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Ecopetrol files its Form 20-F for the Fiscal Year 2024

1. Ecopetrol filed its annual Form 20-F report with the SEC. 2. The report includes audited financial statements compliant with international standards. 3. Ecopetrol is the largest Colombian company and a major energy player in the Americas. 4. Company's activities span production, refining, and gas distribution across multiple countries. 5. Forward-looking statements highlight risks related to market conditions and oil prices.

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Why Bullish?

Ecopetrol's compliance with SEC strengthens credibility and investor confidence, akin to positive reactions seen in other firms post-reporting. For example, Petrobras saw a stock uptick after showing stable reporting practices.

How important is it?

The article's focus on regulatory compliance and financial statements has direct implications for investor sentiment and stock performance.

Why Long Term?

Transparent reporting often leads to sustained investor trust, capital access, and profitability improvements over time, as seen with other publicly traded energy companies post-F20 filings.

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PBRCVXXOM
, /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs the filing of its annual report under Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (the "SEC"). With the filing of its annual report under Form 20-F, the Company complies with its reporting obligations with the SEC, the New York Stock Exchange (NYSE), bondholders, and investors. The annual report includes, among others, the financial statements of Ecopetrol in accordance with International Financial Reporting Standards (IFRS) as adopted by the International Accounting Standards Board that were audited and certified in compliance with internal control over financial reporting by the Independent Registered Public Accounting Firm Ernst & Young Audit S.A.S. for the years 2022, 2023 and 2024. The 2024 Form 20-F can be found at the following link: https://www.sec.gov/ix?doc=/Archives/edgar/data/0001444406/000141057825000839/ec-20241231x20f.htm Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements.  For more information, please contact: Head of Capital MarketsCarolina Tovar AragónEmail: [email protected]  Head of Corporate Communications (Colombia) Marcela Ulloa Email: [email protected]  SOURCE Ecopetrol S.A. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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