Ecopetrol Files Form 20-F for 2024, Signaling Strong Compliance with SEC Regulations

Ecopetrol Files Form 20-F for Fiscal Year 2024

Ecopetrol S.A., Colombia's largest oil and gas company, announced on April 24, 2025, that it has completed the filing of its Form 20-F annual report for the fiscal year ending December 31, 2024. This significant regulatory filing demonstrates the company's commitment to transparency and compliance with requirements set by the U.S. Securities and Exchange Commission (SEC).

The Form 20-F is essential for foreign companies that trade on U.S. exchanges, allowing them to provide a comprehensive overview of their financial performance and operational activities. Ecopetrol's submission not only fulfills its obligations to the SEC and the New York Stock Exchange (NYSE) but also to its bondholders and shareholders, ensuring that investors have access to crucial information regarding its financial health and operational strategy.

Included in this annual report are audited financial statements that comply with International Financial Reporting Standards (IFRS) as established by the International Accounting Standards Board. These financial documents were rigorously audited and certified by Ernst & Young Audit S.A.S., validating Ecopetrol’s adherence to internal controls over financial reporting for the years 2022, 2023, and 2024.

A brief overview of Ecopetrol reveals the company's stature in the energy sector. With over 19,000 employees, it accounts for more than 60% of Colombia's hydrocarbon production and plays a critical role in the transportation, logistics, and refining of hydrocarbons. The company is not only a leader in Colombia but also has a robust international presence. Its recent acquisition of a 51.4% stake in Interconexión Eléctrica S.A. (ISA) expands its reach into energy transmission and signals its strategic position in the region’s energy market. The company also manages vital infrastructure projects, including real-time systems and highway concessions.

Ecopetrol’s international operations are equally impressive. The firm has strategic operations in key basins across North America, including the Permian Basin and the Gulf of Mexico, as well as exploration activities in Brazil and Mexico. Through ISA and its subsidiaries, Ecopetrol has established itself in power transmission across South America, including major markets in Brazil, Chile, Peru, and Bolivia.

While the company continues to expand its operations and enhance its market standing, management has issued a cautionary note regarding forward-looking statements made in the filing. Factors such as oil and gas prices, market conditions, and regulatory changes could impact future growth. As such, Ecopetrol advises stakeholders that actual results may differ from projections due to these uncertainties and risks.

For anyone interested in reviewing the full details of the Form 20-F filing, it is publicly available and can be accessed at the SEC's official website.

Ecopetrol's focus on maintaining compliance and showcasing strength in financial reporting not only enhances investor confidence but also positions itself as a responsible leader within the international energy sector. As the company continues to adapt to market demands and regulatory landscapes, its path forward remains one to watch closely within both the Colombian and global contexts.

For further inquiries regarding this matter, interested parties can reach out to the Head of Capital Markets, Carolina Tovar Aragón, at [email protected], or the Head of Corporate Communications (Colombia), Marcela Ulloa, at [email protected].