant oil reserves, both offshore and onshore, providing a stable and reliable source of raw materials for its operations. This ensures a steady supply of oil and reduces the risk of supply disruptions.

Ecopetrol SA has a diversified business portfolio, involved in all stages of the oil and gas value chain, including exploration, production, refining, and distribution. This diversification helps the company mitigate risks and capture value along different stages of the industry.

Weaknesses

Ecopetrol SA has been facing declining production levels in recent years, which poses a challenge for its future growth. Aging oil fields and limited exploration success have contributed to this decline.

The company heavily relies on oil exports for revenue generation, making it vulnerable to fluctuations in international oil prices. Price volatility can significantly impact the company's financial performance and profitability.

Ecopetrol SA's operations are primarily focused on Colombia, limiting its geographical diversification. This exposes the company to country-specific risks, including political instability, regulatory uncertainty, and social unrest.

Opportunities

Ecopetrol SA can explore opportunities in renewable energy sources, such as wind and solar power, to diversify its energy portfolio and align with global trends towards clean energy. This would also contribute to reducing the company's carbon footprint and improving its environmental impact.

The growing demand for natural gas presents an opportunity for Ecopetrol SA to expand its gas production and distribution operations. Natural gas is considered a cleaner fossil fuel compared to oil, and its demand is expected to increase in the coming years.

International expansion into new markets can help Ecopetrol SA reduce its reliance on the Colombian market, diversify its revenue streams, and mitigate country-specific risks. Strategic partnerships or acquisitions can facilitate market entry into new regions.

Threats

The volatility of global oil prices poses a significant threat to Ecopetrol SA's financial performance. Fluctuations in prices can impact the company's revenue and profitability, making it challenging to plan and execute long-term strategies effectively.

Environmental regulations and increasing public awareness regarding the negative impacts of fossil fuels pose a threat to Ecopetrol SA's operations. Compliance with stricter regulations and the need to adopt sustainable practices may add additional costs and impact profitability.

Intense competition from other global oil companies, both in domestic and international markets, poses a threat to Ecopetrol SA's market share. Competitors with larger financial resources and technological capabilities may outperform Ecopetrol SA in terms of innovation and operational efficiency.

Ecopetrol Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Ecopetrol historical P/E ratio, EBIT multiple, and P/S ratio

Ecopetrol annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Ecopetrol shares outstanding

The number of shares of Ecopetrol was 41.12 B in 2025. This indicates how many shares Ecopetrol is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2020
41.12 B Stocks
Jan 1, 2021
41.12 B Stocks
Jan 1, 2022
41.12 B Stocks
Jan 1, 2023
41.12 B Stocks
Jan 1, 2024
41.12 B Stocks
Jan 1, 2025 (e)
41.12 B Stocks
Jan 1, 2026 (e)
41.12 B Stocks
Jan 1, 2027 (e)
41.12 B Stocks

Ecopetrol Dividend History

18 years of dividend payments

YearAnnual DividendYoY ChangePayments
2026121.00COPYTD
Apr 24, 2026121.00COP 13.1%1/1
2025321.00COP 48.6%
Mar 31, 2025107.00COP 2.9%1/3
Apr 23, 2025107.00COP 0.0%2/3
Jun 20, 2025107.00COP 0.0%3/3
2024624.00COP 488.7%
2023106.00COP 76.3%
2022448.00COP 2,535.3%
202117.00COP 90.6%
2020180.00COP 30.2%
2019258.00COP 189.9%
201889.00COP 287.0%
201723.00COP 82.7%

Ecopetrol dividend history and estimates

In 2025, Ecopetrol paid a dividend amounting to 321.00 COP. Dividend means that Ecopetrol distributes a portion of its profits to its owners.
  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2020 (e)
180.00 COP
0.00 COP
0.00 COP
Jan 1, 2021 (e)
17.00 COP
0.00 COP
0.00 COP
Jan 1, 2022 (e)
448.00 COP
0.00 COP
0.00 COP
Jan 1, 2023 (e)
106.00 COP
0.00 COP
0.00 COP
Jan 1, 2024
624.00 COP
0.00 COP
0.00 COP
Jan 1, 2025 (e)
321.00 COP
303.00 COP
0.00 COP
Jan 1, 2026 (e)
0.00 COP
624.00 COP
0.00 COP
Jan 1, 2027 (e)
0.00 COP
624.00 COP
106.00 COP

Ecopetrol dividend payout ratio

In 2025, Ecopetrol had a payout ratio of 187.82%. The payout ratio indicates the percentage of the company's profits that Ecopetrol distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2020
438.43 %
Jan 1, 2021
4.19 %
Jan 1, 2022
55.14 %
Jan 1, 2023
22.86 %
Jan 1, 2024
171.79 %
Jan 1, 2025 (e)
187.82 %
Jan 1, 2026 (e)
216.67 %
Jan 1, 2027 (e)
246.28 %

Current Ecopetrol forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
1.37 %
Buy
0.00 % (0)
Hold
66.67 % (8)
Sell
33.33 % (4)
12M Price Target
1,887.00
Last Price
2,770.00
Currency
COP
12M Return Potential
-31.88 %
LTM Return
0 %

Ecopetrol Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
5/7/2024100.47COP-38.98 TCOP-2024 Q1
2/26/202495.48COP-37.19 TCOP-2023 Q4
8/1/2023217.89COP-56.69 TTCOP-2023 Q2
5/8/2023217.89COP-56.69 TTCOP-2023 Q1
2/27/2023234.11COP-39.16 TCOP-2022 Q4
11/8/2022274.22COP-16.36 TTCOP-2022 Q3
8/4/2022204.99COP-45.31 TTCOP-2022 Q2
5/10/2022146.19COP-32.84 TTCOP-2022 Q1
3/1/2022134.76COP-24.67 TCOP-2021 Q4
11/9/2021110.78COP-22.53 TCOP-2021 Q3

EESG©

Eulerpool ESG Scorecard© for the Ecopetrol stock

89/100
92
Environment
99
Social
78
Governance
E

Environment

20
Scope 1 - Direct Emissions12,458,520
Scope 2 - Indirect emissions from purchased energy468,921
Scope 3 - Indirect emissions within the value chain152,963,989
Total CO₂ emissions12,927,441
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees25.95
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Ecopetrol shareholder structure

% Name
0.81794%
BlackRock Fund Advisors
BlackRock Fund Advisors
0.29875%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
0.03763%
Mirae Asset Global Investments (USA) LLC
Mirae Asset Global Investments (USA) LLC
0.01274%
Tidal Investments LLC
Tidal Investments LLC
0.01070%
State Street Global Advisors (US)
State Street Global Advisors (US)
0.01019%
Pacer Advisors, Inc.
Pacer Advisors, Inc.

Ecopetrol Executives and Management Board

26 members · avg. age 58 · 31 % women

Management

RB

Mr. Ricardo Roa Barragan (64)

Chief Executive Officer

BA

Mr. Bayron Arias

Executive Vice President - Energy for the Transition

RA

Mr. Rafael Ernesto Guzman Ayala (56)

Executive Vice President

AM

Mr. Alberto Vergara Monterrosa

Corporate Vice President - Compliance, Compliance Officer

AM

Mr. Alfonso Camilo Barco Munoz (56)

Corporate Vice President - Finance and Sustainable Value · since 2018

MR

Ms. Maria Cristina Toro Restrepo

Corporate Vice President - Legal, General Secretary

Board of Directors

ML

Ms. Monica De Greiff Lindo (68)

Independent Chairman of the Board

DJ

Ms. Diana Jimenez

Acting Director - Institutional Relations and Communications · since 2025

RG

Mr. Ricardo Augusto Montes Gomez

Corporate Director - Internal Audit

LA

Ms. Lilia Tatiana Roa Avendano

Director

GR

Mr. Guillermo Garcia Realpe

Independent Director

GJ

Mr. Gonzalo Hernandez Jimenez (44)

Independent Director

Frequently asked questions about Ecopetrol

The business model of Ecopetrol SA revolves around oil exploration, production, refining, and distribution. As the largest petroleum company in Colombia, Ecopetrol focuses on both domestic and international operations to meet the energy needs of its customers. Its integrated value chain includes upstream activities like exploration and production, midstream activities like transportation and storage, and downstream activities like refining and marketing. By leveraging its technological expertise, strategic partnerships, and efficient operations, Ecopetrol aims to ensure a reliable supply of energy products while generating sustainable value for its stakeholders.

Ecopetrol SA is primarily active in the oil and gas industry.

Some of the main competitors of Ecopetrol SA in the market include Chevron Corporation, Exxon Mobil Corporation, Royal Dutch Shell plc, BP plc, and Total SE.

Ecopetrol SA, a leading Colombian petroleum company, has a rich history and an extensive background. Founded in 1951, it initially operated under the name of Empresa Colombiana de Petróleos. Throughout the years, Ecopetrol SA has evolved into a key player in the exploration, production, refining, and transportation of oil and gas. As a state-run enterprise, it has made significant contributions to Colombia's economic growth and energy development. Ecopetrol SA has expanded its operations globally, establishing strategic partnerships and engaging in exploration projects across various countries. Committed to sustainability and technological innovation, the company aims to ensure long-term value creation for stakeholders, laying a solid foundation for its continued success.

Ecopetrol SA, a renowned Colombian energy company, has achieved several significant milestones over the years. One of the remarkable achievements is its consistent exploration success, resulting in the discovery of new oil and gas fields. Additionally, Ecopetrol SA has steadily increased its production levels, contributing to the country's energy independence. The company has also expanded its international presence through strategic partnerships and investments in other regions. Ecopetrol SA's commitment to sustainable practices is commendable, as it has received recognition for implementing environmentally responsible initiatives. These milestones highlight Ecopetrol SA's continuous growth and its commitment to being a leading player in the energy sector.

Ecopetrol SA is primarily present in Colombia, with its headquarters located in Bogota. Being the largest oil and gas company in Colombia, it operates various exploration, production, refining, and distribution activities within the country. In addition to its significant domestic presence, Ecopetrol also has a growing international portfolio. The company has exploration and production operations in countries such as Brazil, Peru, Mexico, and the United States. Its regional presence extends to the Caribbean and Gulf of Mexico, where Ecopetrol actively participates in offshore activities. Overall, Ecopetrol SA maintains a strong focus on its home country while diversifying its operations in select international markets.

Ecopetrol SA represents a set of values and a corporate philosophy that prioritize sustainability, innovation, and excellence. The company is committed to conducting its operations in an ethical and responsible manner, ensuring the protection of the environment and promoting the well-being of the communities it operates in. Ecopetrol SA aims to consistently deliver high-quality products and services to meet the energy needs of consumers globally. Through strategic partnerships, technological advancements, and a strong focus on efficiency, the company strives to achieve long-term success, while upholding its commitment to social and environmental responsibility.

Analysts currently set an average price target of 1,966.41 COP for the Ecopetrol stock (median: 1,887.00 COP), implying -29.0 % versus the latest price. The consensus is based on 12 analyst ratings.

12 analysts currently rate the Ecopetrol stock: 0 recommend buying, 8 holding and 4 selling. For 2026, analysts expect Ecopetrol to generate revenue of 113.83 T COP and earnings per share of 288.00 COP.

Converted at the current exchange rate, the Ecopetrol share trades at 0.76 EUR (2,770.00 COP).

Ecopetrol SA is the leading company in Colombia's oil and gas industry and one of the largest in Latin America. The company was founded in 1951 as a state oil company and is currently owned by the Colombian government. Ecopetrol's business model includes various divisions, including exploration and production, transportation, refining, marketing, and petrochemicals. The company is active in all phases of the oil and gas business, from the development of oil fields to the transportation infrastructure and processing of crude oil in refineries. In the exploration and production department, Ecopetrol focuses on the search for new oil and gas sources, as well as the ongoing production of resources from existing fields. The company operates six major production areas in Colombia and is also active in other countries such as Peru and Brazil. Ecopetrol's transportation division includes an extensive network of pipelines that enable the transportation of crude oil and natural gas from production sites to refineries and export terminals. Ecopetrol owns and operates over 9,000 kilometers of pipelines in Colombia, making it the country's largest pipeline operator. In the refining division, Ecopetrol has three refineries in Colombia that process crude oil into various products such as gasoline, diesel, kerosene, and heavy oil. Ecopetrol also produces petrochemical products such as polypropylene and polyethylene in its facilities. The marketing division of Ecopetrol is responsible for selling and distributing various oil and petrochemical products. The company owns a wide range of brands that are sold in Colombia and other countries. Ecopetrol's products are also sold to refineries and other companies in the oil and gas industry. To sustain growth and create value for its shareholders, Ecopetrol recently announced a company transformation strategy aimed at expanding its business model from a pure oil and gas producer to a company with greater diversification in renewable energy and infrastructure. The company aims to produce approximately 450 MW of renewable energy by 2023 and plans to invest in hydrogen and carbon capture technologies. In summary, Ecopetrol SA's business model is focused on all areas of the oil and gas business. Through continuous improvement and diversification of its portfolio, Ecopetrol is positioning itself to be a key player in the energy transition in Latin America.

The expected revenue of Ecopetrol is 113.83 T COP. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Ecopetrol is 11.84 T COP. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Ecopetrol is currently 9.62. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Ecopetrol stock.

The price-to-sales ratio (P/S) of Ecopetrol is currently 1.00. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Ecopetrol stock.

The Eulerpool Quality Score for Ecopetrol is 5/10.

The ISIN of Ecopetrol is COC04PA00016. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The ticker of Ecopetrol is ECOPETROL.BC. The ticker symbol is used to trade Ecopetrol shares on the stock exchange.

Over the past 12 months, Ecopetrol paid a dividend of 624.00 COP . This corresponds to a dividend yield of about 22.53 %. For the coming 12 months, Ecopetrol is expected to pay a dividend of 624.00 COP.

The current dividend yield of Ecopetrol is 22.53 %.

Ecopetrol pays a dividend, distributed in the months of , , , .

Ecopetrol paid dividends every year for the past 9 years.

For the upcoming 12 months, dividends amounting to 624.00 COP are expected. This corresponds to a dividend yield of 23.41 %.

Ecopetrol is assigned to the 'Energy' sector.

In the year 2025, Ecopetrol distributed 624 COP as dividends.

The dividends of Ecopetrol are distributed in COP.

All fundamentals and in-depth analysis of Ecopetrol

Our stock analysis for Ecopetrol stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Ecopetrol. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.