Mission Statement, Vision, & Core Values of Ecopetrol S.A. (EC)

You're looking at Ecopetrol S.A. (EC) and seeing a company that generated an EBITDA of COP 36.7 trillion in the first nine months of 2025 alone, but that impressive number is just the surface of a massive energy transition story.

With a 2025 investment plan of up to 28 trillion pesos and a goal to secure over 900 megawatts in renewable energy, the company's Mission, Vision, and Core Values are defintely the blueprint for how they plan to pivot from a record Q3 production of 751,000 barrels of oil equivalent per day.

Do these foundational statements-like their core value of 'Life first'-actually align with the capital allocation strategy, and what risks does a dual focus on hydrocarbons and transition energy present to that robust 40% EBITDA margin?

Ecopetrol S.A. (EC) Overview

You're looking for a clear-eyed view of Ecopetrol S.A. (EC), one of the most important energy plays in Latin America, and the takeaway is this: the company is a diversified, integrated giant that is navigating a tough crude price environment with strong operational efficiency and a pivot toward energy transition.

Ecopetrol S.A. is Colombia's largest company, a state-owned entity that has evolved from a national oil company into a fully integrated energy group. It operates across the entire hydrocarbon value chain-from exploration and production to refining, transportation, and marketing of crude oil and its derivatives. Plus, it's now a major player in electric power transmission and toll road concessions, especially after the integration of Interconexión Eléctrica S.A. (ISA).

For the first nine months of the 2025 fiscal year, Ecopetrol S.A. reported total revenues of COP 90.9 trillion (Colombian Pesos). That's a massive figure, but it reflects a complex business model that is less dependent on upstream (exploration and production) volatility than many of its peers, thanks to its midstream and downstream segments.

• Explore and produce crude oil, gas.
• Transport hydrocarbons and logistics.
• Refine and sell petrochemical products.
• Operate electric power transmission lines.

Latest Financial Performance: Navigating Headwinds with Operational Strength

The latest financial reports, covering the first nine months of 2025, show Ecopetrol S.A. is holding its ground despite a challenging market, which saw a decline in crude oil prices. For the nine-month period, the Ecopetrol Group delivered a cumulative Net Income of COP 7.5 trillion. That's a solid profit base, even as Q3 2025 revenue of COP 29.8 trillion marked a decline year-over-year due to lower crude prices and sales volumes.

Here's the quick math on operational performance: The company achieved a robust EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of COP 36.7 trillion for the nine months. This strong operational cash flow is a direct result of their efficiency program, which generated COP 4.1 trillion in savings by the end of the third quarter. That's 40% above their internal target, defintely a sign of disciplined management.

The company's average production for the first nine months was 751,000 barrels of oil equivalent per day (boe/d), nearing the top of their annual guidance range. The Refining and Petrochemical segment, which is a key revenue driver, also hit its second-highest quarterly throughput in history at 429,000 barrels per day.

Ecopetrol S.A.'s Industry Leadership and Future Focus

Ecopetrol S.A. is not just an energy company; it is an anchor for Colombia's energy security and a significant force on the American continent. It is responsible for more than 60% of the country's total hydrocarbon production and manages the majority of its transportation and refining systems. This kind of market dominance gives them a unique position, but also a huge responsibility for the country's energy transition.

The company is actively diversifying its portfolio, a critical move for long-term stability. They have increased their renewable energy capacity to 234 megawatts (MW) with projects like the La Iguana Solar Farm coming online. They're also investing in natural gas, securing environmental clearance for an LNG import and regasification unit at the Coveñas Marine Terminal. This is a clear action plan: use the cash flow from the core business to fund the future of energy. To understand the full scope of this strategy, you should look into Ecopetrol S.A. (EC): History, Ownership, Mission, How It Works & Makes Money.

Ecopetrol S.A. (EC) Mission Statement

As a seasoned analyst, I look at Ecopetrol S.A.'s (EC) mission not as a static plaque on a wall, but as the active, near-term strategy guiding their massive capital allocation. The core takeaway is this: Ecopetrol S.A. is strategically balancing its traditional hydrocarbon strength with an aggressive push into energy transition, all while maintaining strict financial discipline.

You need to understand that their overarching purpose, encapsulated in their Strategy 2040, is to be the 'Energy that Transforms,' which means securing the country's energy needs today while building the sustainable portfolio of tomorrow. This mission is the lens through which we view their 2025 investment budget, which is set to range between 24 trillion and 28 trillion pesos (Colombian Pesos). That's a huge commitment, and it forces a clear, three-part focus on execution.

Core Component 1: Reinforcing the Core Business

The first pillar of Ecopetrol S.A.'s operational mission is to maximize value from their traditional, high-quality hydrocarbon business-the engine that funds everything else. Honestly, if the core business falters, the energy transition stalls. Their 2025 plan dedicates over 50% of the total budget, or approximately 17.2 trillion pesos, to exploration and production.

This investment is directly aimed at sustaining production in the range of 740,000 to 750,000 barrels of oil equivalent per day (boe/d) for 2025. That's a clear, actionable target. Plus, they are targeting an average refinery load between 415,000 and 420,000 barrels per day (bpd), ensuring a consistent supply of refined, high-quality products like gasoline and diesel for the domestic market. This focus on operational excellence aligns perfectly with their core value: Passionate for excellence.

• Sustain production at 740,000-750,000 boe/d.
• Drill 455-465 development wells in 2025.
• Target 415,000-420,000 bpd refinery throughput.

Here's the quick math: keeping production stable offsets the natural decline of mature fields, which is defintely a challenge in this industry. The financial results for the first nine months of 2025 show this discipline yielding an EBITDA of COP36.7 trillion.

Core Component 2: Driving Energy Transition and Security

The second, and perhaps most forward-looking, component of their mission is the commitment to a fair and equitable energy transition (Energy Transition). This is where the 'high-quality services' aspect comes in, focusing on cleaner energy and decarbonization. They are not abandoning oil, but they are building a parallel business.

Ecopetrol S.A. has made substantial progress in its sustainability agenda as of Q3 2025, increasing its installed renewable energy capacity to 234 megawatts (MW), a 77% increase from the previous year. This includes projects like the La Iguana Solar Farm, which strengthens the energy supply for their own operations, like the Barrancabermeja refinery. Furthermore, their decarbonization strategy has already reduced greenhouse gas emissions by 379,000 tons of Tier 2 equivalent as of September 2025. They are putting their money where their mouth is, allocating 2.3 trillion pesos to transition energies in 2025.

What this estimate hides is the long-term risk of not diversifying; this investment is a hedge. You can see more about how the market views this shift in Exploring Ecopetrol S.A. (EC) Investor Profile: Who's Buying and Why?

Core Component 3: Sustainable Value Creation and Ethics

The final, foundational component is the commitment to generating sustainable value for all stakeholders, underpinned by their core value Always ethical. This isn't just about revenue; it's about how they get it. For 2025, the company successfully executed its efficiency and profitability agenda, contributing COP4.1 trillion in savings by the end of the third quarter, which was 40% above their internal target.

This financial discipline is what allows them to maintain a strong cash position of COP14.1 trillion as of September 2025. The ethical commitment is tangible: they were the first Colombian company to voluntarily publish their 2024 Financial Sustainability Report using the International Sustainability Standards Board (ISSB) framework. This transparency is crucial for investors in a state-controlled entity. The combination of financial rigor and ethical governance is what truly defines their mission's success.

Next Step: Review the company's Q4 2025 capital expenditure report to confirm the final allocation of the 24-28 trillion pesos budget against these three mission components.

Ecopetrol S.A. (EC) Vision Statement

You're looking for the real story behind Ecopetrol S.A.'s stock, and that starts with their direction. The headline is simple: Ecopetrol is not just an oil company anymore; its strategic vision, 'Energy that Transforms,' is a long-term pivot to a diversified energy group, aiming for zero net carbon emissions by 2050 (Scopes 1 and 2). This isn't just a marketing slogan; it's a capital allocation roadmap that directly impacts the 2025 budget.

The company's Mission, which guides this transformation, is to convert energy sources into sustainable value for all stakeholders, securing energy supply for the country while leading the energy transition in the Americas. To be fair, this is a massive undertaking, but the Estrategia 2040 breaks it down into four clear pillars. Here's the quick math on how they're executing this vision in the near term, specifically with the 2025 numbers.

Pillar 1: Grow with the Energy Transition

This is where the rubber meets the road. Ecopetrol is using its traditional cash flow to fund the future. For 2025, the total investment budget is projected to be between 24 trillion pesos and 28 trillion pesos. A significant portion of this, about 6.5 trillion pesos (or 24% of the budget), is earmarked for energy transition and transmission projects, which includes the ISA subsidiary. That's a defintely material allocation.

• Fund green hydrogen projects.
• Expand the electric power grid to 50,400 km.
• Develop Caribbean gas to boost national energy security.

They are actively managing the decline of traditional assets while building new ones. It's a two-speed strategy, and it's the only way to survive the next two decades in this sector.

Pillar 2: Generate Value with SosTECnibility

You can call this 'sustainable value generation through technology.' It means making the core hydrocarbon business as efficient and low-impact as possible, plus using technology to find new value. For 2025, the focus remains on the core business, with approximately 20.3 trillion pesos (or 76% of the budget) dedicated to profitable hydrocarbon production.

The operational targets are precise, not abstract: maintaining production between 740,000 and 745,000 barrels of oil equivalent per day (boe/d). That production is what generates the cash flow-the nine-month 2025 EBITDA of COP 36.7 trillion-that funds the other pillars. They're also drilling 455-465 development wells in 2025 to sustain that output.

Pillar 3: Advanced Knowledge and Competitive Returns

I've combined these because they are two sides of the same coin: using smarts to drive profitability. Advanced knowledge (or 'Conocimiento de Vanguardia') means deploying enhanced recovery technologies, which already represent 41% of total output as of September 2025, or about 308,000 boe/d. This is how they keep production high without major new finds. The other side, Competitive Returns, is the payoff.

The company is aiming for an estimated EBITDA margin of 39% for 2025 at a projected Brent price of $73/barrel. That's a strong margin, and it's what allows them to project transfers to the Nation of 35 trillion pesos. That kind of financial discipline is what keeps shareholders happy, even during a transition. You can read more about how their business model works here: Ecopetrol S.A. (EC): History, Ownership, Mission, How It Works & Makes Money.

Ecopetrol's Core Values: The Cultural Foundation

A strategy is only as good as the culture executing it. Ecopetrol's Core Values are the non-negotiables that underpin the Estrategia 2040:

• Life first: Taking care of people and the planet.
• Always ethical: Transparency and coherence in all actions.
• Passionate for excellence: Rigorous planning and honoring commitments.
• We respectfully listen and talk with clarity: Leading from diversity and inclusion.

The 'Life first' value, for example, is a direct counter to the old energy mentality, prioritizing the environment and safety over just meeting production goals. If onboarding takes 14+ days without a full safety briefing, churn risk rises-not just for employees, but for community trust, too. It's a holistic view of risk.

Next Step: Finance: Analyze the split between hydrocarbon and transition CAPEX in the final Q4 2025 report to confirm the 24% allocation.

Ecopetrol S.A. (EC) Core Values

You're looking for a clear map of Ecopetrol S.A.'s (EC) values, not just the words on a plaque, but how those values translate into real capital allocation and operational results. I get it. As an analyst who's seen two decades of energy shifts, I can tell you that a company's core values are only as good as the budget lines they influence. Ecopetrol's five core values are the defintely the driving force behind their balanced strategy, which is why they are committing a record investment budget of up to 28 trillion Colombian pesos for 2025, balancing traditional business strength with a significant energy transition push.

Here's the quick math: their strategy is a dual-engine one, dedicating approximately 76% of the 2025 budget to the core hydrocarbon business while earmarking the remaining 24%-about 6.5 trillion pesos-to energy transition and power transmission projects.

Life First: We Take Care of Ourselves and We Take Care of the Planet

This value is about more than just safety posters; it's Ecopetrol's commitment to environmental, social, and governance (ESG) performance, which is now a non-negotiable for long-term investors. It means prioritizing decarbonization efforts and ensuring safe operations across the board.

The company has made tangible progress on its sustainability agenda in 2025. By the end of the third quarter, Ecopetrol had successfully reduced greenhouse gas (GHG) emissions by 379,000 tons of Tier 2 equivalent. That's a significant cut, comparable to the annual energy consumption of roughly 300,000 Colombian households.

Their investment in renewable energy capacity is a concrete example of this value in action. They reached 234 megawatts (MW) of installed renewable energy capacity by the end of Q3 2025, which is a massive 77% increase compared to the same period in 2024. The commissioning of the La Iguana Solar Farm at the Barrancabermeja refinery was a key milestone in reaching this capacity.

• Reduced GHG emissions by 379,000 tons (9M 2025).
• Renewable capacity hit 234 MW (Q3 2025).
• Allocated 6.5 trillion pesos to energy transition (2025 budget).

Always Ethical: We Are Transparent and Coherent with Our Principles

In the energy sector, ethical conduct and transparency are the bedrock of maintaining a social license to operate, particularly for a state-controlled entity like Ecopetrol. This value demands rigorous compliance and candid disclosure.

Ecopetrol is showing its commitment to global standards by becoming the first Colombian company to voluntarily publish its first 2024 Financial Sustainability Report, which incorporates reference elements from the International Sustainability Standards Board (ISSB). This move signals a serious intent to align financial and sustainability reporting.

Furthermore, the company's dedication to ethical business practices was formally recognized with the attainment of the ISO 37001 certification, a global standard for anti-bribery management systems. They have a robust compliance system in place, which includes a mitigation plan to reduce risks related to access to capital markets and financial obligations. Honesty is not just policy; it's a risk management tool.

Passionate for Excellence: Our Commitment is to Obtain Exceptional and Sustainable Results

Excellence, in financial terms, means efficiency, discipline, and consistent delivery on operational targets. Ecopetrol's 2025 performance shows a clear focus on cost control and operational optimization.

Through their efficiency and profitability agenda, the company achieved significant savings of COP 4.1 trillion by the end of the third quarter of 2025. This rigorous control helped them navigate a challenging market environment marked by crude price and exchange rate volatility.

Operationally, they maintained a strong pace, with an average production of 751,000 barrels of oil equivalent per day (boed) over the first nine months of the year, nearing the top of their annual guidance range. Their cumulative EBITDA for the first nine months of 2025 stood at an impressive COP 36.7 trillion, maintaining a strong margin of 40.4%. You can find a deeper dive into these figures in Breaking Down Ecopetrol S.A. (EC) Financial Health: Key Insights for Investors.

We Respectfully Listen and Talk with Clarity: We Lead from Diversity and Inclusion

This value underpins the company's social license and human capital strategy. It's about building trust with employees and the communities where they operate, which ultimately reduces operational risk.

Ecopetrol has demonstrated its commitment to social investment with over COP 321 billion invested in its sustainable territorial development portfolio. This funding is directed toward generating inclusive economic and social growth in their operating regions.

Internally, the focus on employee well-being and a positive work environment is clear. The company saw its Workplace Environment Index, as rated by the Great Place to Work Institute, improve from 60 to a very satisfactory level of 68. This improvement shows that their focus on diversity and inclusion is translating into a better, more productive workplace.

We Are One Team: We Build Our Strength with Collaboration

In a diversified energy group, collaboration is the key to unlocking synergistic value (or, as I prefer, just making the pieces work better together). Ecopetrol's success relies on the seamless integration of its various business segments.

A prime example is the strategic integration of its subsidiary, Interconexión Eléctrica S.A. E.S.P. (ISA). In the 2025 budget, ISA is set to receive 6.5 trillion pesos in investments, with a massive 90% of that capital directed toward strengthening the electrical transmission network. This investment is not just for ISA; it's a group-level action to ensure energy security and regional leadership.

The company's midstream segment, which handles transportation, also reaffirmed its operational recovery in Q3 2025, transporting an average of 1,118,000 barrels per day. This steady flow is a direct result of coordinated operations between the production and refining segments, proving that breaking silos works. The integration of the hydrocarbon business and the leveraging of existing infrastructure synergies are what generated greater value, helping the Group navigate market challenges.