Ecopetrol forecasts third-quarter revenue of 33–36T pesos

Ecopetrol: Ecopetrol is Colombia's largest integrated energy company and a majority state-controlled entity focused on the full hydrocarbons value chain including exploration, production, refining, transport, and gas distribution. It also engages in energy transmission and infrastructure projects with operations extending to several countries in the Americas. In the context of the reported revenue outlook, the company recently appointed a new chief executive with close ties to the national government and continues to advance offshore gas exploration partnerships while receiving affirmation of its standalone credit profile. Leadership: The company recently appointed a new chief executive with ties to Colombia's president as part of efforts to strengthen its management team. Exploration: Ecopetrol has partnered with a Brazilian energy firm to complete a major offshore natural gas exploration campaign in the Colombian Caribbean. Credit Standing: A major rating agency recently affirmed the company's standalone credit profile within investment grade alongside its national ratings.