Who owns Ecopetrol SA?
Colombia’s Ministry of Finance and Public Credit
Colombia’s Ecopetrol is a mixed-ownership integrated oil and gas company that operates in the exploration and production, logistics and transportation, and refining, petrochemicals and biofuels sectors. Its largest shareholder is Colombia’s Ministry of Finance and Public Credit, which owns 88.5% of its shares.
Is Ecopetrol SA state-owned?
Decree 1760 / June 26, 2003 (available only in spanish) modified the organic structure of the Empresa Colombiana de Petróleos and made it Ecopetrol S.A., a public stock-holding corporation, one hundred percent state-owned, associated with the Ministry of Mines and Energy, and governed by its by-laws contained in …
Where is ecopetrol located?
Bogota Colombia
Ecopetrol: National Oil Company in Colombia, Latin America Empresa Colombiana de Petróleos S.A. (Ecopetrol) is a National Oil Company located in Bogota Colombia, Latin America.
What industry is Ecopetrol in?
Company Description: Ecopetrol performs crude oil and natural gas exploration, production, refining, and transportation.
How many employees does Ecopetrol have?
9,315
Ecopetrol
| Type | Sociedad Anónima |
|---|---|
| Net income | COL$15.649 trillion (2021) |
| Total assets | COL$244.250 trillion (2021) |
| Number of employees | 9,315 |
| Website | www.ecopetrol.com.co |
Where does Columbia get their oil from?
Within that framework, Colombia’s oil production increased significantly in 1986, when the Caño Limón oil field began operating, and was further enhanced in 1995, when production began in the Cusiana and Cupiagua oil fields.
What is Ecopetrol in Colombia?
Ecopetrol, formerly known as Empresa Colombiana de Petróleos S.A. (English: Colombian Petroleum Co.) is the largest and primary petroleum company in Colombia. As a result of its continuous growth, Ecopetrol forms part of the Fortune Global 500 and was ranked 346.
Does Ecuador have oil?
As of January 2021, Ecuador had 8.3 billion barrels of proved crude oil reserves. Ecuador’ oil reserves are the third largest in Latin America, after Venezuela’s and Brazil’s reserves. 1 Most of Ecuador’s oil reserves are in the Oriente Basin located in the Amazon.
Is Colombia running out of oil?
Oil Reserves in Colombia Colombia has proven reserves equivalent to 17.7 times its annual consumption. This means that, without Net Exports, there would be about 18 years of oil left (at current consumption levels and excluding unproven reserves).
Is Colombia rich in oil?
Catatumbo, Colombia, is one of the most oil-rich regions in the country, with an estimated 17 million barrels of unexplored oil reserves.
Is there gold in Colombia?
Colombia also possesses significant amounts of nickel and gold. Other important metals included platinum and silver, which were extracted in much smaller quantities. Colombia also produces copper, small amounts of iron ore, and bauxite.
Where does Columbia get its oil?
“They’re carrying oil and gasoline. Some is bought upriver in Colombia, some is stolen by guerillas, but a lot of it comes from Venezuela.” Attracting E&P investment will be critical to boosting Colombia’s oil reserves, which fell to 1.82 billion barrels as of Dec. 31, 2020 from 2.04 billion barrels at the end of 2019.
What happens if Saudi Arabia runs out of oil?
A February report by energy transition think tank Carbon Tracker found that long before oil production falls to zero, Saudi Arabia would suffer a 44% shortfall in government revenues just from the decline in consumption over the coming decades.
Does Colombia produce diamonds?
Emeralds are not the only treasure buried in the verdant land of Colombia. Rubies, sapphires and diamonds are also found there, though more rarely. Feast your eyes on the rainbow of colors of gemstone treasures from deep within the land of Colombia—red rubies, blue sapphires and yellow diamond.
Can you pan for gold in Colombia?
As a marker of its cultural importance and low environmental impact, artisanal gold mining is permitted under Colombia’s 1991 Constitution in Afro-Colombian and Indigenous territories.
What does the US import from Ecuador?
U.S. total imports of agricultural products from Ecuador totaled $1.1 billion in 2019. Leading categories include: bananas and plantains ($363 million), nursery products ($273 million), processed fruit & vegetables ($161 million), cocoa beans ($116 million), and other fresh fruit ($61 million).
What is the ticker symbol for Ecopetrol?
Ecopetrol trades on the New York Stock Exchange (NYSE) under the ticker symbol “EC.” Who are Ecopetrol’s major shareholders? Ecopetrol’s stock is owned by a variety of institutional and retail investors.
What are analysts’target prices for Ecopetrol’s stock?
4 brokerages have issued 12-month target prices for Ecopetrol’s stock. Their forecasts range from $14.70 to $16.50. On average, they anticipate Ecopetrol’s share price to reach $15.60 in the next year. This suggests a possible upside of 11.2% from the stock’s current price.
What is the PE (price/earnings) ratio of Ecopetrol?
The P/E ratio of Ecopetrol is 9.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.35. The P/E ratio of Ecopetrol is 9.54, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 10.44. Ecopetrol has a PEG Ratio of 0.14.
Should you hold Ecopetrol (EC) stock?
The consensus among Wall Street equities research analysts is that investors should “hold” Ecopetrol stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EC, but not buy additional shares or sell existing shares. View analyst ratings for Ecopetrol or view top-rated stocks.