Ecopetrol (EC) shares are trading higher in step with a renewed leg up in crude prices on Thursday, April 2, 2026. Oil jumped back above the mid-$100s after comments that reignited concerns about a prolonged Middle East conflict, pushing energy equities broadly higher and improving sentiment toward producers with high crude exposure. (economictimes.indiatimes.com)

Ecopetrol’s earnings power and dividend capacity are highly sensitive to Brent pricing because the company is a major integrated producer whose consolidated results are dominated by upstream profitability when crude prices rise. As oil strengthens, investors typically reprice the company’s near-term free cash flow expectations and its ability to support dividends and balance-sheet metrics.

The rally also comes soon after Ecopetrol shareholders approved a dividend tied to 2025 earnings of COP 121 per share, with payment scheduled in a single installment no later than April 30, 2026. The payout marked a reduction from prior years as more profit is retained in reserves, keeping dividend expectations in focus even as oil prices rise. (marketscreener.com)

Key near-term drivers include whether crude sustains its risk premium, any updates to Ecopetrol’s operating and capex plans, and the next earnings timeline on U.S. platforms that investors monitor for ADR catalysts. If oil pulls back sharply, EC may give back gains; if crude stays elevated, dividend and cash-flow debates could shift back toward upside scenarios.