Loading…
Colombia's state-controlled oil major, producing oil and gas and operating the country's main refineries and pipelines.
Colombia's state-controlled oil major, producing oil and gas and operating the country's main refineries and pipelines.
Sells crude oil at international benchmark prices, and refined fuels at home where the government influences prices; the Colombian state holds a large majority of the shares. Buying electricity-transmission group ISA in 2021 added regulated, steadier income alongside oil.
Moat: narrow (scale, regulatory licence, installed base). Dominant position in Colombian production, refining and pipeline infrastructure, backed by state ownership.
Headquarters: Bogota, Colombia · Founded: 1951
Size Ecopetrol SA Sponsored ADR (EC) is a United States Energy company (Integrated Oil) with a market value of $32.6B, the 339th largest of 3,117 United States companies the cockpit tracks. Shares closed at $15.55 on 6 Nov 2026.
Performance Over six months the shares gained 23.0%, against +3.7% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 6.5% over the last twelve months (peer median +17.4%); the operating margin is 22.5% (peer median 25.5%).
Valuation It trades at 6.5× forward earnings against a peer median of 8.0× (4th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is -23 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.7 points above its cost of capital (6.5% WACC).
Short interest Short interest is 0.4% of the free float (15 Oct 2026).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $32.3B | $28.9B | $31.0B | $28.5B | $29.3B |
| Revenue growth | — | -7% | +9% | -3% | — |
| Gross profit | $10.0B | $8.13B | $9.01B | $7.35B | $7.66B |
| EBITDA | $11.4B | $9.89B | $10.7B | $8.61B | $8.83B |
| Net income | $3.50B | $2.23B | $3.66B | $4.41B | $7.84B |
| Free cash flow | $4.08B | $4.29B | $7.39B | $1.44B | $5.73B |
| Capital expenditure | $5.54B | $5.41B | $5.13B | $5.57B | $5.14B |
| Total debt | $30.4B | $28.9B | $27.2B | $27.3B | $23.7B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Ecopetrol SA Sponsored ADR EC | $32.6B | +23% | +6% | 22% | 6.5× | -6.7% |
| Petroleo Brasileiro SA Sponsored ADR PBR | $118B | -9% | +21% | 35% | 3.7× | -19.8% |
| YPF SA Sponsored ADR YPF | $17.8B | -9% | -14% | 22% | 4.9× | n/a |
| ExxonMobil XOM | $677B | +16% | +21% | 14% | 11.8× | -5.9% |
| Shell Plc Sponsored ADR SHEL | $290B | +18% | +18% | 16% | 8.2× | -16.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | EC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.2% | -4.8% | 5th lowest of 21 |
| 6-month return | +23.0% | +3.7% | 3rd highest of 21 |
| Distance from 52-week high | -15.4% | -18.1% | 6th highest of 21 |
| Revenue growth (TTM) | +6.5% | +17.4% | 6th lowest of 21 |
| Operating margin | 22.5% | 25.5% | 8th lowest of 21 |
| Forward P/E | 6.5× | 8.0× | 4th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -6.7% | -10.9% | 8th most demanding of 20 |
| Growth delivered (Del g) | +15.9% | +18.1% | 7th lowest of 20 |
| Hurdle (Req g minus delivered) | -22.5 pp | -30.6 pp | 6th most demanding of 20 |
| ROIC minus cost of capital | +2.7 pp | +7.7 pp | 7th lowest of 21 |
| EV / EBITDA | 5.9× | 4.3× | 5th most expensive of 21 |
| Net debt / EBITDA | 2.4× | 0.7× | most indebted of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ecopetrol SA Sponsored ADR EC | United States | $32.6B | +23% | +6% | 22% | 6.5× | -6.7% | +15.9% |
| EQT EQT | United States | $30.9B | -12% | +18% | 42% | 16.0× | -1.9% | +25.7% |
| Oil & Natural Gas ONGC.NS | India | $30.8B | -18% | +7% | 9% | 5.6× | -12.6% | +14.9% |
| Repsol REP.MC | Spain | $36.2B | +34% | +24% | 13% | 4.7× | -20.1% | +10.5% |
| Inpex 1605.T | Japan | $25.9B | -16% | -8% | 49% | 7.4× | -14.4% | +21.1% |
| Devon Energy DVN | United States | $46.4B | -7% | +18% | 24% | 7.6× | 0.9% | +31.5% |
| Indian Oil IOC.NS | India | $21.9B | 0% | +23% | 7% | 20.8× | -2.3% | +16.4% |
| Aker BP AKRBP.OL | Norway | $21.6B | -8% | +4% | 70% | 7.8× | -15.4% | +32.7% |
| Cenovus Energy CVE.TO | Canada | $50.2B | 0% | +12% | 21% | 6.7× | -14.4% | +29.7% |
| Expand Energy EXE | United States | $19.5B | -11% | +20% | 20% | 10.8× | -7.6% | +20.3% |
| Occidental Petroleum OXY | United States | $56.4B | +7% | -11% | 23% | 9.1× | -2.5% | +4.7% |
| Permian Resources PR | United States | $18.2B | +10% | +13% | 36% | 8.1× | -2.0% | +54.2% |
| Imperial Oil IMO.TO | Canada | $59.5B | +3% | +19% | 14% | 10.5× | -0.2% | +17.1% |
| YPF SA Sponsored ADR YPF | United States | $17.8B | -9% | -14% | 22% | 4.9× | n/a | n/a |
| Ovintiv OVV | United States | $16.3B | +5% | +14% | 29% | 7.1× | -10.9% | +9.4% |
| APA APA | United States | $15.6B | +26% | -12% | 41% | 7.5× | -20.0% | +15.0% |
| Whitecap Resources WCP.TO | Canada | $14.4B | +6% | +73% | 38% | 8.8× | -7.1% | +44.8% |
| EOG Resources EOG | United States | $77.2B | +13% | +17% | 35% | 8.3× | -13.5% | +17.9% |
| Var Energi VAR.OL | Norway | $13.3B | +7% | +48% | 55% | 6.9× | -19.6% | +26.6% |
| Suncor Energy SU.TO | Canada | $81.0B | +12% | +27% | 24% | 8.6× | -11.7% | +14.7% |
| Canadian Natural Resources CNQ.TO | Canada | $101B | +12% | +18% | 27% | 10.3× | 2.8% | +18.1% |