BOGOTA, Colombia, March 3, 2015 /PRNewswire/ -- Ecopetrol S.A.
(BVC: ECOPETROL; NYSE: EC; TSX: ECP) announces its earnings
distribution proposal for the year 2014 as approved by the
company's Board of Directors; which will be presented for
consideration by the Shareholder's General Assembly at its meeting
on March 26, 2015:
- It is proposed that 70% of net earnings of Ecopetrol S.A. for
2014 be distributed as an ordinary dividend.
- The ordinary dividend would be COP$133.00 per share.
The number of dividend payments will be decided by the
Shareholder's General Assembly.
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Ecopetrol is the largest company in Colombia and is an integrated oil & gas
company; it is among the top 50 oil companies in the world and
among the four top ones in Latin
America. Besides Colombia -
where it generates over 60% of the national production - it has
exploration and production activities in Brazil, Peru
& the US (Gulf of Mexico).
Ecopetrol owns the largest refinery in Colombia and most of the pipeline and
multi-product pipeline network in the country, and is significantly
increasing its participation in bio-fuels.
This release contains statements that may be considered forward
looking statements within the meaning of Section 27A of the U.S.
Securities Act of 1933 and Section 21E of the U.S. Securities
Exchange Act of 1934. All forward-looking statements, whether made
in this release or in future filings or press releases or orally,
address matters that involve risks and uncertainties, including in
respect of the Company's prospects for growth and its ongoing
access to capital to fund the Company's business plan, among
others. Consequently, changes in the following factors, among
others, could cause actual results to differ materially from those
included in the forward-looking statements: market prices of oil
& gas, our exploration and production activities, market
conditions, applicable regulations, the exchange rate, the
Company's competitiveness and the performance of Colombia's economy and industry, to mention a
few. We do not intend, and do not assume any obligation to update
these forward-looking statements.
For more information, please contact:
Director of Investor Relations ( E )
Claudia Trujillo
Tel: +571-234-5190
Email: investors@ecopetrol.com.co
Media Relations (Colombia)
Jorge Mauricio Tellez
Tel: + 571-234-4329
Fax: +571-234-4480
Email: mauricio.tellez@ecopetrol.com.co
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SOURCE ECOPETROL S.A.