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Annual Report
Press Release
2010
Ecopetrol starts operations of a Modern Plant for the Production of Clean Fuels
Ecopetrol announces the presence of natural gas in an exploratory well in Northern Santander
First steps taken towards the construction of the First steps taken towards the construction of the "Oleoducto Bicentenario de Colombia"
The number Of blocks assigned to Ecopetrol rises to 10 in Open Round Colombia 2010
Ecopetrol receives final approval for listing its ADR on the Toronto Stock Exchange
Ecopetrol S.A. announces dates for the second dividend payment and ex-dividend period
Ecopetrol and Talisman acquire BP Exploration Company Colombia Limited
Ecopetrol announces results for the Second Quarter and First Half of 2010
Ecopetrol´ s outlook upgraded from Stable to Positive by Standard & Poor´s
Ecopetrol files its 2009 Annual Report on Form 20-F
Ecopetrol S.A. extends its Strategic Plan until 2020
Ecopetrol S.A. to update its Code of Good Governance
Peruvian Government approves the admission of Ecopetrol del Peru S.A. to Lot 117 in the Maranon Basin
Ecopetrol takes over Cupiagua operations
INCO grants Ecopetrol S.A. a 20-Year Port Concession at Pozos Colorados Maritime Terminal
Ecopetrol submits highest bids for 9 blocks in Open Round Colombia 2010
The Castilla Field Reached a Record Production of 100,000 Barrels of Crude per Day
Ecopetrol approves request to expand the commercial surface of the rubiales field
Ecopetrol clarifies press reports concerning commencement of procedures to access Colombia's public securities market
Ecopetrol hits record exports
Standard & Poor's reaffirms the corporate risk rating for Ecopetrol S.A.
Ecopetrol presents its results for the first quarter of 2010
Ecopetrol approves the commercial viability of the Quifa field
Ecopetrol Announces Timing for First Quarter 2010 Earnings Release and Webcast
Annual General Shareholder's Meeting 2010
Nigeria grants patents to Ecopetrol
Ecopetrol announces dates for the first dividend payment and ex-dividend period
Ecopetrol announces results of the Company's Annual General Shareholders' Meeting
Ecopetrol clarifies information released in the media regarding the construction of an oil pipeline
Ecopetrol increases its presence in the Gulf of Mexico (US)
Dividend distribution policy for Ecopetrol and ex-dividend period
Ecopetrol presents its fourth quarter and full year 2009 results
Ecopetrol announces timing for fourth quarter and full year 2009 earnings release and webcast
Ecopetrol announces change in accounting methodology for its Statement of Cash Flows
Ecopetrol discovers hydrocarbons in the Tempranillo North-1 well
Ecopetrol announces its proved reserves as of December 31, 2009
Ecopetrol announces approval of preliminary financing commitment on behalf of the U.S. Export-Import Bank, valued at U.S. $1 billion
2009
2008
2007
2006
2005
Carta Petrolera (Petroleum Newsletter)
Sustainability Report
Other Publications
Ecopetrol presents its fourth quarter and full year 2009 results
  • Ecopetrol S.A.and its affiliated companies had gross proved reserves1 of 1,878 MBOE and a reserves replacement rate of 359%2.
  • Ecopetrol´s group gross crude oil and natural gas production for 2009 increased by 17% from 447 KBPED to 520.6 KBPED. During the fourth quarter of 2009, production grew 26.4%* from 455.7 KBPED to 575.9 KBPED.
  • Sales volumes in 2009 increased by 18.8% compared to 2008, and by 24%* in the fourth quarter of 2009.
  • Unconsolidated operating profit for 2009 was COP$8,083 billion for the full year 2009 and COP$2,706 billion during the fourth quarter.
  • Unconsolidated net profit was COP$5,256 billion, or COP$129.87 per share, for the full year 2009 and COP$1,691 billion during the fourth quarter. Consolidated net profit was COP$5,132 billion for the full year 2009 and COP$1,721 billion during the fourth quarter.

* Results for the fourth quarter of 2009 as compared to results for the fourth quarter of 2008

Ecopetrol S.A. announced today its non audited unconsolidated and consolidated financial results3 for the fourth quarter and full year 2009 in Colombian pesos (COP$), prepared and filed in accordance with the Régimen de Contabilidad Publica (Regime of Public Accounting or RCP) of the National Accounting Office.

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1 References to gross reserves and gross production include royalties.
2 Reserves calculated according to the methodology set forth by the U.S. Securities and Exchange Commission.
3 Under the RCP, companies are only required to consolidate their financial statements annually at the end of each fiscal year. Therefore, the interim consolidated figures presented in this report do not constitute a formal consolidation of the financial statements, neither of Ecopetrol nor of its subsidiaries, in such quarters, but are adjusted in accordance with the methodology defined for such purpose.

Bogotá, February 15 of 2010

Investor Relations
Alejandro Giraldo
Phone: +571-234-5190
Email: investors@ecopetrol.com.co

Media Relations (Colombia)
Mauricio Téllez
Phone: + 571-2345377
Fax: +571-2344480
Email: mtellez@ecopetrol.com.co

Website: www.ecopetrol.com.co