/PRNewswire/ Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announced today the Ecopetrol Group s financial results for the fourth quarter and full year of 2022..
The reserves-to-production or average reserves life of the Ecopetrol Group remained at over 8 years (8.4 years). The Reserve-Replacement Ratio (RRR) was 104%,.
Gustavo Petro’s presidential election win signals a more interventionist approach towards Ecopetrol, but it trades at just 3.3 times expected earnings.