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Interim condensed consolidated statement of cash flows - COP ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows in operating activities:    
Net profit for the period $ 8,717,774 $ 14,471,587
Adjustments to reconcile net profit to net cash provided by operating activities:    
Income taxes 6,914,028 6,763,926
Depreciation, depletion, and amortization 7,286,500 6,524,299
Foreign exchange gain (45,267) (547,244)
Finance cost of loans and borrowings 3,496,572 3,428,301
Finance cost of post-employment benefits and abandonment costs 1,264,839 1,226,402
Disposal of exploratory assets and dry wells 604,922 265,192
Loss on sale or disposal of non-current assets 15,516 21,915
Impairment of non-current assets 8,238 6,558
Impairment of current assets 40,507 53,051
Gain on fair value of financial assets (47,186) (115,362)
(Gain) loss on hedging transactions with derivatives (758) 9
Share of profit of associates and joint ventures (386,291) (497,135)
Loss on disposal of assets held for sale 15,830 13,028
(Gain) loss on hedge ineffectiveness (2,330) 4,748
Realized (gain) loss on foreign exchange cash flow hedges (40,114) 656,746
Provision expenses 240,627 240,912
Net change in operational assets and liabilities:    
Trade and other receivables 7,246,588 (15,873,508)
Inventories (732,407) 1,089,937
Trade and other payables (2,512,203) (990,863)
Current tax assets and liabilities (282,981) (1,977,440)
Provisions for employee benefits (489,536) (479,989)
Provisions and contingencies (387,013) (722,128)
Other assets and liabilities (652,230) (1,705,128)
Cash flows from operations 30,273,625 11,857,814
Income tax paid (7,189,820) (6,648,898)
Net cash provided by operating activities 23,083,805 5,208,916
Cash flow in investing activities:    
Investment in joint ventures (11,601) 0
Investment in property, plant, and equipment (3,739,461) (3,550,126)
Investment in natural and environmental resources (4,772,588) (6,737,974)
Acquisitions of intangibles (389,225) (420,215)
Proceeds from the sale of other financial assets (685,011) 1,236,650
Interests received 782,821 1,012,873
Dividends received 213,046 185,737
Proceeds from sales of non-current assets 67,756 30,708
Net cash used in investment activities (8,534,263) (8,242,347)
Cash flow in financing activities:    
Proceeds obtained from loans and borrowings 10,425,923 15,654,833
Payments of loans and borrowings (8,486,656) (9,976,744)
Interest payments (3,571,554) (3,195,743)
Lease payments (principal and interests) (282,015) (261,388)
Capital restitution (15,333) (12,035)
Dividends paid (12,192,292) (2,560,568)
Net cash used in financing activities (14,121,927) (351,645)
Exchange difference in cash and cash equivalents 473,145 (691,147)
Net increase (decrease) in cash and cash equivalents 900,760 (4,076,223)
Cash and cash equivalent at the beginning of the period 12,336,115 15,401,058
Cash and cash equivalent at the end of the period $ 13,236,875 $ 11,324,835