Ecopetrol S.A. Fortifies Shareholder Protections, Reviews Merger at March 27 Meeting

Ecopetrol fortifies shareholder protections and schedules March 27 meeting

Shareholder safeguards and merger on March 27 agenda

Ecopetrol S.A. summons shareholders to an Extraordinary General Shareholders' Meeting on March 27, 2026 at Corferias in Bogotá, listing a package of governance, financial and corporate actions including the proposed merger with Parque Solar Portón del Sol S.A.S. The agenda posted by the company on Feb. 19 includes presentation and approval of the board’s Corporate Governance Report, the 2025 Integrated Management Report, audited individual and consolidated financial statements for 2025, the independent auditor’s opinion, and the planned profit distribution for shareholders. The meeting is in‑person, streamed live on Ecopetrol’s website, and will use electronic voting with alternative mechanisms for shareholders without smart devices; shareholders may inspect documents beginning March 5 by appointment.

Ecopetrol says it is implementing enhanced proxy and representation measures to comply with the Financial Superintendence of Colombia’s Legal Basic Circular C.E. 006 of 2025 and to ensure adequate shareholder representation. The company informs shareholders of their right to be represented by proxy, requires proxies to meet statutory minimums and to clearly name appointed representatives, and instructs proxy verifiers to reject deficient proxies. Managers and employees are barred from suggesting appointees, recommending votes for specific candidate lists, coordinating proposals or votes with shareholders, or receiving powers of attorney if directly or indirectly connected to management. The Corporate Legal Vice Presidency and the General Secretariat are designated to review and verify compliance, with records retained for regulatory inspection.

The proposed merger, in which Ecopetrol is the surviving company and Parque Solar Portón del Sol the absorbed company, is available for review at Ecopetrol’s main domicile and online under the company’s March 2026 assembly portal, the firm says. Ecopetrol stresses that the governance rules are intended to safeguard shareholder autonomy, prevent conflicts of interest and ensure lawful decision‑making at the meeting, and that legal oversight will accompany the merger review and vote.

Board leadership update

Ecopetrol’s board elects Ángela María Robledo Gómez as chairwoman and Hildebrando Vélez Galeano as vice chairman in meetings held Feb. 18–19, appointing chairs and members for six committees and welcoming new directors Carolina Arias Hurtado, Juan Gonzalo Castaño Valderrama and Cesar Eduardo Loza Arenas while thanking outgoing vice chairman Álvaro Torres Macías.

Operational footing: reserves and recovery

Ecopetrol reports proven 1P reserves of 1,944.2 million barrels of oil equivalent as of Dec. 31, 2025, a 2.7% increase year‑on‑year, with 99% certified by independent specialists and a reserves replacement ratio of 121% driven by enhanced recovery projects, revisions and extensions.