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Ecopetrol SA (EC)

33.93 Down 0.09(0.26%) 4:03PM EDT
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Ecopetrol SA
Carrera 13, No. 36
Colombia - Map
Phone: 57 1 234 4000
Fax: 57 1 234 4099

Index Membership:N/A
Sector:Basic Materials
Industry:Major Integrated Oil & Gas
Full Time Employees:N/A

Business Summary 

Ecopetrol S.A., an integrated oil company, is engaged in the exploration, development, and production of crude oil and natural gas primarily in Colombia, Peru, Brazil, and the United States Gulf Coast. The company operates through three segments: Exploration and Production, Refining and Petrochemicals, and Transportation and Logistics. It also owns and operates refineries that produce various refined products, including gasoline, diesel fuel, kerosene, jet fuel, aviation fuel, liquefied petroleum gas, sulfur, and heavy fuel oils; and petrochemicals and industrial products comprising paraffin waxes, lube base oils, low-density polyethylene, aromatics, asphalts, alkylates, cyclohexane, and aliphatic solvents, as well as refinery grade propylene. In addition, the company markets various refined and feed-stock products, including regular and high octane gasoline, diesel fuel, jet fuel, natural gas, and petrochemical products. Further, it is involved in the transportation of crude oil, motor fuels, fuel oil, and other refined products, such as diesel and bio fuels. As of December 31, 2013, the company had proved reserves of crude oil and natural gas totaled 1,971.9 million barrels of oil equivalent; and a network of approximately 6,746 kilometers in length for the transportation of refined products to wholesale distribution points. The company was formerly known as Empresa Colombiana de Petróleos and changed its name to Ecopetrol S.A. in June 2003. Ecopetrol S.A. was founded in 1948 and is based in Bogotá, Colombia.

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Key Executives 
Mr. Joaquin Moreno Uribe , 65
Principal, Independent Director, Member of Bus. Committee and Member of Audit Committee
Mr. Javier Genaro Gutierrez Pemberthy , 63
Chief Exec. Officer and Pres
Alberto Vargas Pe Alosa ,
Acting Chief Financial Officer
Mr. Camilo Marulanda Lopez , 35
Chief Operations Officer
Mr. Nestor Fernando Saavedra , 51
VP of Innovation & Technology
Amounts are as of Dec 31, 2010 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.