Ecopetrol Group Announces Its Results for the First Quarter of 2016

  • Amid the lowest Brent price of the last 12 years, in the first quarter of 2016 the Group achieved a net income attributable to shareholders of Ecopetrol of COP$363 billion.
  • Net income attributable to shareholders of Ecopetrol, increased 127% as compared to the first quarter of 2015.
  • Solid cash flow generation with an Ebitda margin of 39.5%, resulting in an Ebitda of COP$4.1 trillion for the first quarter of 2016.
  • Group’s savings amounted COP$421 billion during the first quarter of 2016. The Company continues to demonstrate its capacity to adapt under an adverse price scenario.

Bogota, May 3, 2016. Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (“Ecopetrol” or the “Company”) announced today Ecopetrol Group’s financial results for the first quarter of 2016, prepared and filed in Colombian pesos (COP$) and under International Financial Reporting Standards (IFRS) applicable in Colombia.

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