Stock performance (BVC)
Source: Colombian Stock Exchange
Financial tools
Ecopetrol´´s Corporate Group proved net reserves of hydrocarbons at the end of 2011 amounted 1,857 million barrels of oil equivalent (MMBOE), which represents an increase of 8.3% compared to 1,714 MMBOE at the end of 2010. In 2011, there was an increase of 364 MMBOE of proven reserves and net production came to 221 MMBOE.
Ecopetrol S.A. announced today that credit rating agency Standard & Poor´s increased its stand alone credit profile (SACP) from ´bb+´ to ´bbb-´ and confirmed its corporate credit and debt rating, this latter was last revised in March 18, at ´BBB-´  with a stable outlook. The S&P report mentions that the upgraded Ecopetrol rating is based on the continuous improvements in its financial and operating performance.
Ecopetrol through its subsidiary in the United States (Ecopetrol América Inc.), submitted the best bids for 7 blocks offered in the round "Oil & Gas Lease Sale 218", as was disclosed yesterday in New Orleans by the Bureau of Ocean Energy Management (BOEM), the governmental authority in charge of the process in the U.S.