Ecopetrol S.A. (EC) Q1 2023 Earnings Call Transcript

For the period ending March 31, 2023

May 10, 2023 11:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good morning. My name is Camilla Wella, and I will be your operator here today. Welcome to Ecopetrol's Earnings Conference Call, in which we will discuss the main Financial and Operational Results for the First Quarter of 2023. There will be a question-and-answer session at the end of the presentation.

Before we begin, it is important to mention that the comments in this call by Ecopetrol's senior management include projections of the Company's future performance. These projections do not constitute any commitment as to future results, nor do they take into account risks or uncertainties that could materialize. As a result, Ecopetrol assumes no responsibility in the event that future results are different from the projections shared on this conference call.

The call will be led by Mr. Ricardo Roa, CEO of Ecopetrol; Diana Escobar, Vice President of Sustainable Development, María Paula Camacho, Vice President of Legal Affairs and General Secretary, Yeimy Báez, Vice President of Low-emission Solutions, Alberto Consuegra, COO and Jaime Caballero, CFO [ph]. Thank you for your attention. Mr. Roa, you may begin your conference.

Ricardo Roa

Good morning, everyone, and welcome to earnings conference call. It's my privilege to address you today to present the Ecopetrol Group's results for the first quarter of 2023. Before I began with the material that we have prepared for you. I would like to express my sincere gratitude to all the members of this organization for their commitment and dedication to their work.

Clearly, Ecopetrol employees are fully engaged and passionate about their work. It is an honor to lead such a talent and committed team. Together, we will work to secure but Ecopetrol continues to be a reference within the energy sector with operational excellence and financial performance and a global leader for the energy transition.

I want to express my deep commitment to a strength on continue Ecopetrol’s groups 2040 strategy, which was announced at the beginning of last year fostering the group's consolidation as a leading energy group in the region. The strategy energy that transforms, answer the current challenges associated with the energy transition in which society must be balanced simultaneously three energy priorities, availability, accessibility in terms of cost and efficiency and all of these environmentally responsible environment.