Ecopetrol warns on security violations; CEO says received death threats

June 05, 2025 08:48 AM AEST | By EODHD

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Ecopetrol warns on security violations; CEO says received death threats — Image source: Kalkine Media

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[Ecopetrol sign at the company building on the Seventh Avenue in Bogota] anamejia18/iStock Editorial via Getty Images Ecopetrol (NYSE:EC [https://seekingalpha.com/symbol/EC]) CEO Ricardo Roa said Wednesday that the company has found 29 cases that could have violated security protocols and leaked confidential internal information, and Roa said he had received homophobic death threats [https://www.reuters.com/business/energy/ecopetrol-ceo-denounces-death-threats-over-sexual-orientation-2025-06-04/]. The possible leaks were found during a digital analysis procedure within a cybersecurity protocol started in May, the company said, according to Reuters. The CEO, who is openly gay, also said he has been targeted due to his sexual orientation. Roa, who became Ecopetrol's (NYSE:EC [https://seekingalpha.com/symbol/EC]) top executive in April 2023, faces a series of scandals and investigations that include a review by Colombia's National Electoral Council for the alleged violation of financing limits during President Petro's presidential campaign in 2022. The company also said Colombia's Procurator General's Office visited its headquarters over a $5.8M legal contract with U.S.

firm Covington & Burling, reportedly signed without board approval. Ecopetrol (EC [https://seekingalpha.com/symbol/EC]) has faced allegations of mismanagement and political interference by President Petro, who also reiterated his call for the company to divest its U.S. fracking operations. MORE ON ECOPETROL * Ecopetrol: Too Much Value To Give Up, Too Many Doubts To Enter [https://seekingalpha.com/article/4788025-ecopetrol-too-much-value-to-give-up-too-many-doubts-to-enter] * Ecopetrol Is The Victim Of Bad Policies [https://seekingalpha.com/article/4777465-ecopetrol-stock-victim-bad-policies] * Ecopetrol Q1 2025 Earnings Call Transcript [https://seekingalpha.com/article/4783094-ecopetrol-s-a-ec-q1-2025-earnings-call-transcript]

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