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An oil stock rises on rising oil prices. Imagine that.
In Colombia, Ecopetrol (EC) contributes 60% to the country's total production. The company also explores oil and natural gas in the Gulf of Mexico, Brazil and Peru.
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Ecopetrol, formerly known as Empresa Colombiana de Petróleo S.A. (English: Colombian Petroleum Co.) is the largest and primary petroleum company in Colombia. As a result of its continuous growth, Ecopetrol forms part of the Fortune Global 500 and was ranked 346. [ 3 ]
Occidental Petroleum was founded in Los Angeles, CA in 1920. [5] In 1957, Armand Hammer became the company's president and CEO after acquiring a controlling stake. [6] The 1960s marked a period of expansion as Occidental established operations in Peru, Venezuela, Bolivia, Trinidad, and the United Kingdom.
The refinery has a capacity of 75 thousand barrels per day (11.9 × 10 ^ 3 m 3 /d). [2] By 2013, the capacity will be increased to 165 thousand barrels per day (26.2 × 10 ^ 3 m 3 /d). [1]
Get breaking news and the latest headlines on business, entertainment, politics, world news, ... USA TODAY 8 minutes ago Earthquake recorded near Midland, Texas at magnitude 4.7, USGS says.
Today's Top U.S. News Story Judge finds mass firings of federal probationary workers were likely unlawful A federal judge in San Francisco finds the mass firings of probationary employees were likely unlawful More »