Form 6-K ECOPETROL S.A. For: May 25

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Go back to Form 6-K ECOPETROL S.A. For: May 25

Ecopetrol S.A. (EC) Board Approves New Corp. Strategy

May 26, 2015 8:48 AM EDT

Ecopetrol S.A. (NYSE: EC) announces that its Board of Directors approved a new corporate strategy aimed at guaranteeing the company's long-term sustainability, in which value generation based on efficient barrels and shareholder return become a priority.

Within a complex international price environment, the new strategy defines that Ecopetrol will be focused on oil and gas exploration and production, while seeking operational excellence in transportation, refining and petrochemical areas. The strategy also pursues the achievement of structural efficiencies, to allow the Group to increase its competitive levels in order... More