Ecopetrol S.A., Colombia's largest integrated energy company, has announced that it is currently in negotiations with Occidental Petroleum Corp. (OXY) regarding the potential acquisition of a stake in CrownRock, a U.S.-based company. The details of the deal, including the percentage of assets and the purchase price, are still under discussion and subject to ongoing negotiations. Any final agreements, along with potential financing and other necessary procedures, will require statutory and regulatory approvals. Ecopetrol has committed to reporting the outcome of these negotiations. The announcement was made on July 19, 2024, and reflects Ecopetrol's strategic interests in expanding its international presence, which already includes operations in the United States, Brazil, and Mexico, as well as a significant stake in the power transmission business across several Latin American countries.

Ecopetrol S.A., Colombia's largest integrated energy company, has announced that it is currently in negotiations with Occidental Petroleum Corp. (OXY) regarding the potential acquisition of a stake in CrownRock, a U.S.-based company. The details of the deal, including the percentage of assets and the purchase price, are still under discussion and subject to ongoing negotiations. Any final agreements, along with potential financing and other necessary procedures, will require statutory and regulatory approvals. Ecopetrol has committed to reporting the outcome of these negotiations. The announcement was made on July 19, 2024, and reflects Ecopetrol's strategic interests in expanding its international presence, which already includes operations in the United States, Brazil, and Mexico, as well as a significant stake in the power transmission business across several Latin American countries.