Ecopetrol is Colombia's national oil company and the largest company in the country by market cap. It operates across the oil, gas, and petrochemical value chain and has a growing renewables portfolio. The Petro government's opposition to new oil exploration contracts has created a reserve-replacement overhang that will weigh on long-term production; near-term, existing reserves continue to generate strong free cash flow. Attractive dividend yield (~8%) reflects both the cash generation and the political discount. ISA (transmission infrastructure) acquisition adds regulated earnings.
Thesis reviewed May 29, 2026
Ecopetrol S.A. is headquartered in Colombia, which is currently showing moderate signals.
🇨🇴Colombia51NEUTRALView Colombia risk detail →⚡Energy90REDUCE| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| WDS | Woodside Energy Group Ltd | 90 | +10% | ↓99% | ENTRY |
| SU | Suncor Energy Inc. | 90 | +14% | ↓99% | ENTRY |
| CVE | Cenovus Energy Inc. | 90 | +17% | ↓99% | ENTRY |
| PTR | PetroChina Company Limited | 90 | +8% | ↓99% | NEUTRAL |
| TTE | TotalEnergies SE | 90 | +10% | ↓99% | ENTRY |
| BP | BP plc | 90 | -10% | ↓99% | AVOID |
| FTI | TechnipFMC plc | 90 | +20% | ↓99% | ENTRY |
Investors who hold ECOPETROL may also have indirect exposure through these country funds.
Ecopetrol Q4 production guidance maintained at 755-785 mboe/d despite exploration freeze
ISA transmission subsidiary wins major Colombia-Ecuador interconnection contract
Colombian energy minister signals partial relaxation of offshore exploration ban