Ecopetrol S.A. (EC) Stock Analysis & Winston Score

Ecopetrol is Colombia's national oil and gas company, owned mostly by the Colombian government. It finds, produces, refines, and sells crude oil, natural gas, and fuel products. It is the largest company in Colombia and one of the biggest oil producers in Latin America. Ecopetrol makes most of its money by selling crude oil and refined fuels, with additional revenue from natural gas and petrochemicals. It operates mainly in Colombia but also has assets in the United States, Brazil, and other parts of Latin America, generating roughly $25–30 billion in annual revenue. Its biggest competitive advantage is its government backing and control of Colombia's key pipelines and refining infrastructure, which are hard for rivals to replicate. The main risk the company faces is its heavy dependence on oil prices — when crude prices fall, profits drop sharply — along with Colombia's ongoing push to reduce fossil fuel dependence over the long term.