Ecopetrol SA is an integrated oil company that operates and explore for oil in the south, west, north and central region of Colombia.
It was earlier known as Empresa Colombiana de Peroleos SA. The oil firm has various refineries, ports for fuel import and export facilities on both the coasts as well as transportation network of polyducts and pipelines throughout the territories of Columbia.
It claims to be a sector leader in the energy sector and oil & gas industry.
The company’s ADRs trade on the New York Stock Exchange with the quote of ‘EC’. It is domiciled in Bogota, Colombia.
The term ADR stands for American Depository Receipts that represents the securities of a foreign company and enables its stocks to be traded in the financial markets of the United States. It is a way that lets a US-based investor to trade in securities of non-US companies by not using the local exchanges.
The energy company operates under the following segments:
• Refining & petrochemicals
• Transport and marketing
The marketing and commercial segment forms a part of the value chain and connects Ecopetrol with the various markets in regions of Colombia and the rest of the world. The company aims to maximize the value addition by achieving operational excellence in commercialization of products such as crude oil, energy, gas, and petrochemicals in a safe and sustainable manner reportedly.
In addition, it reportedly focuses on leveraging its expertise in internal optimization and provides high returns for its investors.
The logistics and transportation segment deals with the transportation of motor fuels, crude oil, fuel oil, biofuel and diesel. The company’s main pipeline system shipping crude oil has an estimated capacity of around 1.34 million barrels per day. It also operates and owns various refineries, including Barrancabermeja Refinery Apiay and Orito refineries. The Barrancabermeja Refinery is located in the trade free zone in Cartagena.
The integrated oil company operates through several subsidiaries such as Hocol Petroleum Limited, Esenttia SA, Ecopetrol America Inc, Cenit SAS, Oleoducto Central SA, Equion Energia Limited, ODL Finance SA, Black Gold Re Ltda, Bioenergy SA, Andean Chemicals ltd, ODL Sa, and Ecopetrol Germany GmbH.