<SEC-DOCUMENT>0001292814-25-002169.txt : 20250521
<SEC-HEADER>0001292814-25-002169.hdr.sgml : 20250521
<ACCEPTANCE-DATETIME>20250521060319
ACCESSION NUMBER:		0001292814-25-002169
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20250630
FILED AS OF DATE:		20250521
DATE AS OF CHANGE:		20250521

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
		EIN:				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:		25970802

	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>ec20250520_6k.htm
<DESCRIPTION>6-K
<TEXT>

<HTML>
<HEAD>
   <TITLE></TITLE>
</HEAD>

<BODY bgcolor="#ffffff">



<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>

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

<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 May, 2025</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>

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

<DIV align=left>

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



<TR>

   <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>

<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">(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>

<DIV style="MARGIN-BOTTOM: 6pt; MARGIN-TOP: 12pt; BORDER-BOTTOM: black 1pt solid">

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



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

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

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

<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>

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

<DIV align=right>

<TABLE style="WIDTH: 50%" cellSpacing=0 cellPadding=0 border=0>



<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">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/ 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>

<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">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: May 20,
2025</FONT></P>

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

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

<DIV style="MARGIN-BOTTOM: 6pt; MARGIN-TOP: 12pt; BORDER-BOTTOM: black 1pt solid">

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

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

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

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

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 18pt Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;<IMG SRC="ec202505206k_001.jpg" ALT=""></B></P>

<P STYLE="font: 18pt Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 18pt Arial,sans-serif; margin: 0; text-align: center"><B>Ecopetrol S.A. signs an agreement to acquire a portfolio of up
to 1,300 megawats of solar and wind energy projects in Colombia</B></P>

<P STYLE="font: 18pt Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that it executed
an asset purchase purchase agreement with Statkraft European Wind and Solar Holding, AS (&ldquo;Statkraft&rdquo;) on May 20, 2025, for
the potential acquisition of its portfolio in Colombia. This portfolio includes one company dedicated to the development and operation
of solar and wind assets, six special purpose entities owning solar projects (614 MW), and three special purpose entities owning wind
projects (750 MW) (the &ldquo;Portfolio&rdquo;). The agreement is subject to the fulfillment of conditions precedent and other legal requirements,
which, once met, is intended to allow Ecopetrol S.A. to acquire the Portfolio of up to 1.3 GW.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">The companies are owned by Statkraft&rsquo;s subsidiaries: Enerf&iacute;n
Sociedad de Energ&iacute;a S.L.U and Enerfin Enervento Exterior S.L.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">The Portfolio&rsquo;s projects are located in the departments of
La Guajira, Sucre, C&oacute;rdoba, Caldas, and Magdalena.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">If completed, this acquisition would represent significant progress
toward Ecopetrol S.A.&rsquo;s decarbonization and energy transition goals, particularly the target of incorporating 900 MW of renewable
self-generation capacity by 2025, in line with its 2040 Strategy. Additionally, the transaction would support the generation of low-emission
energy under competitive conditions for the Ecopetrol Group&rsquo;s self-consumption, reducing exposure to spot market purchases and contributing
to the diversification of the company&rsquo;s energy matrix.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">Ecopetrol S.A. reaffirms its commitment to the country&rsquo;s
energy future through the integration of renewable energy projects into its operations.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Arial,sans-serif; margin: 0; text-align: right"><B>Bogota D.C., May 20, 2025</B></P>

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

<P STYLE="font: 8pt Arial,sans-serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0; text-align: justify"><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 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. </I></P>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0; text-align: justify"><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>&nbsp;</P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <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>
    <!-- Field: /Page -->


<P STYLE="font: 18pt Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;<IMG SRC="ec202505206k_001.jpg" ALT=""></B></P>

<P STYLE="font: 18pt Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
<P STYLE="font: 12pt Arial,sans-serif; margin: 0"><B>For more information, please contact: </B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0"><B><I>Head of Capital Markets</I></B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0"><I>Carolina Tovar Arag&oacute;n</I></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0"><I>Email: investors@ecopetrol.com.co&nbsp;</I></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0"><B><I>Head of Corporate Communications (Colombia)&nbsp;&nbsp;</I></B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0"><I>Marcela Ulloa&nbsp;&nbsp;</I></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0"><I>Email: marcela.ulloa@ecopetrol.com.co&nbsp;</I></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>ec202505206k_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 ec202505206k_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !_ R0# 2(  A$! Q$!_\0
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MD4O_  AUO_S]2_\ ?(I>QF'U6KV.*"4X1^U=I_PA]O\ \_4G_?(I?^$0M_\
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M#@QI7_;0UKUEZ ,:9_P,UJ5%/X494?X:"BBBK-0HHHH **** "BBB@ HHHH
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MN[_ZX/\ ^@F@:V,3P-IZVWABRNW&ZZN[>)Y)#U*A0$7V 7 Q]?6NEK+\-_\
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M6U".8_*N9E(7\"O]:Q=,U&2T\=W^@P6TDXA>6.$J-S,4SC(Z=OI7H6H:M/\
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MT4!815"C"C R3^="J%&%&!DG\^:6B@".6WBF(,B E>AZ$?C3HXTB0)&H51T
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544 %%%% !1110 4444 %%%% '__9

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