Ecopetrol S.A. concluded 2024 with robust operating performance, reporting revenues of COP 133.3 trillion, net income of COP 14.9 trillion, and an EBITDA of COP 54.1 trillion, achieving an EBITDA margin of 41%. The company also realized historic optimizations of COP 5.3 trillion through its efficiencies program.
The company reported a 104% reserve replacement ratio, incorporating 260 MBPE, with consolidated current assets reaching a 111% ratio. Average reserve life stands at 7.6 years. Production reached 746 kboed, a 1.2% increase from the previous year, surpassing expectations.
Ecopetrol invested USD 6,119 million in 2024 and contributed COP 42 trillion in total transfers to shareholders. Significant progress was also made in energy transition, with 4.17 PJ of energy optimization, a reduction of 349,735 tons of CO2e, and approval of Phase III of the Coral project for green hydrogen production at the Cartagena Refinery.
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