Ecopetrol S.A. (EC) Q1 2025 Earnings Call

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WEBVTT 00:00:00.284 -- 00:00:05.274 Good morning. My name is Natalia and I will be your operator today. 00:00:05.274 -- 00:00:10.285 Welcome to the COPETROS Earnings Conference Call, in which we will discuss the main 00:00:10.285 -- 00:00:14.894 financial and operating results of the first quarter of 2025. 00:00:14.894 -- 00:00:16.758 There 00:00:16.758 -- 00:00:21.698 will be a questions and answers session at the end of the presentation. 00:00:21.698 -- 00:00:26.845 Before we begin, it is important to mention that the comments in this call by Ecopetrol 00:00:26.845 -- 00:00:32.674 Senior Management include projections of the company's future performance. 00:00:32.674 -- 00:00:37.982 These projections do not constitute any commitment as to future results, 00:00:37.982 -- 00:00:43.550 nor do they take into account risks or uncertainties that could materialize. 00:00:43.550 -- 00:00:48.757 As a result, Ecopetrol assumes no responsibility in the event that future 00:00:48.757 -- 00:00:54.140 results are different from the projections shared on this conference call. 00:00:54.140 -- 00:00:59.890 The call will be led by Mr. Ricardo Roa, CEO of Ecopetrol, 00:00:59.890 -- 00:01:04.678 Rafael Guzman, Executive Vice President of Hydrocarbons, 00:01:04.678 -- 00:01:10.207 Camilo Arco, CFO, and David Riaño, Executive Vice President 00:01:10.207 -- 00:01:12.150 of Transition Energies. 00:01:12.150 -- 00:01:16.576 Quarter results call of the Ecopetrol Group for 2025. 00:01:16.576 -- 00:01:22.143 The first months of the year were marked by high global uncertainty 00:01:22.143 -- 00:01:27.709 with a notable volatility in Brent prices, driving by geopolitical 00:01:27.709 -- 00:01:32.933 tensions and an increased supply from OPEC+. 00:01:33.016 -- 00:01:38.242 These factors required...