Ecopetrol (EC) Climbs 8.8% as Firm Sees Opportunity in Oil Rally

Ecopetrol SA (NYSE:EC) is one of the Stocks to Watch Right Now.

Ecopetrol snapped two days of losses on Thursday, jumping 8.80 percent to end at $12.61 apiece, as investors took heart from its aggressive expansion initiative as it eyes to take advantage of the surging oil prices globally.

According to CEO Ricardo Roa following Ecopetrol SA’s (NYSE:EC) earnings release, the company would review its investment plan in April should oil prices continue to rise.

EcoPetrol

Photo from Ecopetrol website

It is also setting its sights on partnering with Venezuela amid the latter’s abundance of crude oil products.

It can be recalled that the US took control of Venezuelan oil in January this year after it captured its president, Nicolas Maduro, for alleged narco-trafficking.

Additionally, Ecopetrol SA (NYSE:EC) Chief Finance Officer Camilo Barco said that the company may need to take on additional debt if it sees huge opportunities for inorganic growth, including acquisition or asset purchases.

In other news, Ecopetrol SA (NYSE:EC) announced the distribution of 110 Colombian peso worth of dividends per share held, equivalent to a payout of 50.1 percent of its 2025 net income, payable no later than April 30, 2026.

Last year, the company dropped its net income by 39 percent to 9.03 trillion Colombian pesos from 14.9 trillion Colombian pesos in 2024, as total sales dropped by 10.2 percent to 119.7 trillion Colombian pesos from 133.3 trillion Colombian pesos year-on-year.

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