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Equity (Tables)

12 Months Ended

Dec. 31, 2023

Equity

Schedule of composition of the ecopetrol business group's reserves

​

​	​	​	​	​
​		2023		2022
Legal reserve		9,747,885	​	6,407,256
Fiscal and statutory reserves		509,082	​	509,082
Occasional reserves		7,665,758	​	1,982,295
​		17,922,725	​	8,898,633

Schedule of balance of movement of the equity reserves

​

​	​	​	​	​
​		2023		2022
Opening balance		8,898,633		10,624,229
Release of reserves		(2,491,377)		(5,886,441)
Allocation to reserves		11,515,469		11,068,450
Dividends declared	​	—	​	(6,907,605)
Closing balance		17,922,725		8,898,633

Schedule of dividends paid

​

​	​	​	​	​	​	​
​		2023		2022		2021
Ecopetrol S.A.		2,747,231		11,622,778		696,387
Interconexión Eléctrica S.A. ESP		1,506,799		572,260		790,532
Oleoducto Central S.A. - Ocensa		809,302		752,530		682,615
Invercolsa S.A.		254,464		179,202		150,333
Oleoducto de los Llanos Orientales S.A. - ODL		171,290		138,939		147,056
Oleoducto de Colombia S.A. - ODC		81,790		91,238		86,594
Oleoducto Bicentenario de Colombia S.A.S. - OBC		—		—		217,770
Total		5,570,876		13,356,947		2,771,287

Schedule of composition of the other comprehensive results attributable to the shareholders

​

​	​	​	​	​	​	​
​		2023		2022		2021
Foreign currency translation		15,055,305	​	28,816,983	​	17,244,255
Hedge of a net investment in a foreign operation		(3,165,320)	​	(9,219,271)	​	(4,364,466)
Actuarial gain on defined benefit plans		(3,942,417)	​	(1,331,361)	​	(517,278)
Cash flow hedges for future exports	​	601,744	​	(2,473,999)	​	(945,250)
Cash flow hedge with derivative instruments		124,384	​	1,290	​	(61,502)
Others		952	​	3,077	​	2,135
​		8,674,648	​	15,796,719	​	11,357,894

Schedule of earnings per share

​

​	​	​	​	​	​	​	​	​	​
​		2023			2022			2021
Profit attributable to Ecopetrol’s shareholders	​		21,060,798	​		31,604,781	​		15,649,143
Weighted average number of outstanding shares	​		41,116,694,690	​		41,116,694,690	​		41,116,694,690
Net basic earnings per share (Colombian pesos)	​	COP$	512.2	​	COP$	768.7	​	COP$	380.6

​

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