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Investlytic score: 2/5 criteria met. Data as of 01/11/2026.
- ❌ Price trend failed
- ⚠️ Mixed growth
- ❌ Debt failed
- ✅ P/E passed
- ✅ Correction passed
Price trend
Overall trend (8 years): insufficient progression (less than x1.5).
Price change 2018 → 2019: 25.69%
Price change 2019 → 2020: -35.32%
Price change 2020 → 2021: -0.15%
Price change 2021 → 2022: -18.77%
Price change 2022 → 2023: 13.85%
Price change 2023 → 2024: -33.56%
Price change 2024 → 2025: 26.52%
Price change 2025 → 2026: 60.57%
Price change 2026 (year to date): 57.43%
Financial growth
Revenue CAGR (8 years): 7.18%
Earnings CAGR (8 years): -4.25%
Growth status: positive trend (>1%/yr) in revenue OR earnings, but not both.
Debt
Debt-to-equity ratio: 1.30
Debt/equity > 0.5 (maximum threshold).
P/E (Price/Earnings)
P/E ratio: 9.33
P/E < 25.0 (maximum threshold).
Correction (6 months)
Current correction: 11.89% from the high over 6 months.
Correction between 10.0% and 20.0% (target range).
Criteria of the Investlytic model
- / 5Free with the Investlytic logo. Paste this line into your page: options.
<script src="https://investlytic.co/encart.js" data-symbole="EC" data-lang="en"></script>Price trend
Price & trend
Interactive chart →💰 Dividend
Dividend ranking →⚖️ Comparison with the market
All stocks →| Stock | P/E | Dette/FP | Revenue growth | Rating |
|---|---|---|---|---|
| Ecopetrol S.A. | 10.0 | 1.30 | +6.7 % | 🔒 |
| Occidental Petroleum Corporation | 14.5 | 0.67 | +0.9 % | – |
| ConocoPhillips | 19.9 | 0.36 | −7.5 % | ★ 4/5 |
| TotalEnergies SE | 11.5 | 0.53 | −0.2 % | – |
| Rubis | 10.8 | 0.79 | +10.6 % | – |
Data from the Investlytic screener. The rating of the stock being viewed is reserved for members.
Detailed analysis · Price trend
-
Revenues & profits
Revenue and net income
Financial indicators
Annual financial statements
| Fiscal year | Revenue | Net income | Net margin | EPS | Revenue growth |
|---|
Key reported figures
Revenue, net income and net margin reported by Ecopetrol S.A. over the latest fiscal years.
| Fiscal year | Revenue | Net income | Net margin | Revenue growth |
|---|---|---|---|---|
| 2020 | 15.5 bn | 490 m | 3.2 % | n/a |
| 2021 | 28.4 bn | 4.8 bn | 17.0 % | +82.9 % |
| 2022 | 49.3 bn | 9.8 bn | 19.8 % | +73.7 % |
| 2023 | 44.2 bn | 6.5 bn | 14.7 % | -10.3 % |
| 2024 | 41.2 bn | 4.3 bn | 10.4 % | -6.9 % |
| 2025 | 34.4 bn | 2.6 bn | 7.5 % | -16.4 % |
Amounts converted to USD. Source: published annual accounts, collected on 06/11/2026.
Accounts and financial health
Balance sheet and cash flow published by Ecopetrol S.A. over the last fiscal years, strength scores and valuation by discounted cash flow (DCF).
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and investments | 16,177 bn | 16,563 bn | 14,197 bn | 14,906 bn | 12,519 bn |
| Total Debt | 95,061 bn | 115,135 bn | 105,816 bn | 119,965 bn | 109,084 bn |
| Net Debt | 80,511 bn | 99,734 bn | 93,479 bn | 105,911 bn | 98,401 bn |
| Equity | 68,490 bn | 91,035 bn | 78,392 bn | 83,697 bn | 83,671 bn |
| Total assets | 242,427 bn | 306,370 bn | 282,281 bn | 301,345 bn | 283,834 bn |
| Operating cash flow | 21,221 bn | 36,280 bn | 14,422 bn | 42,828 bn | 25,297 bn |
| Investments (capex) | 14,340 bn | 23,922 bn | 22,291 bn | 22,603 bn | 20,431 bn |
| Free cash-flow | 14,622 bn | 26,693 bn | 5,771 bn | 32,544 bn | 16,195 bn |
| Share buybacks | 0 | 92.8 bn | 41.4 bn | 33.1 bn | 16.8 bn |
| Dividends paid | 2,989 bn | 14,605 bn | 5,155 bn | 16,811 bn | 10,913 bn |
Amounts in COP, currency of the published accounts.
Trailing 12-month ratios
Altman Z: default risk estimated from the balance sheet and earnings. Piotroski: 9 tests on profitability, debt and efficiency. DCF: estimated value from discounted future cash flows, a model and not a forecast. Source: annual accounts published by the company, data as of 09/11/2026.
Valuation and competitors
Ecopetrol S.A. compared with its sector on the same exchange and with its main competitors.
Direct competitors
| Company | Market cap (USD) | P/E | Net margin |
|---|---|---|---|
| Ecopetrol S.A. | 35.3 bn | 10.0 | 7.5 % |
| Petróleo Brasileiro S.A. - Petrobras PBR | 142 bn | 5.3 | 22.1 % |
| YPF Sociedad Anónima YPF | 18.4 bn | 24.7 | -4.7 % |
| Chevron Corporation CVX | 465 bn | 21.7 | 6.7 % |
| Exxon Mobil Corporation XOM | 770 bn | 22.6 | 8.9 % |
| Shell plc SHEL | 309 bn | 12.1 | 6.7 % |
| BP p.l.c. BP | 132 bn | 10.3 | 0.0 % |
| Suncor Energy Inc. SU | 93.8 bn | 14.3 | 12.1 % |
| Sector median (NYSE) | 15.1 |
Trailing 12-month P/E. Sector: median of companies in the same sector listed on the same exchange, collected on . Competitors: comparable companies named by the data provider.
Analyst consensus and forecasts
What the financial analysts covering Ecopetrol S.A. publish: ratings, price targets and earnings forecasts.
Breakdown of ratings
Average target over the last 3 months: 17.57 USD (3 targets).
Analyst forecasts
| Fiscal year | Revenue | Net income | Expected EPS (range) | P/E on this EPS | Analysts |
|---|---|---|---|---|---|
| 2026 | 127,095 bn | 16,623 bn | 8,099.22 (7,486.13 / 8,680.04) | n/a | 4 |
| 2027 | 120,120 bn | 13,521 bn | 6,587.82 (4,757.87 / 8,417.77) | n/a | 4 |
| 2028 | 118,033 bn | 12,630 bn | 6,153.74 (5,256.35 / 7,132.58) | n/a | 2 |
Amounts in COP, the reporting currency.
Track record against expectations: reported EPS above consensus 3 times over the last 12 releases.
Rating changes (12 months)
| Date | Firm | Before | After |
|---|---|---|---|
| 29/10/2026 | Jefferies | Underperform | Hold |
| 14/08/2026 | UBS | Neutral | Neutral |
| 03/06/2026 | Citigroup | Buy | Neutral |
| 01/06/2026 | JP Morgan | Neutral | Neutral |
| 27/05/2026 | UBS | Neutral | Neutral |
Source: ratings and forecasts published by analysts, collected on 07/11/2026. An analyst rating or target is not a guarantee.
Dividends and earnings
Ecopetrol S.A.: dividend history, last distributions, stock splits and earnings releases.
Annual dividend per share (USD), adjusted for splits. Light bar: current year, incomplete. Red bar: lower than the previous year.
Latest ex-dividend dates
| Ex-dividend | Amount | Payment |
|---|---|---|
| 29/04/2026 | 0.649 USD | 07/05/2026 |
| 26/06/2025 | 0.520 USD | 07/07/2025 |
| 28/04/2025 | 0.506 USD | 06/05/2025 |
| 03/04/2025 | 0.486 USD | 11/04/2025 |
| 25/06/2024 | 0.750 USD | 03/07/2024 |
| 04/04/2024 | 0.821 USD | 10/04/2024 |
| 19/12/2023 | 1.01 USD | 29/12/2023 |
| 26/09/2023 | 0.969 USD | 12/10/2023 |
Earnings releases
Next release: 10/11/2026. Expected EPS: 0.62.
| Date | Published EPS | Expected EPS | Surprise |
|---|---|---|---|
| 03/08/2026 | 0.82 | 0.86 | -4.7 % |
| 12/05/2026 | 0.38 | 0.54 | -29.0 % |
| 04/03/2026 | 0.22 | 0.23 | -6.3 % |
| 11/11/2025 | 0.31 | 0.00 | +309,900.0 % |
| 13/08/2025 | 0.21 | 0.33 | -36.4 % |
| 06/05/2025 | 0.31 | 0.36 | -14.0 % |
Factual data: ex-dividend history and earnings calendar, as of 05/11/2026. A past dividend does not guarantee the next one.
Who owns the stock
Free float, institutional investors, large funds, executives and elected officials: declared positions in Ecopetrol S.A.
Sources: 13F filings (quarter shown), executives' Form 4 filings and US Congress members' disclosures, collected on 01/11/2026. Detailed disclosure obligations mainly apply to companies listed in the United States.
PEA and practical information
Rule applied: the French PEA accepts shares of companies headquartered in the European Union or the European Economic Area and subject to corporate income tax; ADRs and tax-exempt property companies (SIIC) are excluded. The institution holding the PEA confirms eligibility.
Frequently asked questions about Ecopetrol S.A.
What is the Ecopetrol S.A. share price?
Latest recorded price: 15.55 USD on 06/11/2026, for a market cap of 32.0 bn USD.
What is the revenue of Ecopetrol S.A.?
34.4 bn USD for fiscal year 2025, with net income of 2.6 bn USD (net margin 7.5 %).
Does Ecopetrol S.A. pay a dividend?
Yes. Latest dividend: 0.649 USD per share, ex-dividend on 29/04/2026. Over 12 months: 0.649 USD.
When does Ecopetrol S.A. report its next earnings?
The next release is expected on 10/11/2026. EPS expected by analysts: 0.62.
What do analysts say about Ecopetrol S.A.?
Out of 12 analysts: 3 buy or strong buy, 7 hold, 2 sell or strong sell. Average price target: 17.57 USD, i.e. +2.2 % from the share price.
What is the P/E ratio of Ecopetrol S.A.?
Trailing 12-month P/E of 9.0, against 15.1 for the sector median on the same exchange (10-year median: 19.4).
Is Ecopetrol S.A. stock eligible for the French PEA?
No: this listing is a depositary receipt (ADR), excluded from the PEA.
How many employees does Ecopetrol S.A. have?
18,903 full-time employees according to the latest published profile.
Who runs Ecopetrol S.A.?
Ricardo Roa Barragan is the company's chief executive.