Ecopetrol Approves Increased Investment Budget for 2025

Ecopetrol's board has approved a significant investment budget for 2025, ranging between 24-28 trillion pesos, reflecting a positive trend of increasing investments compared to the previous year, according to a recent report.

Date: 30-11-2024

AI Rating: 7

Ecopetrol (EC) has set a substantial investment budget for 2025, which ranges from 24 to 28 trillion pesos. This increase in investment levels compared to 2024 can positively affect the company's growth prospects and confidence among investors.

Of the total budget, around 20.3 trillion pesos, equating to 76%, will be allocated to profitable production. This includes production targets of 740,000 to 745,000 barrels of oil equivalent per day and refinery loads averaging between 415,000 and 420,000 barrels per day. The planned transportation capability stands at 1.13 million to 1.17 million barrels per day, indicating robust operational planning.

The remaining portion of approximately 6.5 trillion pesos (24% of the annual budget) is directed towards projects focusing on Energy Transition as well as Energy Transmission and Roads. This allocation suggests a forward-thinking approach, aligning with global trends toward sustainable energy practices.

Stocks: ECP