Ecopetrol S.A. (EC) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.401 Good morning. My name is Natalia and I will be your operator today. 00:00:04.401 -- 00:00:09.633 Welcome to Ecopetrol's Earnings Conference Call, in which we will discuss the main financial 00:00:09.633 -- 00:00:12.720 and operating results of the second quarter of 2025. 00:00:12.720 -- 00:00:14.323 There 00:00:14.323 -- 00:00:18.172 will be a questions and answers session at the end of the presentation. 00:00:18.172 -- 00:00:23.236 Before we begin, it is important to mention that the comments in this call by Ecopetrol's 00:00:23.236 -- 00:00:28.681 senior management include projections of the company's future performance. 00:00:28.681 -- 00:00:33.766 These projections do not constitute any commitment as to future results, nor 00:00:33.766 -- 00:00:38.930 do they take into account risks or uncertainties that could materialize. 00:00:38.930 -- 00:00:44.535 As a result, Ecopetrol assumes no responsibility in the event that future results 00:00:44.535 -- 00:00:48.158 are different from the projections shared on this conference call. 00:00:48.158 -- 00:00:53.804 The call will be led by Mr. Ricardo Roa, CEO of Ecopetrol, 00:00:53.804 -- 00:00:58.488 Rafael Guzman, Executive Vice President of Hydrocarbons, 00:00:58.488 -- 00:01:03.953 Camilo Barco, CFO, and Bayron Triana, Executive Vice President 00:01:03.953 -- 00:01:07.777 of Transition Energies. Thank you for your attention. 00:01:07.777 -- 00:01:11.439 Mr. Roa, you may begin your conference. 00:01:12.061 -- 00:01:17.386 Welcome to Ecopetrol Group's second quarter of 2025 earnings call. 00:01:17.386 -- 00:01:22.433 During the quarter, we maintained solid operations with improvements 00:01:22.433 -- 00:01:27.960 in upstream, recovery in downstream, and resilient results in the midstrea...