Ecopetrol S.A. American Depositary Shares (EC)

Competitors to Ecopetrol S.A. American Depositary Shares (EC)

CNOOC Limited

CNOOC Limited and Ecopetrol compete primarily in the upstream oil and gas sector, particularly in exploration and production. CNOOC is one of the largest oil and gas producers in China and has a diverse portfolio of international assets, including in Latin America. While CNOOC has an unparalleled scale and access to substantial capital resources, Ecopetrol benefits from being the largest player in Colombia, giving it advantages in local operations and regulatory relationships. CNOOC's global footprint, however, gives it a considerable competitive edge overall.

OXY (Occidental Petroleum Corporation) 

Occidental Petroleum competes with Ecopetrol mainly through its diversified operations in both the Americas and the Middle East, focusing on oil and natural gas exploration and production. Ecopetrol's local knowledge and integrated operations in Colombia and its surrounding regions give it advantages in navigating local regulations and market conditions. However, Occidental's established global presence and technological innovations in enhanced oil recovery and sustainability efforts grant it a competitive edge in terms of operational efficiency and market reach.

Petroleo Brasileiro S.A. (Petrobras) 

Ecopetrol and Petrobras operate in the same geographical market (South America) and are key players in the oil and gas sector. Both companies are state-owned enterprises, allowing them to access government support and resources more readily. They compete on exploration and production efficiency, refining capacity, and pricing for oil and gas products. Petrobras has historically maintained a larger market share and a more extensive international presence compared to Ecopetrol, giving it a competitive advantage in terms of scale and operational agility.

Repsol S.A. 

Repsol and Ecopetrol are both involved in the international energy market, focusing on oil and gas production, refining, and distribution. They compete on innovation in energy efficiency and sustainable practices, with Repsol having made significant strides in renewable energy investments, which could provide it an edge as the energy landscape shifts. While Ecopetrol benefits from its strong local market position and reputation, Repsol's commitment to diversifying its energy portfolio grants it a competitive advantage in long-term sustainability.

YPF S.A. 

YPF and Ecopetrol compete primarily within the Latin American energy sector, focusing on oil and gas exploration, production, and distribution. Both companies have significant state involvement, but YPF has a strong position in Argentina and is involved in the Vaca Muerta shale development, giving it potential long-term growth opportunities. While Ecopetrol has developed operational efficiencies, YPF’s stronghold in a high-potential shale region could provide it with a competitive advantage in growth and market influence.