Business Segments Ecopetrol S.A.

Stocks

ECOPETROL

COC04PA00016

Oil & Gas Exploration and Production

End-of-day quote Bolsa De Valores De Colombia Other stock markets 10/07/2026			5-day change	1st Jan Change
2,545.00 ^COP	+0.39%		-0.20%	+36.10%

07-10	LatAm assets head for weekly advance as risk appetite improves	RE
07-09	LatAm currencies gain as easing oil prices lift risk appetite, stocks mixed	RE

Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

Net Income: Breakdown by Business Segment

Breakdown by Business Segment (COP)

Fiscal Period: December	2021	2022	2023	2024	2025
Oil and Gas Production
Exploration and Production	63,249B	91,020B	81,404B	81,085B	71,052B
Interest Expense	-2,411B	-2,895B	-4,873B	-5,037B	-5,281B
Income Tax Expense	5,020B	13,830B	8,848B	7,712B	2,005B
CAPEX	-9,473B	-16,569B	-18,223B	-17,709B	-16,047B
EBT	16,760B	35,461B	18,617B	16,900B	7,036B
Gross Profit	22,914B	44,271B	29,577B	26,222B	17,102B
D&A	6,845B	7,305B	-	-	-
Operating Income	18,863B	37,359B	19,980B	20,816B	10,821B
Net Income	11,829B	21,761B	9,860B	9,274B	5,118B
Oil and Gas Refining and Marketing
Refining and Petrochemical	50,976B	89,179B	82,148B	69,220B	64,699B
Interest Expense	-1,151B	-1,382B	-1,748B	-1,679B	-1,529B
Income Tax Expense	384B	1,464B	686B	-836B	-325B
CAPEX	-1,868B	-962B	-738B	-1,699B	-1,792B
EBT	-641B	6,335B	4,814B	-1,121B	-1,652B
Gross Profit	2,441B	8,847B	6,431B	1,502B	1,894B
D&A	1,641B	1,960B	-	-	-
Operating Income	417B	7,695B	5,455B	374B	-811B
Net Income	-1,199B	4,686B	3,913B	-483B	-1,525B
Electric Power Transmission and Control
Power Transmission and Rail	4,113B	13,358B	14,168B	15,806B	16,033B
Interest Expense	-886B	-3,884B	-3,984B	-3,767B	-4,046B
Income Tax Expense	467B	708B	529B	808B	693B
CAPEX	-562B	-1,833B	-1,651B	-1,108B	-1,338B
EBT	1,639B	3,754B	4,066B	5,111B	3,696B
Gross Profit	2,296B	7,503B	8,239B	8,854B	8,141B
D&A	462B	1,415B	-	-	-
Operating Income	1,921B	6,345B	6,646B	7,656B	6,492B
Net Income	386B	674B	675B	966B	450B
Oil and Gas Pipelines
Transport and Logistics	12,158B	13,956B	15,510B	15,134B	15,337B
Interest Expense	-251B	-288B	-349B	-326B	-345B
Income Tax Expense	2,925B	2,962B	3,420B	3,406B	3,554B
CAPEX	-1,392B	-2,514B	-2,702B	-1,535B	-1,147B
EBT	8,671B	8,612B	9,295B	9,808B	9,780B
Gross Profit	8,898B	10,063B	11,130B	10,756B	11,015B
D&A	1,212B	1,449B	-	-	-
Operating Income	8,463B	8,733B	9,486B	9,595B	10,135B
Net Income	4,635B	4,483B	4,618B	5,170B	4,983B
Eliminations	-38,616B	-47,902B	-50,151B	-47,917B	-47,427B
Interest Expense	268B	421B	570B	489B	420B
EBT	-3.15B	860M	-3.8B	7.24B	1B
Gross Profit	-249B	-531B	-476B	-487B	-515B
Operating Income	33.17B	98.51B	80.89B	20.12B	42B
Net Income	-3.15B	860M	-3.8B	7.24B	3B

Geographical Revenue Distribution History

Geographical breakdown of sales (COP)

Fiscal Period: December	2021	2022	2023	2024	2025
Colombia	44,822B	83,652B	71,745B	62,656B	58,038B
United States	16,025B	27,121B	24,992B	27,094B	42,627B
South America and Others	5,727B	13,610B	12,117B	16,209B	17,897B
Central America and The Caribbean	3,504B	9,841B	2,634B	410B	691B
Europe	1,448B	2,840B	2,750B	2,663B	423B
Asia	20,355B	22,548B	28,841B	24,296B	18B