<SEC-DOCUMENT>0001292814-24-004392.txt : 20241202
<SEC-HEADER>0001292814-24-004392.hdr.sgml : 20241202
<ACCEPTANCE-DATETIME>20241202060412
ACCESSION NUMBER:		0001292814-24-004392
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20241231
FILED AS OF DATE:		20241202
DATE AS OF CHANGE:		20241202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ECOPETROL S.A.
		CENTRAL INDEX KEY:			0001444406
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		ORGANIZATION NAME:           	01 Energy & Transportation
		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:		241517323

	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>ec20241129_6k1.htm
<DESCRIPTION>6-K
<TEXT>

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<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, 2024</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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   <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>

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   <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>

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   <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>

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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>

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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">

   <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/ Alfonso Camilo Barco</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>

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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 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">Alfonso Camilo Barco </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>

<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><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 29</FONT><FONT STYLE="font-family: times">,
2024</FONT></P>

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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>EX-99.1
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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><IMG SRC="ec_materialinfo.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>The Ecopetrol Group is expected to invest between
24 and 28 trillion pesos in 2025</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC)
(the &ldquo;Company&rdquo;) announces that the Board of Directors approved the annual investment budget of the Ecopetrol Group for 2025
for an amount between 24 and 28 trillion pesos<FONT STYLE="font-size: 9pt; line-height: 107%"><B><SUP>[1]</SUP></B></FONT>, in line with
the strategy, this annual budget increases investment levels compared to 2024, under capital discipline criteria and is expected to have
the following implications:</P>

<UL STYLE="margin-top: 0in; list-style-type: disc">

<LI STYLE="text-align: justify; margin: 0; font-family: Arial, Helvetica, Sans-Serif">Approximatey 20.3 trillion pesos are expected to
be allocated in 2025, corresponding to 76% of the annual budget, for profitable production between 740,000 and 745,000 barrels of oil
equivalent per day, an average refinery load between 415,000 and 420,000 barrels per day, and transportation between 1,130,000 and 1,170,000
barrels per day.</LI>

<LI STYLE="text-align: justify; margin: 0; font-family: Arial, Helvetica, Sans-Serif">At an estimated Brent price of US$73/barrel for
2025, the financial plan estimates competitive returns with an approximate EBITDA margin of 39%, transfers to the Nation of approximately
35 trillion pesos, and a commitment to generate greater efficiencies to improve its indicators, such as lifting cost, total refining cost,
and cost per barrel transported, allowing ROACE to remain at competitive levels.</LI>

<LI STYLE="text-align: justify; margin: 0; font-family: Arial, Helvetica, Sans-Serif">Approximately 6.5 trillion pesos (24% of the annual
budget) is expected to be directed to projects in the Energy Transition and Energy Transmission and Roads businesses and other corporate
investments.</LI>

<LI STYLE="text-align: justify; margin: 0; font-family: Arial, Helvetica, Sans-Serif">Approximately 2.3 trillion pesos in 2025 are expected
to be allocated to SosTECnibilidad&reg; projects and activities, mainly in the areas of climate change, sustainable territory, innovation,
science and technology, biodiversity, and ecosystem services.</LI>

<LI STYLE="text-align: justify; margin: 0; font-family: Arial, Helvetica, Sans-Serif">This budget is expected to leverage the additional
reduction of about 300,000 tons of CO2 equivalent emissions by 2025, contributing to the achievement of the GE emissions reduction target
by 2030.</LI>

</UL>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The following are some excerpts from the
annual investment budget approved by the Board of Directors, disaggregated by business line:</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Hydrocarbons Line</B></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For 2025, investments in the exploration
and production segment are expected to be approximately 17.2 trillion pesos (approximately&nbsp;52% of the annual budget for crude oil-related
investments and around&nbsp;12% for gas-related investments) and are expected to allow organic production levels in 2025 between 740,000
and 745,000 barrels of oil equivalent per day (78% crude, 17% gas, and 5% white products), seeking to implement recovery technologies
to optimize the use of available resources and maintain production levels. Crude oil production in Colombia is expected to continue growing
and compensating for the natural decline of gas fields.</P>

<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">

<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>
<FONT STYLE="font-size: 8pt">Exchange rate USD/COP 4,100</FONT></P>

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<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 8pt; text-align: center"><IMG SRC="ec_materialinfo.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In 2025, the Company has planned to drill
between 455 and 465 development wells, of which 79% would be executed in Colombia and the remaining 21% in the United States. In terms
of exploration, the Company has planned to drill 10 wells mainly in the Llanos area and Offshore Caribbean of Colombia. Gas investments
are estimated between 3.1 and 3.3 trillion pesos in 2025, mainly in the Piedemonte Llanero and Offshore, to develop Caribbean Colombia
gas, contributing to a production of approximately 123,000 barrels of oil equivalent per day (which represents about ~700 million cubic
feet of natural gas), of which 85% would represent gas supply for the country.</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Investments in the transportation segment
are expected to reach approximately 1.5 trillion pesos, corresponding to 5% of the total budget for 2025, mainly in integrity and reliability
projects concerning the infrastructure developed by <FONT STYLE="color: #212529; background-color: white">Cenit Transporte y Log&iacute;stica
de Hidrocarburos S.A.S., Oleoducto Central S.A., Oleoducto de Colombia S.A., and Oleoducto de los Llanos S.A. </FONT>Transported volumes
are expected to reach between 1,130,000 and 1,170,000 barrels per day, in line with the country's production expectations and refined
product demand.</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Investments in the refining segment are
expected to reach approximately 1.6 trillion pesos, corresponding to 6% of the total investment amount estimated for 2025, and are expected
to be focused on ensuring the reliability, availability, and sustainability of the operation of the Barrancabermeja and Cartagena refineries,
ensuring the development of programs that would reduce product imports, ensuring better quality fuels, and maturing renewable fuel (SAF)
projects. The joint load of the refineries is expected to be between 415,000 and 420,000 barrels per day.</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Transmission and Roads Line</B></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Interconexi&oacute;n El&eacute;ctrica S.A
E.S.P. (ISA), a subsidiary of Ecopetrol S.A., is expected to invest between 5.7 and 6.5 trillion pesos in 2025 (equivalent to approximately
21% of the annual budget of the Ecopetrol Group), of which approximately 90% is expected to be allocated to the electric transmission
business. The budgeted investment is expected to increase the electric power grid to achieve approximately 50,400 km in operation by 2025,
maintaining the Company as a leader in energy transmission in the region.</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Energies for the Transition Line</B></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">To advance the energy transition in parallel
with the decarbonization of operations in the hydrocarbons business, the annual investment budget has also foreseen to allocate resources
to unconventional renewable energy and energy efficiency projects, among others.</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">An additional energy optimization of 2.6
Peta Joules (PJ) is expected to be achieved in 2025, reaching an accumulated energy saving of around 21 PJ by 2025, accelerating the achievement
of the 25 PJ optimization target by 2030. Additionally, the goal of 900 MW by 2025 is projected in line with the 2040 strategy &quot;Energy
that Transforms.&quot;</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In line with our goal of generating value
with SosTECnibilidad&reg;, the investment budget has expected to allocate 2.3 trillion pesos in transition energies during 2025. Of this
amount, 29% is expected to be focused on climate change, 18% on sustainable territories, 12% on innovation, science and technology, 12%
on biodiversity and ecosystem services, and the remaining 29% on other material issues.</P>


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<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 8pt; text-align: center"><IMG SRC="ec_materialinfo.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The financial plan for 2025 seeks to ensure
competitive returns in a scenario of Brent prices averaging US$73/barrel, generating an EBITDA margin at levels close to 39%. The plan
incorporates efficiency targets for 2025, exceeding 4 trillion pesos, aiming to capture savings in operational management and investment
projects, to achieve improvements in their lifting cost, total refining cost, and cost per barrel transported indicators.</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Finally, the financial and investment plan
for 2025 assumes the collection of the account receivable from the Fuel Price Stabilization Fund (FEPC) corresponding to 2024. Considering
the above, the financing of the Plan for Ecopetrol S.A is expected to be carried out with operational resources and projects transfers
to the Nation (including dividends, payments to the ANH, and taxes) of approximately 35 trillion pesos.</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>Bogota D.C., November 29, 2024</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">-----------------------------------------</P>

<P STYLE="font: 8pt/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 19,000 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, 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.</I></P>

<P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><I>&nbsp;</I></P>

<P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"><B>For more information, please contact: </B></P>

<P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"><B>Head of Capital Markets</B></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">Carolina Tovar Arag&oacute;n</P>

<P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0">Email: investors@ecopetrol.com.co</P>

<P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0"><B>Head of Corporate Communications </B></P>

<P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0">Marcela Ulloa</P>

<P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0">Email: marcela.ulloa@ecopetrol.com.co</P>



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