#Ecopetrol #Colombia #Bogota #Corporate Governance #Shareholders' Meeting

Ecopetrol Shareholders' Meeting Recap

On March 27, 2026, Ecopetrol S.A., Colombia's largest energy company, convened its Ordinary General Shareholders' Meeting at precisely 9:21 a.m. During this important gathering, various crucial decisions were made, reflecting the company's direction and the priorities of its stakeholders.

Meeting Highlights

Approval of Agenda

The shareholders unanimously approved the proposed agenda, enabling productive discussions on the various matters scheduled for consideration.

Leadership Appointments

A significant moment occurred with the appointment of Mr. Germán Ávila, the Minister of Finance and Public Credit, as the Chairman of the General Shareholders' Meeting, underscoring the strong connection between governance and public policies.

Moreover, the meeting appointed the Elections and Vote-Counting Committee and the Committee for Reviewing and Approving Minutes, ensuring all procedural aspects were fully adhered to, as suggested by fellow shareholders Amparo del Pilar González and Edisson Forero, respectively.

Corporate Governance Report

In a notable presentation, Dr. Luis Felipe Henao Cardona, Chairman of the Corporate Governance and Sustainability Committee, delivered a comprehensive overview of the Board of Directors' Corporate Governance Report. This was framed within the context of Ecopetrol's adherence to internal regulations and Colombia’s Corporate Governance best practices. The shareholders consented to this report, which is integral to the 2025 Integrated Management Report, thereby reflecting the company's transparent governance policies.

Integrated Management and Financial Reports

Following the governance discussions, Ecopetrol’s President shared vital information regarding the 2025 Integrated Management Report. This essential document received approval, and interested stakeholders can access it on the company’s official website.

Additionally, the audited individual and consolidated financial statements presented at the meeting were also approved. This transparency in financial reporting aligns with Ecopetrol's commitment to its shareholders and the broader community.

Profit Distribution Proposal

One of the more pronounced discussions revolved around the profit distribution plan. In a landmark decision, shareholders endorsed a proposal by Colombia's Ministry of Finance, which allows for an ordinary dividend of COP $121 per share. This significant dividend shows Ecopetrol's commitment to returning value to its shareholders. Furthermore, there is an expectation for payments to be processed by April 30, 2026, ensuring timely returns to investors.

Shareholders also approved an allocation of COP $20.7 trillion for an occasional reserve, intended to enhance the company’s operational flexibility in executing its strategic initiatives.

Merger Approval

Another significant outcome of the meeting was the approval of an important merger between Ecopetrol and Parque Solar Portón del Sol S.A.S. By merging with this renewable energy entity, Ecopetrol positions itself to broaden its scope in sustainable energy solutions, reflecting an increasing focus on environmental concerns within corporate strategies.

Bylaws Amendment Proposal

In contrast, a proposal for amendments to Ecopetrol's bylaws suggested by Colfondos S.A. was not approved. The decision reflects shareholder consensus on the need to maintain certain governance structures while still advancing the company's vision.

Conclusion

Ecopetrol continues to affirm its standing as a pivotal entity within Colombia’s energy sector, making strategic decisions that promise not only to reinforce its market position but also to respond to environmental and social governance expectations. With a workforce exceeding 19,000, the company is dedicated to maintaining leadership within the Americas' energy landscape, successfully navigating challenges while planning for sustainable growth. This shareholders’ meeting signifies an ongoing dedication to shareholder engagement, corporate governance, and progressive strategy.

For further details, interested parties are encouraged to visit the Ecopetrol corporate website or reach out to their Investor Relations Department for inquiries.