Ecopetrol S.A., Colombia's largest integrated energy company, announced on August 1, 2024, that its board of directors has decided against acquiring any portion of the assets of CrownRock, L.P. that Occidental Petroleum Corp. is purchasing. The decision was made following a thorough analysis and evaluation during the board meeting on July 31, 2024. Ecopetrol, which is responsible for over 60% of Colombia's hydrocarbon production and holds significant positions in petrochemicals, gas distribution, and energy transmission, has chosen not to proceed with this potential expansion of its asset portfolio. The company also has a presence in strategic basins across the Americas, including the United States, Brazil, and through its subsidiary ISA, in the power transmission business and road concessions in several Latin American countries.

Ecopetrol S.A., Colombia's largest integrated energy company, announced on August 1, 2024, that its board of directors has decided against acquiring any portion of the assets of CrownRock, L.P. that Occidental Petroleum Corp. is purchasing. The decision was made following a thorough analysis and evaluation during the board meeting on July 31, 2024. Ecopetrol, which is responsible for over 60% of Colombia's hydrocarbon production and holds significant positions in petrochemicals, gas distribution, and energy transmission, has chosen not to proceed with this potential expansion of its asset portfolio. The company also has a presence in strategic basins across the Americas, including the United States, Brazil, and through its subsidiary ISA, in the power transmission business and road concessions in several Latin American countries.