• Production´s performance had a positive trend due to better operational conditions and progress of key projects in our fields, growing 3% compared to the second quarter of the year.
  • A 17% decrease in net income compared to the prior quarter, driven mainly by the performance of external variables in particular, the prices of Ecopetrol?s product sales basket, and a strong exchange rate devaluation in the month of September.
  • Signing of the Collective Labor Agreement in effect until July 2018.

BOGOTA. October 31 of 2014. Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) announced today its unaudited financial results, both consolidated and unconsolidated, for the third quarter of 2014. The financial results were prepared and filed in Colombian pesos (COP$) in accordance with the Public Accountancy Legal Framework (Régimen de Contabilidad Pública, RCP) of Colombia?s General Accounting Office.

Some figures in this release are presented in U.S. dollars (US$), as indicated. The financial results in the main body of this report have been rounded to one decimal place. Figures presented in COP$ billion are equivalent to COP$1 thousand million (COP$1,000,000,000). Additionally, some 2013 figures have been reclassified to be comparable to those of 2014.

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Review of the results

On Tuesday, November 4th, Ecopetrol´s senior management will host two webcasts to review the results of the third quarter of 2014:

Spanish: 1:30 p.m. (Bogota, New York and Toronto)
English: 3:00 p.m. (Bogota, New York and Toronto)

The webcasts will be available on Ecopetrol´s website www.ecopetrol.com.co and on the following links:



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