Form 6-K ECOPETROL S.A. For: Jun 28

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June, 2019

 

Commission File Number 001-34175

 

ECOPETROL S.A.

(Exact name of registrant as specified in its charter)

N.A.

(Translation of registrant’s name into English)

COLOMBIA

(Jurisdiction of incorporation or organization)

Carrera 13 No. 36 – 24

BOGOTA D.C. – COLOMBIA

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x      Form 40-F ¨

 

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)

 

Yes ¨      No x

 

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)

 

Yes ¨      No x

 

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.

 

Yes ¨      No x

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- N/A

 

 

 

SIGNATURES

 

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.

 

	Ecopetrol S.A.
	By:	/s/ Jaime Caballero Uribe
		Name:	Jaime Caballero Uribe
		Title:	Chief Financial Officer

 

Date: June 28, 2019

 

 

 

 

 

Exhibit 99.1

 

 

 

 

S&P upgrades Ecopetrol S.A. stand-alone credit rating to investment grade

 

 

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that the Standard & Poor's risk rating agency (S&P) has upgraded the Company’s stand-alone credit rating to investment grade, to ‘bbb- from bb+’. It also maintained its long-term issuer credit rating at BBB-, with stable outlook.

 

The increase in the stand-alone credit rating is a recognition of the Company's track record of strong operating performance during 2018, thanks to the increase in production, greater refinery throughput, operating efficiencies achieved and higher oil prices versus 2017.

 

In its press release, S&P highlighted the Company’s solid liquidity levels, as well as its strengthening of credit metrics. The rating agency believes the Company has sufficient flexibility to execute its investment plan and distribute dividends without weakening its credit metrics.

 

Bogotá D.C., June 28, 2019

 

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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 and Section 21E of the U.S. Securities Exchange Act of 1934. 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’s prospects for growth and its ongoing access to capital to fund the Company’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 & gas, our exploration and production activities, market conditions, applicable regulations, the exchange rate, the Company’s competitiveness and the performance of Colombia’s economy and industry, to mention a few. We do not intend, and do not assume any obligation to update these forward-looking statements.

 

 

 

For further information, please contact:

 

Head of Capital Markets

Maria Catalina Escobar

Phone: (+571) 234 5190

E-mail: [email protected]

 

Media Relations (Colombia)

Jorge Mauricio Tellez

Phone: (+ 571) 234 4329

E-mail: [email protected]

 

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