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OFFON
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    ECOPETROL   COC04PA00016

ECOPETROL S.A.

(ECOPETROL)
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Business Summary
Ecopetrol S.A. is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company's segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company's Exploration and Production segment includes exploration, development and production activities in Colombia and abroad. The Company's Transportation and Logistics segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products, including diesel and biofuels. The Company's main crude oil pipeline systems' operating capacity is approximately 1.34 million barrels per day (BPD). The Company's main refineries are the Barrancabermeja refinery, which it directly owns and operates, and a refinery in the Free Trade Zone in Cartagena that is operated by Reficar S.A., a subsidiary of the Company. The Company also owns and operates two other minor refineries: Orito and Apiay.

Number of employees : 15 000 people.
Sales per Business
20192020Delta
Refining and Petrochemicals36 391 300.0050.6%24 777 100.0048.4% -31.91%
Exploration and Production30 617 000.0042.6%22 675 600.0044.3% -25.94%
Transport and Logistics3 785 130.005.3%2 555 380.005% -32.49%
Eliminations53 295.000.1%18 509.000% -65.27%
COP in Million
Sales per region
20192020Delta
Colombia34 305 100.0047.7%24 687 700.0048.3% -28.03%
United States17 094 800.0023.8%11 282 100.0022.1% -34%
Asia13 235 500.0018.4%9 403 680.0018.4% -28.95%
Central America and the Caribbean3 436 820.004.8%2 570 090.005% -25.22%
South America and Other1 494 120.002.1%1 295 470.002.5% -13.3%
Europe1 280 460.001.8%787 456.001.5% -38.5%
COP in Million
Managers
Name Title Age Since
Felipe Bayón Pardo President & Chief Executive Officer 55 -
Jaime Caballero Uribe Chief Financial Officer 46 2018
Andrés Mantilla Vice President-Innovation & Technology - -
Alberto Consuegra Granger Chief Operating Officer 60 2019
María Juliana Alban Durán Vice President-Compliance & Compliance Officer 45 2015
Carlos Gustavo Cano Sanz Vice Chairman 73 2019
Hernando Ramírez Plazas Independent Director 66 2018
Luis Guillermo Echeverri Velez Chairman 62 2019
Sergio Restrepo Isaza Independent Director 59 2019
Luis Santiago Perdomo Maldonado Independent Director 62 2019
Members of the board
Name Title Age Since
Luis Guillermo Echeverri Velez Chairman 62 2019
Carlos Gustavo Cano Sanz Vice Chairman 73 2019
Hernando Ramírez Plazas Independent Director 66 2018
Sergio Restrepo Isaza Independent Director 59 2019
Luis Santiago Perdomo Maldonado Independent Director 62 2019
Esteban Piedrahíta Uribe Independent Director 49 2019
Juan Emilio Posada Echeverri Independent Director 61 2019
Germán Eduardo Quintero Rojas Non-Independent Director 44 2021
Cecilia María Vélez White Independent Director - 2021
Equities
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 41,116,694,690 4,285,958,098 10.4% 0 0.0% 10.4%
Shareholders
NameEquities%
Government of Colombia 36,384,788,417 88.5%
BlackRock Fund Advisors 453,007,921 1.10%
The Vanguard Group, Inc. 129,368,321 0.31%
BlackRock Advisors (UK) Ltd. 31,626,852 0.077%
Norges Bank Investment Management 21,186,817 0.052%
Dimensional Fund Advisors LP 16,381,046 0.040%
SEB Investment Management AB 14,640,125 0.036%
Geode Capital Management LLC 13,967,418 0.034%
Charles Schwab Investment Management, Inc. 12,369,452 0.030%
Northern Trust Global Investments Ltd. 11,706,303 0.028%
Company contact information
Ecopetrol SA
Carrera 13
No. 36-24
Bogota, Capital District 110001

Phone : +57.1.234.4000
Fax : +57.1.234.4099
Web : http://www.ecopetrol.com.co