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Ecopetrol (EC) Reaches Four-Year High in Proven Reserves with 121% Replacement Ratio

Ecopetrol (NYSE:EC) is one of the most undervalued stocks under $30 to buy. On February 19, Ecopetrol Group reported an increase in its proven oil and gas reserves (1P) for 2025, reaching 1.944 billion barrels of oil equivalent/mmboe. This represents a 2.7% growth compared to the previous year and the highest reserve level recorded by the company in the last four years. Despite a 13.9% drop in the average Brent reference price, the company achieved a robust reserves replacement ratio of 121%, meaning it added more resources to its portfolio than it extracted during the year.

The growth was driven by the success of enhanced recovery projects in the Castilla, Chichimene, and Akacias fields, alongside improved operational efficiency at Rubiales and La Cira–Infantas. Technical revisions and contract extensions with the ANH further supported the figures, contributing 100 mmboe to the total. As a result of these efforts, the Ecopetrol Group now maintains an average reserve life of 7.8 years, underscoring its long-term operational sustainability within a volatile market.

As Colombia’s largest integrated energy company, Ecopetrol (NYSE:EC) continues to manage over 60% of the country’s hydrocarbon production while expanding its international footprint in the Permian Basin, the Gulf of Mexico, and Brazil. Beyond oil and gas, the group maintains a diverse portfolio including energy transmission and road concessions through its majority stake in ISA.

Ecopetrol (NYSE:EC) is an integrated energy company that operates through four segments: Exploration & Production, Transport & Logistics, Refining & Petrochemicals, and Electric Power Transmission & Toll Roads Concessions.

While we acknowledge the potential of EC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than EC and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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  • 175 Teslas
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  • 140 Metas
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  • 65 Microsofts
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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
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