<SEC-DOCUMENT>0001292814-25-003609.txt : 20251023
<SEC-HEADER>0001292814-25-003609.hdr.sgml : 20251023
<ACCEPTANCE-DATETIME>20251023172913
ACCESSION NUMBER:		0001292814-25-003609
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20251231
FILED AS OF DATE:		20251023
DATE AS OF CHANGE:		20251023

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:		251413881

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		KR 13 36-24, BOGOTA
		CITY:			BOGOTA
		NON US STATE TERRITORY:  	BOGOTA
		PROVINCE COUNTRY:   	F8
		ZIP:			110311
		BUSINESS PHONE:		5712345000

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		KR 13 36-24, BOGOTA
		CITY:			BOGOTA
		NON US STATE TERRITORY:  	BOGOTA
		PROVINCE COUNTRY:   	F8
		ZIP:			110311
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ec20251023_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 October, 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: October 23</FONT><FONT STYLE="font-family: times">,
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 STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><IMG SRC="ec202510236k_001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Ecopetrol S.A. has obtained authorization to execute
a loan with local financial institutions for COP 700,000 million, under a committed credit line structure</B></P>

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

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (&ldquo;Ecopetrol&rdquo;
or the &ldquo;Company&rdquo;) hereby informs the market that, through Resolution 2691 dated October 21, 2025 (the &ldquo;Resolution&rdquo;),
the Ministry of Finance and Public Credit (&ldquo;MHCP&rdquo;) authorized the Company to enter into a domestic loan agreement for up to
COP 700,000 million with Banco Davivienda, under a non-revolving committed credit line structure. The loan is expected to have a five-year
term starting from the date of the first disbursement, with a bullet repayment at maturity, and interest accruing at a variable rate indexed
to the IBR rate, in accordance with the terms previously agreed with the lender. The credit line may be drawn during the 12 months following
the execution date of the loan.</P>

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

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The proceeds from this transaction are expected to
be used for non-investment expenditures, in line with the Resolution and the Company&rsquo;s financing plan. The Company complied with
all internal procedures and approvals required for the loan. The MHCP reviewed and authorized the terms of the draft agreement, which
outlines standard borrower default events such as failure to pay principal and interest, potential impairment of the borrower&rsquo;s
repayment capacity, issues affecting the integrity of its financial information, and breach of contractual obligations, among others.
Should any of these events occur, the lenders would have the right to demand early repayment of the loan, pursuant to the procedures set
forth in the agreement. Likewise, the draft agreement grants Ecopetrol the right to seek recourse against the lenders in the event of
non-disbursement of the loan.</P>

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

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The terms secured for the committed credit line, including
the lowest spread rate obtained by Ecopetrol in the local market, reaffirm the support and confidence of the domestic financial sector
in Ecopetrol&rsquo;s strategy. This is particularly relevant in the current market, where, despite challenging conditions, the Company
continues to achieve favorable financing terms. Moreover, it sends a positive signal to credit rating agencies, as the committed credit
line provides a reliable and flexible source of liquidity that contributes to the Company&rsquo;s financial stability and strengthens
its cash position.</P>

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

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

<P STYLE="font: 11pt/105% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>Bogota D.C., October 23, 2025</B></P>

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

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

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

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><IMG SRC="ec202510236k_001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 8pt Arial, Helvetica, 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.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></I></P>

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

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>For more information, please contact: </B></P>

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

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

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

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

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

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

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

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

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

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



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>ec202510236k_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 ec202510236k_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" "- XP# 2(  A$! Q$!_\0
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M!11@T8IV **,48JK %%&*,4[ %&:,48IV **,48JK %%&*,4[ )FBG8HQ3L
MVBEQ2XIV ;13L48JK -HIV*,4[ -HIV*,4[ -YHP:=BC%58+#<48IV*,4[!8
M;BC%.Q1BG8!N*,4[%&*=@L-Q1BGXHQ56"PS%&*?BC%.P6&XHQ3L48IV 91BG
MXHQ56"PW%&*=BC%.P6&XHQ3L48IV"PW%&*=BC%.P6&XHQ3L4N*=A6&8HQ3\4
M8JK!89BC%/Q1BG8+#,4N*=BC%.P6&XHQ3L48IV"PW%&*?BDQ3L.PW%&*=BC%
M.PK#<48I^*,4[!89BC'M3\48JK!89BC%/Q1BG8+#,4N*=BC%.P#<4E/Q1BF
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MKIG]R3_ONC_A%M,_N2?]]UM44>SCV#V-/^4QO^$7TS^Y)_WW1_PC&F_W)/\
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M_P!]5J44<D>P>QI_RHR_^$?L?[LG_?5'_"/V']U_^^JU**.2/8/8T_Y49?\
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MHR_[ L?[K_\ ?5']@6/]U_\ OJM2BBX>PI_RHS/[ L?[K_\ ?5']@6/]U_\
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M<S[A[&G_ "HS/[!L?[K_ /?5']@V/]U_^^JTZ*.:7</8T_Y49G]@V/\ =?\
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M8: >Z-VBBB@84444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
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M:-%%% PHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **B:X@1MK31JWH6 -2 @C(.1ZBI4
MXR=DQV8M%,>6.+_62*F?[QQ7$>,_B38>%E,* RW)'RXZ?X?YZ&CGC?EOJ2W9
M79W5(S*@RS!1ZDXKRVT\;ZYJ^EPWB65S$LJY_=Q,?UQ7E]WJOC5[EU^SZRH=
MSLS;NA(SQT KFI8N%2<H;-=[:^FHI2Y4FE<^F;G4;>U"[V+,WW50;B?Z#ZG
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MM+V61MBM,OF$_P!]]W)R>W'3KS7:>(/AM:Z%\--2@L'DN;Q'2ZEE9<%PF<@
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M %%%% !1110!R48_>I]176URL8_>+]1755C2ZG'A=F%%%%;'8%%%% !1110
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944 %%%% !1110 4444 %%%% !1110!__V0$!

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