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Exhibit 1. Consolidated companies, associates, and joint ventures (Unaudited) - Consolidated subsidiary companies (Details) - COP ($) $ in Millions | 6 Months Ended |  |
--- | --- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | Dec. 31, 2022
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Net equity | $ 95,236,419 | $ 98,242,364 | $ 100,252,480 | $ 113,903,089
Profit (loss) | 8,717,774 | $ 14,471,587 |  |
Total assets | 283,484,766 |  | 280,141,090 |
Total liabilities | $ 188,248,347 |  | $ 179,888,610 |
Refineria de Cartagena S.A.S. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | U.S. Dollar |  |  |
Ownership Interest | 100.00% |  |  |
Activity | Hydrocarbons refining, marketing and distribution |  |  |
Country/Domicile | Colombia |  |  |
Geographic area of operations | Colombia |  |  |
Net equity | $ 23,509,708 |  |  |
Profit (loss) | (910,551) |  |  |
Total assets | 35,121,833 |  |  |
Total liabilities | $ 11,612,125 |  |  |
Cenit Transporte y Logistica S.A.S. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | Colombian peso |  |  |
Ownership Interest | 100.00% |  |  |
Activity | Storage and transportation through hydrocarbon pipelines |  |  |
Country/Domicile | Colombia |  |  |
Geographic area of operations | Colombia |  |  |
Net equity | $ 14,274,042 |  |  |
Profit (loss) | 2,661,860 |  |  |
Total assets | 17,842,988 |  |  |
Total liabilities | $ 3,568,946 |  |  |
Ecopetrol Global Energy S.L.U. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | U.S. Dollar |  |  |
Ownership Interest | 100.00% |  |  |
Activity | Investment vehicle |  |  |
Country/Domicile | Spain |  |  |
Geographic area of operations | Spain |  |  |
Net equity | $ 16,510,216 |  |  |
Profit (loss) | 528,155 |  |  |
Total assets | 16,510,297 |  |  |
Total liabilities | $ 81 |  |  |
Oleoducto Central S. A. - Ocensa |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | U.S. Dollar |  |  |
Ownership Interest | 72.65% |  |  |
Activity | Transportation through hydrocarbon pipelines |  |  |
Country/Domicile | Colombia |  |  |
Geographic area of operations | Colombia |  |  |
Net equity | $ 3,633,946 |  |  |
Profit (loss) | 1,451,722 |  |  |
Total assets | 6,759,523 |  |  |
Total liabilities | $ 3,125,577 |  |  |
Hocol Petroleum Limited. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | U.S. Dollar |  |  |
Ownership Interest | 100.00% |  |  |
Activity | Investment vehicle |  |  |
Country/Domicile | Bermuda |  |  |
Geographic area of operations | Bermuda |  |  |
Net equity | $ 3,866,756 |  |  |
Profit (loss) | 96,711 |  |  |
Total assets | 4,112,856 |  |  |
Total liabilities | $ 246,100 |  |  |
Ecopetrol America LLC. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | U.S. Dollar |  |  |
Ownership Interest | 100.00% |  |  |
Activity | Hydrocarbons exploration and exploitation |  |  |
Country/Domicile | United States of America |  |  |
Geographic area of operations | United States of America |  |  |
Net equity | $ 1,750,271 |  |  |
Profit (loss) | 47,976 |  |  |
Total assets | 3,392,774 |  |  |
Total liabilities | $ 1,642,503 |  |  |
Hocol S.A. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | U.S. Dollar |  |  |
Ownership Interest | 100.00% |  |  |
Activity | Exploration, exploitation, and production of hydrocarbons |  |  |
Country/Domicile | Cayman Islands |  |  |
Geographic area of operations | Colombia |  |  |
Net equity | $ 3,351,032 |  |  |
Profit (loss) | 125,601 |  |  |
Total assets | 5,259,866 |  |  |
Total liabilities | $ 1,908,834 |  |  |
Esenttia S.A. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | U.S. Dollar |  |  |
Ownership Interest | 100.00% |  |  |
Activity | Production and commercialization of polypropylene resin |  |  |
Country/Domicile | Colombia |  |  |
Geographic area of operations | Colombia |  |  |
Net equity | $ 2,558,163 |  |  |
Profit (loss) | (81,043) |  |  |
Total assets | 3,116,775 |  |  |
Total liabilities | $ 558,612 |  |  |
Ecopetrol Capital AG |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | U.S. Dollar |  |  |
Ownership Interest | 100.00% |  |  |
Activity | Collection of surpluses from, and providing funds to, companies of the Ecopetrol Business Group |  |  |
Country/Domicile | Switzerland |  |  |
Geographic area of operations | Switzerland |  |  |
Net equity | $ 2,936,964 |  |  |
Profit (loss) | 44,593 |  |  |
Total assets | 8,655,529 |  |  |
Total liabilities | $ 5,718,565 |  |  |
Oleoducto de Colombia S.A. - ODC |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | Colombian peso |  |  |
Ownership Interest | 73.00% |  |  |
Activity | Pipeline transportation of crude oil |  |  |
Country/Domicile | Colombia |  |  |
Geographic area of operations | Colombia |  |  |
Net equity | $ 417,523 |  |  |
Profit (loss) | 172,927 |  |  |
Total assets | 799,041 |  |  |
Total liabilities | $ 381,518 |  |  |
Black Gold Re Ltd. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | U.S. Dollar |  |  |
Ownership Interest | 100.00% |  |  |
Activity | Reaseguradora para compañías del Grupo Empresarial Ecopetrol |  |  |
Country/Domicile | Bermuda |  |  |
Geographic area of operations | Bermuda |  |  |
Net equity | $ 1,217,714 |  |  |
Profit (loss) | 48,479 |  |  |
Total assets | 1,389,000 |  |  |
Total liabilities | $ 171,286 |  |  |
Andean Chemicals Ltd. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | U.S. Dollar |  |  |
Ownership Interest | 100.00% |  |  |
Activity | Investment vehicle |  |  |
Country/Domicile | Bermuda |  |  |
Geographic area of operations | Bermuda |  |  |
Net equity | $ 1,915,191 |  |  |
Profit (loss) | (50,927) |  |  |
Total assets | 1,931,415 |  |  |
Total liabilities | $ 16,224 |  |  |
Oleoducto de los Llanos Orientales S.A |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | Colombian peso |  |  |
Ownership Interest | 65.00% |  |  |
Activity | Pipeline transportation of crude oil |  |  |
Country/Domicile | Panama |  |  |
Geographic area of operations | Colombia |  |  |
Net equity | $ 512,682 |  |  |
Profit (loss) | 305,740 |  |  |
Total assets | 1,236,078 |  |  |
Total liabilities | $ 723,396 |  |  |
Interconexion Electrica S.A. E.S.P |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | Colombian peso |  |  |
Ownership Interest | 51.41% |  |  |
Activity | -Provision of the public electricitytransmission service- Development of infrastructureprojects and their commercialexploitation and- Software development, Informationtechnology and telecommunicationsactivities and services |  |  |
Country/Domicile | Colombia |  |  |
Geographic area of operations | Latin America |  |  |
Net equity | $ 26,584,977 |  |  |
Profit (loss) | 1,341,999 |  |  |
Total assets | 73,480,911 |  |  |
Total liabilities | $ 46,895,934 |  |  |
Inversiones de Gases de Colombia S.A. Invercolsa S.A. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | Colombian peso |  |  |
Ownership Interest | 51.88% |  |  |
Activity | Holding with investments in transportation and distribution companies of natural gas and LPG in Colombia |  |  |
Country/Domicile | Colombia |  |  |
Geographic area of operations | Colombia |  |  |
Net equity | $ 580,247 |  |  |
Profit (loss) | 266,589 |  |  |
Total assets | 746,271 |  |  |
Total liabilities | $ 166,024 |  |  |
Alcanos de Colombia S.A. E.S.P. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | Colombian peso |  |  |
Ownership Interest | 29.61% |  |  |
Activity | Provision of the home public service of fuel gas, the construction and operation of gas pipelines, distribution networks, regulation, measurement, and compression stations. |  |  |
Country/Domicile | Colombia |  |  |
Geographic area of operations | Colombia |  |  |
Net equity | $ 297,244 |  |  |
Profit (loss) | 107,430 |  |  |
Total assets | 837,451 |  |  |
Total liabilities | $ 540,207 |  |  |
Metrogas de Colombia S.A E.S.P. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | Colombian peso |  |  |
Ownership Interest | 33.49% |  |  |
Activity | Provision of the 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. |  |  |
Country/Domicile | Colombia |  |  |
Geographic area of operations | Colombia |  |  |
Net equity | $ 52,944 |  |  |
Profit (loss) | 16,411 |  |  |
Total assets | 142,043 |  |  |
Total liabilities | $ 89,099 |  |  |
Gases del Oriente S.A. E.S.P. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | Colombian peso |  |  |
Ownership Interest | 48.50% |  |  |
Activity | Provision of the home public service of fuel gas distribution and the development of all complementary activities to the provision of said service. |  |  |
Country/Domicile | Colombia |  |  |
Geographic area of operations | Colombia |  |  |
Net equity | $ 77,161 |  |  |
Profit (loss) | 47,069 |  |  |
Total assets | 215,458 |  |  |
Total liabilities | $ 138,297 |  |  |
Promotora de Gases del Sur S.A. E.S.P. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | Colombian peso |  |  |
Ownership Interest | 31.44% |  |  |
Activity | Promote the linking of national or foreign capital, public or private, to achieve the gas massification project. |  |  |
Country/Domicile | Colombia |  |  |
Geographic area of operations | Colombia |  |  |
Net equity | $ 44,835 |  |  |
Profit (loss) | 30,035 |  |  |
Total assets | 91,343 |  |  |
Total liabilities | $ 46,508 |  |  |
Combustibles Lquidos de Colombia S.A E.S.P. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | Colombian peso |  |  |
Ownership Interest | 41.61% |  |  |
Activity | Wholesale commercialization of fuel gas, the provision of the home public LPG distribution service and the development of complementary activities to the provision of said service. |  |  |
Country/Domicile | Colombia |  |  |
Geographic area of operations | Colombia |  |  |
Net equity | $ 61,606 |  |  |
Profit (loss) | 1,198 |  |  |
Total assets | 82,341 |  |  |
Total liabilities | $ 20,735 |  |  |
Ecopetrol USA Inc. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | U.S. Dollar |  |  |
Ownership Interest | 100.00% |  |  |
Activity | Hydrocarbons exploration and exploitation |  |  |
Country/Domicile | United States of America |  |  |
Geographic area of operations | United States of America |  |  |
Net equity | $ 14,511,454 |  |  |
Profit (loss) | 608,693 |  |  |
Total assets | 14,525,985 |  |  |
Total liabilities | $ 14,531 |  |  |
Ecopetrol Permian LLC. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | U.S. Dollar |  |  |
Ownership Interest | 100.00% |  |  |
Activity | Hydrocarbons exploration and exploitation |  |  |
Country/Domicile | United States of America |  |  |
Geographic area of operations | United States of America |  |  |
Net equity | $ 10,491,472 |  |  |
Profit (loss) | 382,472 |  |  |
Total assets | 13,295,872 |  |  |
Total liabilities | $ 2,804,400 |  |  |
Ecopetrol Oleo e Gas do Brasil Ltda. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | Real |  |  |
Ownership Interest | 100.00% |  |  |
Activity | Hydrocarbons exploration and exploitation |  |  |
Country/Domicile | Brazil |  |  |
Geographic area of operations | Brazil |  |  |
Net equity | $ 1,890,521 |  |  |
Profit (loss) | (77,760) |  |  |
Total assets | 1,984,852 |  |  |
Total liabilities | $ 94,331 |  |  |
Esenttia Masterbatch Ltda. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | Colombian peso |  |  |
Ownership Interest | 100.00% |  |  |
Activity | Manufacture of polypropylene compounds and masterbatches |  |  |
Country/Domicile | Colombia |  |  |
Geographic area of operations | Colombia |  |  |
Net equity | $ 318,698 |  |  |
Profit (loss) | 164,590 |  |  |
Total assets | 532,034 |  |  |
Total liabilities | $ 213,336 |  |  |
Ecopetrol del Peru S. A. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | U.S. Dollar |  |  |
Ownership Interest | 100.00% |  |  |
Activity | Hydrocarbons exploration and exploitation |  |  |
Country/Domicile | Peru |  |  |
Geographic area of operations | Peru |  |  |
Net equity | $ 63,522 |  |  |
Profit (loss) | 972 |  |  |
Total assets | 66,219 |  |  |
Total liabilities | $ 2,697 |  |  |
ECP Hidrocarburos de Mexico S.A. de C.V. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | U.S. Dollar |  |  |
Ownership Interest | 100.00% |  |  |
Activity | Offshore exploration |  |  |
Country/Domicile | Mexico |  |  |
Geographic area of operations | Mexico |  |  |
Net equity | $ 44,056 |  |  |
Profit (loss) | (3,081) |  |  |
Total assets | 46,447 |  |  |
Total liabilities | $ 2,391 |  |  |
Ecopetrol Costa Afuera S.A.S. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | Colombian peso |  |  |
Ownership Interest | 100.00% |  |  |
Activity | Offshore exploration |  |  |
Country/Domicile | Colombia |  |  |
Geographic area of operations | Colombia |  |  |
Net equity | $ 13,619 |  |  |
Profit (loss) | 224 |  |  |
Total assets | 13,757 |  |  |
Total liabilities | $ 138 |  |  |
Esenttia Resinas del Peru SAC |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | U.S. Dollar |  |  |
Ownership Interest | 100.00% |  |  |
Activity | Commercialization polypropylene resins and masterbatches |  |  |
Country/Domicile | Peru |  |  |
Geographic area of operations | Peru |  |  |
Net equity | $ 14,969 |  |  |
Profit (loss) | (809) |  |  |
Total assets | 30,152 |  |  |
Total liabilities | $ 15,183 |  |  |
Topili Servicios Administrativos S de RL de CV. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | Mexican pesos |  |  |
Ownership Interest | 100.00% |  |  |
Activity | Specialized management services |  |  |
Country/Domicile | Mexico |  |  |
Geographic area of operations | Mexico |  |  |
Net equity | $ (454) |  |  |
Profit (loss) | (138) |  |  |
Total assets | 625 |  |  |
Total liabilities | $ 1,079 |  |  |
Kalixpan Servicios Tecnicos S de RL de CV. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | Mexican pesos |  |  |
Ownership Interest | 100.00% |  |  |
Activity | Specialized services related to oil and gas industry |  |  |
Country/Domicile | Mexico |  |  |
Geographic area of operations | Mexico |  |  |
Net equity | $ 73 |  |  |
Profit (loss) | (18) |  |  |
Total assets | 75 |  |  |
Total liabilities | $ 2 |  |  |
Ecopetrol US Trading LLC |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | U.S. Dollar |  |  |
Ownership Interest | 100.00% |  |  |
Activity | International marketing of crude oil and refined products |  |  |
Country/Domicile | United States of America |  |  |
Geographic area of operations | United States of America |  |  |
Net equity | $ 262,345 |  |  |
Profit (loss) | 187,894 |  |  |
Total assets | 2,409,138 |  |  |
Total liabilities | $ 2,146,793 |  |  |
Econova Technology & Innovation S.L. |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | U.S. Dollar |  |  |
Ownership Interest | 100.00% |  |  |
Activity | Execution of activities related to science, technology, and innovation (ST&I) activities. |  |  |
Country/Domicile | Spain |  |  |
Geographic area of operations | Spain |  |  |
Net equity | $ 219 |  |  |
Profit (loss) | (62) |  |  |
Total assets | 391 |  |  |
Total liabilities | $ 172 |  |  |
Ecopetrol Singapore PTE. LTD |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | Singapore dollar |  |  |
Ownership Interest | 100.00% |  |  |
Activity | Holding company with investment in an international trading company for crude oil and refined products |  |  |
Country/Domicile | Singapore |  |  |
Geographic area of operations | Asia |  |  |
Net equity | $ 425,806 |  |  |
Profit (loss) | 194,409 |  |  |
Total assets | 425,901 |  |  |
Total liabilities | $ 95 |  |  |
Ecopetrol Trading Asia PTE. LTD |  |  |  |
Disclosure of consolidated subsidiaries, associates and joint ventures |  |  |  |
Functional Currency | Singapore dollar |  |  |
Ownership Interest | 100.00% |  |  |
Activity | International marketing of crude oil and refined products |  |  |
Country/Domicile | Singapore |  |  |
Geographic area of operations | Asia |  |  |
Net equity | $ 425,201 |  |  |
Profit (loss) | 194,394 |  |  |
Total assets | 3,909,793 |  |  |
Total liabilities | $ 3,484,592 |  |  |

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