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Exhibit 1 - Consolidated subsidiaries, associates, and joint ventures (Tables)
12 Months Ended
Dec. 31, 2023
Exhibit 1 - Consolidated subsidiaries, associates, and joint ventures  
Schedule of interests in subsidiaries

Ownership

Geographic

Profit

Functional

interest

Country/

area of

(loss) of

Total

Total

Company

    

currency

    

Ecopetrol

    

Activity

    

Domicile

    

operations

    

Equity

    

the year

    

assets

    

liabilities

Subsidiaries

    

    

    

    

    

    

    

    

Refinería de Cartagena S.A.S.

 

US Dollar

 

100

%  

Refining of hydrocarbons, commercialization and distribution of products

 

Colombia

 

Colombia

 

22,507,372

 

4,867,094

 

35,151,210

 

12,643,838

Cenit transporte y logística de hidrocarburos S.A.S.

Colombian Peso

100

%  

Storage and transport by pipelines of hydrocarbons

Colombia

Colombia

16,184,340

4,918,027

19,165,246

2,980,906

Ecopetrol Global Energy S.L.U.

US Dollar

100

%  

Investment Vehicle

Spain

Spain

13,936,493

779,372

13,936,782

289

Oleoducto Central S.A.S - Ocensa

US Dollar

72.65

%  

Transportation by crude oil pipelines

Colombia

Colombia

3,339,065

3,262,352

7,014,139

3,675,074

Hocol Petroleum Limited.

 

US Dollar

 

100

%  

Investment Vehicle

 

Bermuda

 

Bermuda

 

3,900,278

 

334,443

 

3,900,348

 

70

Ecopetrol América LLC.

 

US Dollar

 

100

%  

Exploration and exploitation of hydrocarbons

 

United States

 

United States

 

1,565,618

 

(136,483)

 

3,216,891

 

1,651,273

Hocol S.A.

 

US Dollar

 

100

%  

Exploration and exploitation of hydrocarbons

 

Cayman Islands

 

Colombia

 

3,397,978

 

314,192

 

5,247,665

 

1,849,687

Esenttia S.A.

 

US Dollar

 

100

%  

Production and commercialization of polypropylene resin

 

Colombia

 

Colombia

 

2,483,261

 

291,877

 

2,949,288

 

466,027

Ecopetrol Capital AG

 

US Dollar

 

100

%  

Collection of surpluses from, and providing funds to, companies of Ecopetrol Business Group

 

Switzerland

 

Switzerland

 

2,662,417

 

140,961

 

9,893,302

 

7,230,885

Oleoducto de Colombia S. A. – ODC

 

Colombian Peso

 

73

%  

Transportation by crude oil pipelines

 

Colombia

 

Colombia

 

416,079

 

404,994

 

845,948

 

429,869

Black Gold Re Ltd.

 

US Dollar

 

100

%  

Reinsurer for companies of Ecopetrol Business Group

 

Bermuda

 

Bermuda

 

1,074,772

 

103,061

 

1,349,418

 

274,646

Andean Chemicals Ltd.

 

US Dollar

 

100

%  

Investment Vehicle

 

Bermuda

 

Bermuda

 

1,817,910

 

194,151

 

1,822,429

 

4,519

Oleoducto de los Llanos Orientales S. A. - ODL

 

Colombian Peso

 

65

%  

Transportation by crude oil pipelines

 

Panama

 

Colombia

 

904,438

 

697,496

 

1,567,561

 

663,123

Interconexión Eléctrica S.A. E.S.P

 

Colombian Peso

 

51.41

%  

Public transmission service of electric power, the development of infrastructure projects and their commercial exploitation and the development of information technology systems, activities and services and telecommunications.

 

Colombia

 

Latin-America

 

26,366,394

 

2,466,453

 

71,217,176

 

44,850,782

Ownership

Geographic

Profit

Functional

interest

Country/

area of

(loss) of

Total

Total

Company

currency

Ecopetrol

Activity

Domicile

operations

Equity

the year

assets

liabilities

Inversiones de Gases de Colombia S.A. Invercolsa S.A.

Colombian Peso

51.88

%  

Holding with investments in natural gas and LPG transportation and distribution companies in Colombia

Colombia

Colombia

654,544

341,249

658,602

4,058

Alcanos de Colombia S.A. E.S.P. (1)

 

Colombian Peso

 

29.61

%  

Residential public fuel gas service, construction and operation of gas pipelines, distribution networks, regulation, measurement, and compression stations.

 

Colombia

 

Colombia

 

330,460

 

141,650

 

820,122

 

489,662

Metrogas de Colombia S.A E.S.P. (1)

 

Colombian Peso

 

33.49

%  

Public service of commercialization and distribution of fuel gas; the exploration, exploitation, storage, use, transportation, refining, purchase, sale and distribution of hydrocarbons and their derivatives.

 

Colombia

 

Colombia

 

57,091

 

20,559

 

141,006

 

83,915

Gases del Oriente S.A. E.S.P. (1)

 

Colombian Peso

 

48.50

%  

Home public service of distribution of fuel gas and the development of all complementary activities to the supplying of said service.

 

Colombia

 

Colombia

 

90,681

 

60,588

 

203,703

 

113,022

Promotora de Gases del Sur S.A. E.S.P. (1)

Colombian Peso

31.44

%  

Promote the linking of national or foreign capital, public or private, to achieve the gas massification project.

Colombia

Colombia

55,250

40,433

85,986

30,736

Combustibles Líquidos de Colombia S.A E.S.P. (1)

Colombian Peso

41.61

%  

Wholesale marketing of fuel gas, the supplying of the residential public service of LPG distribution and the development of complementary activities to supply the service.

Colombia

Colombia

61,759

1,351

79,823

18,064

Ownership

Geographic

Profit

Functional

interest

Country/

area of

(loss) of

Total

Total

Company

currency

Ecopetrol

Activity

Domicile

operations

Equity

the year

assets

liabilities

Ecopetrol USA Inc.

    

US Dollar

    

100%

Exploration and exploitation of hydrocarbons

    

United States

    

United States

    

11,898,257

    

985,030

    

11,914,539

    

16,282

Ecopetrol Permian LLC.

US Dollar

100%

Exploration and exploitation of hydrocarbons

United States

United States

8,414,625

1,028,492

11,422,720

3,008,095

Ecopetrol Oleo é Gas do Brazil Ltda.

 

Real

 

100%

Exploration and exploitation of hydrocarbons

 

Brazil

 

Brazil

 

1,937,309

 

(203,243)

 

1,977,106

 

39,797

Esenttia Masterbatch Ltda.

 

Colombian Peso

 

100%

Manufacture of polypropylene compounds and masterbatches

 

Colombia

 

Colombia

 

357,206

 

203,097

 

469,328

 

112,122

Ecopetrol del Perú S. A.

US Dollar

100%

Exploration and exploitation of hydrocarbons

Peru

Peru

57,570

872

60,894

3,324

ECP Hidrocarburos de México S.A. de C.V.

US Dollar

100%

Offshore exploration

Mexico

Mexico

43,393

(1,811)

45,380

1,987

Ecopetrol Costa Afuera S.A.S.

Colombian Peso

100%

Offshore exploration

Colombia

Colombia

13,395

431

13,609

214

Esenttia Resinas del Peru SAC

US Dollar

100%

Commercialization polypropylene resins and masterbatches

Peru

Peru

14,579

809

37,141

22,562

Topili Servicios Administrativos S de RL De CV.

 

Mexican Peso

 

100%

Specialized management services

 

Mexico

 

Mexico

 

(271)

 

(303)

 

134

 

405

Kalixpan Servicios Técnicos S de RL De CV.

 

Mexican Peso

 

100%

Specialized services related to oil and gas industry

 

Mexico

 

Mexico

 

86

 

(87)

 

91

 

5

Ecopetrol US Trading LLC

 

US Dollar

 

100%

International trading of crude oil and refined products

 

United States

 

United States

 

58,927

 

61,252

 

1,330,201

 

1,271,274

Ecopetrol Singapore PTE. LTD

 

Singapore dollar

 

100%

Holding company with investment in an international trading company for crude oil and refined products

 

Singapore

 

Asia

 

653,065

 

661,672

 

653,174

 

109

Ecopetrol Trading Asia PTE. LTD

 

Singapore dollar

 

100%

International trading of crude oil and refined products

 

Singapore

 

Asia

 

653,095

 

661,951

 

3,558,012

 

2,904,917

Schedule of interests in associates and joint ventures

    

    

Ownership

    

    

    

Geographic

    

    

    

    

Functional

interest

Country/

area of

Profit (loss) of

Total

Company

currency

Ecopetrol

Activity

Domicile

operations

Equity

the year

Total assets

liabilities

Associates

Serviport S.A. (2)

 

Colombian Peso

 

49

%  

Services for the support of loading and unloading of oil ships, supply of equipment, technical inspections, and load measurements

 

Colombia

 

Colombia

 

11,274

 

(4,692)

 

41,082

 

29,808

Sociedad Portuaria Olefinas y Derivados S.A. (3)

 

Colombian Peso

 

50

%  

Construction, use, maintenance and administration of port facilities, ports, private docks.

 

Colombia

 

Colombia

 

8,476

 

2,904

 

12,219

 

3,743

Joint Ventures

 

  

 

  

 

 

  

 

  

 

 

 

 

Equion Energía Limited

 

US Dollar

 

51

%  

Exploration and exploitation of hydrocarbons

 

United Kingdom

 

Colombia

 

1,329,394

 

38,718

 

1,401,176

 

71,782

Ecodiesel Colombia S.A. (3)

 

Colombian Peso

 

50

%  

Production, trading, and distribution of biofuels and oleochemicals

 

Colombia

 

Colombia

 

170,060

 

55,099

 

265,330

 

95,270

Schedule of subsidiaries, associates, and joint ventures Interconexion Electrica S.A. ESP

    

Ownership 

    

    

Geographic 

    

Profit 

    

interest 

Country/ 

area of 

(loss) of 

Company

    

Functional currency

    

ISA

    

Activity

    

Domicile

    

operations

    

Equity

    

the year

    

Assets

    

Liabilities

Subsidiaries Interconexión Eléctrica S.A. ESP

Consorcio Transmantaro

 

US Dollar

 

60.00

%  

Electric power

Peru

 

Peru

1,763,298

 

264,947

 

7,344,752

5,581,454

Interligação Eléctrica Evrecy

 

Brazilian real

 

35.82

%  

Electric power

Brazil

 

Brazil

301,117

 

(16,122)

 

338,371

37,254

Fundo de Investimento Assis

 

Brazilian real

 

35.81

%  

Autonomous Fund – Special Purpose Entity

Brazil

 

Brazil

297,081

 

11,015

 

297,081

Fundo de Investimento Barra Bonita Renda Fixa Referenciado

 

Brazilian real

 

35.73

%  

Autonomous Fund – Special Purpose Entity

Brazil

 

Brazil

14,829

 

1,112

 

14,829

Fundo de Investimento Referenciado di Bandeirantes

 

Brazilian real

 

27.68

%  

Autonomous Fund – Special Purpose Entity

Brazil

 

Brazil

290,651

 

30,977

 

290,651

Fundo de Investimento Xavantes Referenciado di

 

Brazilian real

 

17.54

%  

Autonomous Fund – Special Purpose Entity

Brazil

 

Brazil

609,614

 

54,566

 

609,614

Interconexiones Viales

 

Chilean peso

 

65.00

%  

Roads concessions

Chile

 

Chile

37

 

(4,145)

 

39

2

Interligação Elétrica Aguapeí

 

Brazilian real

 

35.82

%  

Electric power

Brazil

 

Brazil

506,224

 

51,352

 

556,177

49,953

Interligação Elétrica Biguaçu

 

Brazilian real

 

35.82

%  

Electric power

Brazil

 

Brazil

361,965

 

59,638

 

424,904

62,939

Interligação Elétrica De Minas Gerais

 

Brazilian real

 

35.82

%  

Electric power

Brazil

 

Brazil

416,128

 

783

 

452,785

36,657

Interligação Elétrica Itapura

 

Brazilian real

 

35.82

%  

Electric power

Brazil

 

Brazil

139,848

 

18,699

 

157,436

17,588

Interligação Elétrica Itaquerê

 

Brazilian real

 

35.82

%  

Electric power

Brazil

 

Brazil

474,440

 

60,763

 

523,334

48,894

Interligação Elétrica Itaúnes

 

Brazilian real

 

35.82

%  

Electric power

Brazil

 

Brazil

420,279

 

25,801

 

480,882

60,603

Interligação Elétrica Norte E Nordeste

 

Brazilian real

 

35.82

%  

Electric power

Brazil

 

Brazil

319,114

 

57,351

 

448,973

129,859

Interligação Elétrica Pinheiros

 

Brazilian real

 

35.82

%  

Electric power

Brazil

 

Brazil

53,982

 

11,823

 

62,153

8,171

Interligação Elétrica Riacho Grande

 

Brazilian real

 

35.82

%  

Electric power

Brazil

 

Brazil

126,250

 

11,066

 

158,806

32,556

Interligação Elétrica Serra Do Japi

 

Brazilian real

 

35.82

%  

Electric power

Brazil

 

Brazil

342,355

 

46,124

 

378,842

36,487

Interligação Elétrica Sul

 

Brazilian real

 

35.82

%  

Electric power

Brazil

 

Brazil

180,168

 

7,516

 

210,185

30,017

Interligação Elétrica Tibagi

 

Brazilian real

 

35.82

%  

Electric power

Brazil

 

Brazil

208,874

 

26,181

 

233,320

24,446

Internexa

 

Colombian peso

 

99.42

%  

Telecommunications and ICT

Colombia

 

Colombia

71,206

 

(143,493)

 

543,656

472,450

Transamerican Telecomunication S.A.

 

US Dollar

 

99.42

%  

Telecommunications and ICT

Argentina

 

Argentina

5,909

 

(12,330)

 

16,905

10,996

Internexa Brasil Operadora de Telecomunicações

 

Brazilian real

 

99.42

%  

Telecommunications and ICT

Brazil

 

Brazil

789

 

(134,535)

 

790

1

Internexa Chile

 

Chilean peso

 

98.43

%  

Telecommunications and ICT

Chile

 

Chile

15,549

 

(13,073)

 

56,509

40,960

Ownership 

    

    

    

Geographic 

    

    

Profit 

interest 

Country/ 

area of 

(loss) of 

Company

    

Functional currency

    

ISA

    

Activity

    

Domicile

    

operations

    

Equity

    

the year

    

Assets

    

Liabilities

Subsidiaries Interconexión Eléctrica S.A. ESP

Interligação Elétrica JAGUAR 6 S.A.

Brazilian real

35.82

%  

Electric power

Brazil

Brazil

177,979

9,872

190,819

12,840

Interligação Elétrica JAGUAR 8 S.A.

Brazilian real

35.82

%  

Electric power

Brazil

Brazil

104,357

9,713

117,533

13,176

Interligação Elétrica JAGUAR 9 S.A.

Brazilian real

35.82

%  

Electric power

Brazil

Brazil

368,021

72,511

417,572

49,551

Internexa Participações

Brazilian real

99.42

%  

Investment Vehicle

Brazil

Brazil

985

(91,887)

1,051

66

Internexa Peru

US Dollar

99.42

%  

Telecommunications and ICT

Peru

Peru

44,450

(26,531)

305,746

261,296

ISA Bolivia

 

US Dollar

 

100.00

%  

Electric power

Bolivia

 

Bolivia

 

110,562

 

10,284

121,428

10,866

ISA Capital Do Brazil

 

Brazilian real

 

100.00

%  

Investment Vehicle

Brazil

 

Brazil

 

4,943,612

 

841,993

5,298,623

355,011

ISA CTEEP

 

Brazilian real

 

35.82

%  

Electric power

Brazil

 

Brazil

 

13,721,058

 

2,461,680

27,486,842

13,765,784

ISA Interchile

 

US Dollar

 

100.00

%  

Electric power

Chile

 

Chile

 

1,293,646

 

121,276

5,545,359

4,251,713

ISA Intercolombia

 

Colombian peso

 

100.00

%  

Electric power

Colombia

 

Colombia

 

133,111

 

52,374

455,003

321,892

ISA Intervial Chile

 

Chilean peso

 

100.00

%  

Roads concessions

Chile

 

Chile

 

3,635,694

 

533,512

4,256,273

620,579

ISA Intervial Colombia

 

Colombian peso

 

100.00

%  

Roads concessions

Colombia

 

Colombia

 

638

 

51

638

-

ISA Inversiones Chile

 

Chilean peso

 

100.00

%  

Investment Vehicle

Chile

 

Chile

 

1,672,354

 

157,503

1,924,873

252,519

ISA Inversiones Chile Vías SpA

 

Chilean peso

 

100.00

%  

Investment Vehicle

Chile

 

Chile

 

3,638,171

 

534,045

3,638,805

634

ISA Inversiones Costera Chile

 

Chilean peso

 

100.00

%  

Investment Vehicle

Chile

 

Chile

 

(114,051)

 

(71,698)

70,173

184,224

ISA Inversiones Tolten

Chilean peso

100.00

%  

Investment Vehicle

Chile

Chile

27

(5)

27

-

ISA Investimentos E Participações

 

Brazilian real

 

100.00

%  

Investment Vehicle

Brazil

 

Brazil

 

995,716

 

140,918

995,918

202

ISA Peru

 

US Dollar

 

99.98

%  

Electric power

Peru

 

Peru

 

191,119

 

43,063

898,335

707,216

ISA REP

 

US Dollar

 

60.00

%  

Electric power

Peru

 

Peru

 

546,059

 

290,512

1,859,619

1,313,560

ISA Transelca

 

Colombian peso

 

100.00

%  

Electric power

Colombia

 

Colombia

 

910,581

 

199,452

1,936,548

1,025,967

Linear Systems RE

 

US dollar

 

100.00

%  

Other business

Bermudas

 

Bermudas

 

35,632

 

7,232

93,546

57,914

Proyectos de Infraestructura del Perú

 

US Dollar

 

100.00

%  

Electric power

Peru

 

Peru

 

19,019

 

7,773

21,204

2,185

Ruta Costera

 

Colombian peso

 

100.00

%  

Roads concessions

Colombia

 

Colombia

 

173,012

 

(4,870)

2,588,885

2,415,873

Ruta de La Araucanía

 

Chilean peso

 

100.00

%  

Roads concessions

Chile

 

Chile

 

323,871

 

60,950

681,824

357,953

Ruta de Los Ríos

 

Chilean peso

 

75.00

%  

Roads concessions

Chile

 

Chile

 

79,259

 

35,696

301,539

222,280

Ruta del Bosque

 

Chilean peso

 

100.00

%  

Roads concessions

Chile

 

Chile

 

11,072

 

(28,950)

12,595

1,523

Ruta del Loa

 

Chilean peso

 

100.00

%  

Roads concessions

Chile

 

Chile

 

310,944

 

70,097

1,365,486

1,054,542

Ruta del Maipo

 

Chilean peso

 

100.00

%  

Roads concessions

Chile

 

Chile

 

2,464,102

 

465,092

7,018,675

4,554,573

Ruta del Maule

 

Chilean peso

 

100.00

%  

Roads concessions

Chile

 

Chile

 

24

 

2,264

25

1

Sistemas Inteligentes en Red

 

Colombia peso

 

99.77

%  

Other business

Colombia

 

Colombia

 

13,743

 

4,543

25,252

11,509

XM

 

Colombian peso

 

99.73

%  

Electric power

Colombia

 

Colombia

 

57,987

 

18,309

445,241

387,254

Interconexiones del Norte S.A.

 

Chilean peso

 

100.00

%  

Electric power

Chile

 

Chile

 

152

 

167

30,123

29,971

Consorcio Eléctrico Yapay S.A.

 

US Dollar

 

60.00

%  

Electric power

Perú

 

Perú

 

13,611

 

(6,221)

19,110

5,499

Joint ventures Interconexión Eléctrica S.A. ESP

Interligação Elétrica do Madeira

Brazilian real

51.00

%  

Electric power

Brazil

Brazil

3,160,818

356,863

5,739,716

2,578,898

Interligação Elétrica Garanhuns

Brazilian real

51.00

%  

Electric power

Brazil

Brazil

875,296

101,875

1,228,068

352,772

Interligação Elétrica Paraguaçu

Brazilian real

50.00

%  

Electric power

Brazil

Brazil

884,355

126,683

1,331,261

446,906

Interligação Elétrica Aimorés

Brazilian real

50.00

%  

Electric power

Brazil

Brazil

551,370

84,280

850,421

299,051

Interligação Elétrica Ivaí

Brazilian real

50.00

%  

Electric power

Brazil

Brazil

798,810

169,061

3,603,858

2,805,048

Transmissora Aliança de Energia Elétrica

Brazilian real

14.88

%  

Electric power

Brazil

Brazil

5,273,100

1,121,332

13,877,165

8,604,065

Interconexión Eléctrica Colombia Panamá-Panamá

US Dollar

50.00

%  

Electric power

Panama

Panama

2,189

(31,805)

5,572

3,383

Interconexión Eléctrica Colombia Panamá Colombia

Colombia peso

1.17

%  

Electric power

Colombia

Colombia

265

(2)

266

1

Transnexa (4)

US Dollar

50.00

%  

Transport and telecommunications

Ecuador

Ecuador

Derivex

Colombia peso

40.46

%  

Manage the trading system for financial instruments derived from electricity

Colombia

Colombia

2,568

(851)

2,568

Parques del Río

Colombia peso

33.00

%  

Roads

Colombia

Colombia

68

(34)

68

Conexión Kimal Lo Aguirre S.A.

Chilena peso

33.33

%  

Electric power

Chile

Chile

357,207

873

933,357

576,150

Associates Interconexión Eléctrica S.A. ESP

ATP Tower Holdings

US Dollar

24.7

%  

Transport and telecommunications

United
States

United
States

1,448,862

(95,648)

3,981,180

2,532,318

(1)

Indirect participation through Inversiones de Gases de Colombia S.A. Invercolsa S.A.

(2)

Information available as of September 30, 2023, the investment of is fully impaired.

(3)

Information available as of November 30, 2023.

(4)

Transnexa is in the liquidation process and its investment has been impaired in its entirety.