Ecopetrol plays the campaign and celebrates 15 years of action in the BVC

Ecopetrol plays the campaign and celebrates 15 years of action in the BVC

With the emblematic ringing of the bell marking the start of daily stock market activity, Ecopetrol marks the 15th anniversary of the listing of its shares on the Colombian Stock Exchange (BVC).

Since the capitalization process in November 2007, the oil company has almost 254 thousand direct shareholders and more than 18 million citizens have part of their savings through pension funds.

The oil company said these 15 years have paid out $107.6 billion in dividends, including $95.5 billion for the Nation and $12.1 billion for natural and legal entities. In addition, the cumulative dividend is $2,846 per share.

In turn, it is the most liquid stock in the market and the largest market cap issuer on the BVC with $100.7 billion pesos as of October 31, representing 30% of the market cap of the total Colombian stock market.

“The capitalization process has enabled us to have a solid business, in rapid growth and the backbone to maintain national energy sovereignty with great benefits to the country, reflected in the increase in job creation, greater socio-environmental investment, increased contracting of goods and services, and increased transfers to the nation,” said Felipe Bayón, president of Ecopetrol.

The leader recalled that the company has transferred more than $254 billion in royalties, taxes and dividends to the Nation in the past decade. Over the past 5 years, the annual average has been $20 billion.

Similarly, the company’s production increased 80% between 2007 and 2022, from 399 thousand barrels of oil equivalent per day (Kboed) to 720 Kboed, while reserves grew 60% from 1,253 million barrels of oil equivalent (MBPE) to 2,001. MBPE in 2021 and refining increased from 330 thousand barrels per day (Kbpd) to about 400 Kbpd in 2022.

Source: El heraldo