<SEC-DOCUMENT>0001292814-23-004842.txt : 20231201
<SEC-HEADER>0001292814-23-004842.hdr.sgml : 20231201
<ACCEPTANCE-DATETIME>20231130205256
ACCESSION NUMBER:		0001292814-23-004842
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20231231
FILED AS OF DATE:		20231201
DATE AS OF CHANGE:		20231130

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ECOPETROL S.A.
		CENTRAL INDEX KEY:			0001444406
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			F8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34175
		FILM NUMBER:		231457290

	BUSINESS ADDRESS:	
		STREET 1:		CARRERA 7 NO 37-69
		CITY:			BOGOTA
		STATE:			F8
		ZIP:			00000
		BUSINESS PHONE:		5712345000

	MAIL ADDRESS:	
		STREET 1:		CARRERA 7 NO 37-69
		CITY:			BOGOTA
		STATE:			F8
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ec20231130_6k.htm
<DESCRIPTION>6-K
<TEXT>

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<P style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px; TEXT-ALIGN: center">&nbsp;</P>

<P style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px; TEXT-ALIGN: center">&nbsp;</P>

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<DIV style="BORDER-TOP: black 2pt solid; WIDTH: 100%; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center"></DIV></DIV>

<P style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px; TEXT-ALIGN: center">&nbsp;</P>

<P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; TEXT-ALIGN: center"><FONT face=times><FONT><B><FONT style="FONT-SIZE: 10pt">UNITED STATES</FONT></B></FONT></FONT></P>

<P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; TEXT-ALIGN: center"><FONT face=times><FONT><B><FONT style="FONT-SIZE: 10pt">SECURITIES AND EXCHANGE COMMISSION</FONT></B></FONT></FONT><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt"><BR></FONT></FONT></FONT><FONT face=times><FONT><B><FONT style="FONT-SIZE: 10pt">Washington, D.C. 20549</FONT></B></FONT></FONT></P>

<P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; TEXT-ALIGN: center">&nbsp;</P>

<P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; TEXT-ALIGN: center"><FONT face=times><FONT><B><FONT style="FONT-SIZE: 10pt">FORM 6-K</FONT></B></FONT></FONT></P>

<P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; TEXT-ALIGN: center">&nbsp;</P>

<P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; TEXT-ALIGN: center"><FONT face=times><FONT><B><FONT style="FONT-SIZE: 10pt">REPORT OF FOREIGN PRIVATE ISSUER</FONT></B></FONT></FONT><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt"><BR></FONT></FONT></FONT><FONT face=times><FONT><B><FONT style="FONT-SIZE: 10pt">PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</FONT></B></FONT></FONT><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt"><BR></FONT></FONT></FONT><FONT face=times><FONT><B><FONT style="FONT-SIZE: 10pt">THE SECURITIES EXCHANGE ACT OF 1934</FONT></B></FONT></FONT></P>

<P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; TEXT-ALIGN: center">&nbsp;</P>

<P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; TEXT-ALIGN: center"><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt">For the month of November, 2023</FONT></FONT></FONT></P>

<P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; TEXT-ALIGN: center">&nbsp;</P>

<P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; TEXT-ALIGN: center"><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt">Commission File Number 001-34175</FONT></FONT></FONT></P>

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<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



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   <TD style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center"><FONT><FONT face=times><FONT><FONT style="FONT-SIZE: 14pt; VERTICAL-ALIGN: top">ECOPETROL S.A.</FONT></FONT></FONT></FONT></TD></TR>

<TR>

   <TD style="TEXT-ALIGN: center">

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; TEXT-ALIGN: center"><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">(Exact name of registrant as specified in its charter)</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; TEXT-ALIGN: center">&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center"><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">N.A.</FONT></FONT></FONT></TD></TR>

<TR>

   <TD style="TEXT-ALIGN: center">

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; TEXT-ALIGN: center"><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">(Translation of registrant&#8217;s name into English)</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; TEXT-ALIGN: center">&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center"><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">COLOMBIA</FONT></FONT></FONT></TD></TR>

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   <TD style="TEXT-ALIGN: center">

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; TEXT-ALIGN: center"><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">(Jurisdiction of incorporation or organization)</FONT></FONT></FONT></P>

   <P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; TEXT-ALIGN: center">&nbsp;</P></TD></TR>

<TR>

   <TD style="TEXT-ALIGN: center"><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">Carrera 13 No. 36 &#8211; 24</FONT></FONT></FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center"><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">BOGOTA D.C. &#8211; COLOMBIA</FONT></FONT></FONT></TD></TR>

<TR>

   <TD style="TEXT-ALIGN: center"><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">(Address of principal executive offices)</FONT></FONT></FONT></TD></TR></TABLE></DIV>

<P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; TEXT-ALIGN: center">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 0.5in"><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</FONT></FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 0.5in">&nbsp;</P>

<P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; TEXT-ALIGN: center"><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt">Form 20-F&nbsp;</FONT></FONT></FONT><FONT><FONT face=wingdings><FONT><FONT style="FONT-SIZE: 10pt">x</FONT></FONT></FONT></FONT><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F </FONT></FONT></FONT><FONT><FONT face=wingdings><FONT><FONT style="FONT-SIZE: 10pt">&#168;</FONT></FONT></FONT></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 0.5in"><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1)</FONT></FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 0.5in">&nbsp;</P>

<P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; TEXT-ALIGN: center"><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt">Yes </FONT></FONT></FONT><FONT><FONT face=wingdings><FONT><FONT style="FONT-SIZE: 10pt">&#168;</FONT></FONT></FONT></FONT><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No </FONT></FONT></FONT><FONT><FONT><FONT face=wingdings><FONT><FONT style="FONT-SIZE: 10pt">x</FONT></FONT></FONT></FONT></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 0.5in"><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7)</FONT></FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 0.5in">&nbsp;</P>

<P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; TEXT-ALIGN: center"><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt">Yes </FONT></FONT></FONT><FONT><FONT><FONT face=wingdings><FONT><FONT style="FONT-SIZE: 10pt">&#168;</FONT></FONT></FONT></FONT></FONT><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No </FONT></FONT></FONT><FONT><FONT><FONT face=wingdings><FONT><FONT style="FONT-SIZE: 10pt">x</FONT></FONT></FONT></FONT></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 0.5in"><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt">Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</FONT></FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 0.5in">&nbsp;</P>

<P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; TEXT-ALIGN: center"><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt">Yes </FONT></FONT></FONT><FONT><FONT face=wingdings><FONT><FONT style="FONT-SIZE: 10pt">&#168;</FONT></FONT></FONT></FONT><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No </FONT></FONT></FONT><FONT><FONT><FONT face=wingdings><FONT><FONT style="FONT-SIZE: 10pt">x</FONT></FONT></FONT></FONT></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 0.5in"><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt">If &#8220;Yes&#8221; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- </FONT></FONT></FONT><FONT face=times><FONT><U><FONT style="FONT-SIZE: 10pt">N/A</FONT></U></FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 0.5in">&nbsp;</P>

<P style="MARGIN: 0px">&nbsp;</P>

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<DIV style="MARGIN-BOTTOM: 12pt; MARGIN-TOP: 6pt; PAGE-BREAK-BEFORE: always">

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<P style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; TEXT-ALIGN: center"><FONT face=times><FONT><B><FONT style="FONT-SIZE: 10pt">SIGNATURES</FONT></B></FONT></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 0.5in"><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</FONT></FONT></FONT></P>

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   <TD style="WHITE-SPACE: nowrap"><FONT><FONT color=black face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">&nbsp;</FONT></FONT></FONT></FONT></TD>

   <TD colSpan=3 noWrap><FONT><FONT color=black face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">Ecopetrol S.A.</FONT></FONT></FONT></FONT></TD>

   <TD style="WHITE-SPACE: nowrap"><FONT><FONT color=black face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">&nbsp;</FONT></FONT></FONT></FONT></TD></TR>

<TR>

   <TD style="WHITE-SPACE: nowrap"><FONT><FONT color=black face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">&nbsp;</FONT></FONT></FONT></FONT></TD>

   <TD colSpan=3 noWrap><FONT><FONT color=black face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">&nbsp;</FONT></FONT></FONT></FONT></TD>

   <TD style="WHITE-SPACE: nowrap"><FONT><FONT color=black face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">&nbsp;</FONT></FONT></FONT></FONT></TD></TR>

<TR>

   <TD style="WHITE-SPACE: nowrap"><FONT><FONT color=black face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">&nbsp;</FONT></FONT></FONT></FONT></TD>

   <TD style="WHITE-SPACE: nowrap">

   <P style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px"><FONT><FONT color=black face="times new roman, times, serif"><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">By:&nbsp;&nbsp;</FONT></FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid" colSpan=2 noWrap><FONT><FONT color=black face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">/s/ Ana Milena L&oacute;pez Rocha</FONT></FONT></FONT></FONT></TD>

   <TD style="WHITE-SPACE: nowrap"><FONT><FONT color=black face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">&nbsp;</FONT></FONT></FONT></FONT></TD></TR>

<TR>

   <TD style="WHITE-SPACE: nowrap"><FONT><FONT color=black face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">&nbsp;</FONT></FONT></FONT></FONT></TD>

   <TD style="WHITE-SPACE: nowrap"><FONT><FONT color=black face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">&nbsp;</FONT></FONT></FONT></FONT></TD>

   <TD style="WHITE-SPACE: nowrap"><FONT><FONT color=black face="times new roman, times, serif"><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">Name:&nbsp;&nbsp;</FONT></FONT></FONT></FONT></TD>

   <TD style="WHITE-SPACE: nowrap">

   <P style="MARGIN: 0pt 0px"><FONT face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">Ana Milena L&oacute;pez Rocha</FONT></FONT></FONT></P></TD>

   <TD style="WHITE-SPACE: nowrap"><FONT><FONT color=black face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">&nbsp;</FONT></FONT></FONT></FONT></TD></TR>

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   <TD style="WHITE-SPACE: nowrap"><FONT><FONT color=black face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">&nbsp;</FONT></FONT></FONT></FONT></TD>

   <TD style="WHITE-SPACE: nowrap"><FONT><FONT color=black face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">&nbsp;</FONT></FONT></FONT></FONT></TD>

   <TD style="WHITE-SPACE: nowrap"><FONT><FONT color=black face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">Title:</FONT></FONT></FONT></FONT></TD>

   <TD style="WHITE-SPACE: nowrap"><FONT><FONT color=black face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">Chief Financial Officer</FONT></FONT></FONT></FONT></TD>

   <TD style="WHITE-SPACE: nowrap"><FONT><FONT color=black face=times><FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top">&nbsp;</FONT></FONT></FONT></FONT></TD></TR></TABLE></DIV>

<P style="MARGIN: 0pt 0px">&nbsp;</P>

<P style="MARGIN: 0pt 0px"><FONT STYLE="font-family: times; font-size: 10pt">Date: November 30</FONT><FONT STYLE="font-family: times">,
2023</FONT></P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>EX-99.1
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<P STYLE="text-align: center; font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><IMG SRC="ec_materialinfo.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; text-align: center; margin-right: 0; margin-left: 0"><B>Ecopetrol Group will invest
between 23 and 27<FONT STYLE="line-height: 107%"><SUP>[1]</SUP></FONT> trillion pesos in 2024. </B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-right: 0; margin-left: 0">On November 30, 2023, Ecopetrol&rsquo;s
Board of Directors approved maintaining investment levels between 23 and 27 trillion pesos in 2024, aligning with the commitment to energy
security and the country's energy transition under the 2040 &quot;Transforming Energy&quot; Strategy.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Approximately 19 trillion pesos will be allocated
to profitable production, with daily averages ranging from 725,000 to 730,000 equivalent barrels. This includes refinery loads between
420,000 and 430,000 barrels per day and daily transportation of over one million barrels.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Over 40% of the plan (approximately 12 trillion
pesos) is directed toward energy transition projects, including low-emission solutions, natural gas supply, TESG, decarbonization, electrical
transmission, and infrastructure.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Close to 3,7 trillion pesos will be allocated
to projects and activities related to TESG, primarily in the areas of territorial development, climate change, science, technology, and
innovation.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The 2024 &ndash; 2026 Plan incorporates commercial
and operational efficiency goals, expenditure control, and austerity measures totaling around 7 billion pesos.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The 2024 Financial Plan aims to generate competitive
returns at Brent levels of US$ 75/Bl, with an approximate ROACE of in the 9% range, an EBITDA margin of approximately 38%, and transfers
to the Nation exceeding 38 trillion pesos.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-right: 0; margin-left: 0">Ecopetrol S.A. (BVC: ECOPETROL;
NYSE: EC) reports that its Board of Directors has approved the annual investment budget for the Ecopetrol Group for 2024, ranging from
23 to 27 trillion pesos, in line with the 2040 &quot;Transforming Energy&quot; Strategy.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-right: 0; margin-left: 0">Investments in the oil exploration
and production (equivalent to ~50% of the annual plan) and gas exploration and production (equivalent to ~12% of the annual plan) will
be allocated to reach organic production levels of 725,000 to 730,000 barrels of oil equivalent per day by 2024 (76% crude, 19% gas, and
5% white products) implementing improved recovery technologies to maximize existing resources and protect the production curve against
natural field decline. In 2024, it is estimated that approximately 360 development wells will be drilled, with 74% of these in Colombia
and 26% in the Permian Basin. Exploration efforts include an estimated 15 wells, primarily in Northern Colombia and the Caribbean offshore.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-right: 0; margin-left: 0">Transportation investments, constituting
5% of the total 2024 plan, primarily focus on integrity and reliability projects developed by Cenit, Ocensa, ODC, and ODL. The volumes
transported are expected to exceed one million daily barrels, in line with the country's production expectations and refined product demand.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-right: 0; margin-left: 0">Refining investments, comprising
7% of the total estimated for 2024, continue to focus on ensuring the reliability, availability, and sustainability of operations at the
Barrancabermeja and Cartagena refineries. The expected joint load of the refineries is between 420,000 and 430,000 barrels per day.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-right: 0; margin-left: 0">To advance a fair energy transition
alongside the decarbonization of operations in the fossil fuel business, approximately 40% of the investment plan resources will be allocated
to unconventional renewable energy projects, natural gas, and transmission and infrastructure, among others. Gas investments in 2024
are estimated to be between 3.1 and 3.5 trillion pesos, with a focus on the Piedemonte Llanero and the Caribbean offshore to produce
around 135 thousand barrels of oil equivalent per day (representing ~772 million cubic feet of natural gas), of which ~90% is produced
in Colombia.</P>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-right: 0; margin-left: 0"></P>

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<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 10pt; line-height: 107%"><SUP>[1]</SUP></FONT>
TRM: 4.100</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><IMG SRC="ec_materialinfo.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-right: 0; margin-left: 0">Additionally, Interconexi&oacute;n
El&eacute;ctrica S.A. (ISA) is set to invest around 5.9 trillion pesos (equivalent to 23% of the annual plan), with 4.9 trillion pesos
earmarked for the electric transmission business. The plan includes an expected expansion of the network by approximately 2,500 kilometers
by 2026, maintaining the company's leadership in energy transmission in the region.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-right: 0; margin-left: 0">In line with the goal of generating
value with TESG, it is estimated that around 3.7 trillion pesos will be executed in this area in 2024. Approximately 36% of this amount
focuses on climate change, alternative energy use, and air quality; 24% on comprehensive water management; and 15% on territorial development,
with a social investment of around 550 billion pesos in 2024 dedicated to public and community infrastructure, access to public services,
education, sports, health, inclusive rural development, and entrepreneurship.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-right: 0; margin-left: 0">This plan aims to leverage the
reduction of approximately one million tons of CO2 equivalent emissions between 2024 and 2026, achieve energy optimization of 3.3 Peta
Joules by 2026, and make progress in green hydrogen projects in refineries.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-right: 0; margin-left: 0">The financial plan for 2024 aims
to secure competitive returns in a scenario of average Brent prices of US$ 75/Bl, generating an ROACE of in the 9% range, an EBITDA margin
close to 38%. This proposal evidences the resilience of the Ecopetrol Group, through its ability to overcome inflationary pressures, impacts
of the &ldquo;El Ni&ntilde;o&rdquo; phenomenon and lower crude oil prices and refining margins. The Plan incorporates efficiency goals
in operational management and investment projects.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-right: 0; margin-left: 0">Finally, the financial and investment
plan for 2024 includes the collection of accounts receivable from the Fuel Price Stabilization Fund (FEPC) accumulated in 2023. Transfers
to the Nation, including dividends, payments to ANH, and taxes, are expected to exceed 38 trillion pesos.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: right"><B>Bogot&aacute; D.C., November 30, 2023</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">-----------------------------------------</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><I>Ecopetrol is the largest
company in Colombia and one of the main integrated energy companies in the American continent, with more than 18,000 employees. In Colombia,
it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems,
and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA&rsquo;s shares,
the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway
concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration
operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol
holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications
sector. This press release contains business prospect statements, operating and financial result estimates, and statements related to
Ecopetrol's growth prospects. These are all projections and, as such, they are based solely on the expectations of the managers regarding
the future of the company and their continued access to capital to finance the company's business plan. The realization of said estimates
in the future depends on the behavior of market conditions, regulations, competition, and the performance of the Colombian economy and
the industry, among other factors, and are consequently subject to change without prior notice. </I></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><I>&nbsp;</I></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center; background-color: white"><IMG SRC="ec_materialinfo.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><I>This release contains
statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as
amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this
release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect
of the Company&rsquo;s prospects for growth and its ongoing access to capital to fund the Company&rsquo;s business plan, among others.
Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in
the forward-looking statements: market prices of oil &amp; gas, our exploration, and production activities, market conditions, applicable
regulations, the exchange rate, the Company&rsquo;s competitiveness and the performance of Colombia&rsquo;s economy and industry, to
mention a few. We do not intend and do not assume any obligation to update these forward-looking statements.</I></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><I>&nbsp;</I></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0"><B>For more information, please contact: </B></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0"><B>Head of Capital Markets (a)</B></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0">Carolina Tovar</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0">Email: investors@ecopetrol.com.co</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0"><B>Head of Corporate Communications </B></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0">Marcela Ulloa</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Email: marcela.ulloa@ecopetrol.com.co</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>



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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
