Colombia's Superintendency of Industry and Commerce (SIC) has officially closed its investigation into Ecopetrol and its subsidiaries regarding alleged contract steering for helicopter services from 2011 to 2023. The SIC found no evidence of anti-competitive behavior and confirmed the contracting processes were competitive and justified on technical and safety grounds. As a result, Ecopetrol and its subsidiaries will not face fines that could have reached approximately COP 525 billion. The decision supports Ecopetrol's commitment to transparency and free competition, though it remains subject to a possible reconsideration motion within ten business days.
Following the closure of the investigation into Ecopetrol and its subsidiaries, the company's shares show a modest positive movement. On Pluang, Ecopetrol (EC) trades at USD 15.43 with a 1-day gain of 0.72% as of Nov 14, 2026 09:01 WIB. The stock holds a market capitalization of $30.16 billion and offers a dividend yield of 4.24%, reflecting steady investor interest despite recent scrutiny.
Ecopetrol successfully priced a $2 billion bond offering due in 2034 with a 7.875% coupon, attracting strong demand from global investors. The order book reached $6.93 billion, about 3.5 times the offering size, allowing the company to secure favorab...
Ecopetrol's Board of Directors has appointed Gladys Vega Valencia as Corporate Vice President of Organizational Talent, with her tenure starting by November 17, 2026. Ms. Vega brings over 27 years of experience in human resources leadership across ma...
