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Exhibit 1. Consolidated companies, associates, and joint ventures (Unaudited) (Tables)
6 Months Ended
Jun. 30, 2024
Exhibit 1. Consolidated companies, associates, and joint ventures (Unaudited)  
Schedule of interests in subsidiaries

Ownership

Geographic

Profit (loss)

 

Functional

Interest

Country/

area of

for the

Total

Total

 

Company

    

Currency

Ecopetrol

Activity

Domicile

operations

Net equity

period

assets

liabilities

 

Subsidiaries

    

    

    

    

    

    

    

    

  

Refinería de Cartagena S.A.S.

 

U.S. Dollar

 

100

%  

Hydrocarbons refining, marketing and distribution

 

Colombia

 

Colombia

 

23,509,708

 

(910,551)

 

35,121,833

 

11,612,125

  

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

Colombian peso

100

%  

Storage and transportation through hydrocarbon pipelines

Colombia

Colombia

14,274,042

2,661,860

17,842,988

3,568,946

Ecopetrol Global Energy S.L.U.

U.S. Dollar

100

%  

Investment vehicle

Spain

Spain

16,510,216

528,155

16,510,297

81

Oleoducto Central S.A. - Ocensa

U.S. Dollar

72.65

%  

Transportation through hydrocarbon pipelines

Colombia

Colombia

3,633,946

1,451,722

6,759,523

3,125,577

Hocol Petroleum Limited.

 

U.S. Dollar

 

100

%  

Investment vehicle

 

Bermuda

 

Bermuda

 

3,866,756

 

96,711

 

4,112,856

 

246,100

  

Ecopetrol América LLC.

 

U.S. Dollar

 

100

%  

Hydrocarbons exploration and exploitation

 

United States of America

 

United States of America

 

1,750,271

 

47,976

 

3,392,774

 

1,642,503

  

Hocol S.A.

 

U.S. Dollar

 

100

%  

Exploration, exploitation, and production of hydrocarbons

 

Cayman Islands

 

Colombia

 

3,351,032

 

125,601

 

5,259,866

 

1,908,834

  

Esenttia S.A.

 

U.S. Dollar

 

100

%  

Production and commercialization of polypropylene resin

 

Colombia

 

Colombia

 

2,558,163

 

(81,043)

 

3,116,775

 

558,612

  

Ecopetrol Capital AG

 

U.S. Dollar

 

100

%  

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

 

Switzerland

 

Switzerland

 

2,936,964

 

44,593

 

8,655,529

 

5,718,565

  

Oleoducto de Colombia S. A. – ODC

 

Colombian peso

 

73

%  

Pipeline transportation of crude oil

 

Colombia

 

Colombia

 

417,523

 

172,927

 

799,041

 

381,518

  

Black Gold Re Ltd.

 

U.S. Dollar

 

100

%  

Reaseguradora para compañías del Grupo Empresarial Ecopetrol

 

Bermuda

 

Bermuda

 

1,217,714

 

48,479

 

1,389,000

 

171,286

  

Andean Chemicals Ltd.

 

U.S. Dollar

 

100

%  

Investment vehicle

 

Bermuda

 

Bermuda

 

1,915,191

 

(50,927)

 

1,931,415

 

16,224

  

Oleoducto de los Llanos Orientales S. A. - ODL

 

Colombian peso

 

65

%  

Pipeline transportation of crude oil

 

Panama

 

Colombia

 

512,682

 

305,740

 

1,236,078

 

723,396

  

Interconexión Eléctrica S.A. E.S.P.

 

Colombian peso

 

51.41

%  

-Provision of the public electricity
transmission service
- Development of infrastructure
projects and their commercial
exploitation and
- Software development, Information
technology and telecommunications
activities and services

 

Colombia

 

Latin America

 

26,584,977

 

1,341,999

 

73,480,911

 

46,895,934

  

Ownership

Geographic

Profit

Functional

Interest

Country/

area of

(loss) for

Total

Total

Company

    

Currency

    

Ecopetrol

    

Activity

    

Domicile

    

operations

    

Net equity

    

the period

    

assets

    

liabilities

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

Colombian peso

51.88

%  

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

Colombia

Colombia

580,247

266,589

746,271

166,024

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

 

Colombian peso

 

29.61

%  

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

 

Colombia

 

Colombia

 

297,244

 

107,430

 

837,451

 

540,207

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

 

Colombian peso

 

33.49

%  

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.

 

Colombia

 

Colombia

 

52,944

 

16,411

 

142,043

 

89,099

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

 

Colombian peso

 

48.50

%  

Provision of the home public service of fuel gas distribution and the development of all complementary activities to the provision of said service.

 

Colombia

 

Colombia

 

77,161

 

47,069

 

215,458

 

138,297

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

44,835

30,035

91,343

46,508

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

Colombian peso

41.61

%  

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.

Colombia

Colombia

61,606

1,198

82,341

20,735

Ownership

Geographic

Profit (loss)

Functional

Interest

Country/

area of

for the

Total

Total

Company

Currency

Ecopetrol

Activity

Domicile

operations

Net equity

period

assets

liabilities

Ecopetrol USA Inc.

    

U.S. Dollar

    

100

%  

Hydrocarbons exploration and exploitation

    

United States of America

    

United States of America

    

14,511,454

    

608,693

    

14,525,985

    

14,531

Ecopetrol Permian LLC.

 

U.S. Dollar

 

100

%  

Hydrocarbons exploration and exploitation

 

United States of America

 

United States of America

 

10,491,472

 

382,472

 

13,295,872

 

2,804,400

Ecopetrol Oleo e Gas do Brasil Ltda.

 

Real

 

100

%  

Hydrocarbons exploration and exploitation

 

Brazil

 

Brazil

 

1,890,521

 

(77,760)

 

1,984,852

 

94,331

Esenttia Masterbatch Ltda.

Colombian peso

100

%  

Manufacture of polypropylene compounds and masterbatches

Colombia

Colombia

318,698

164,590

532,034

213,336

Ecopetrol del Perú S. A.

U.S. Dollar

100

%  

Hydrocarbons exploration and exploitation

Peru

Peru

63,522

972

66,219

2,697

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

U.S. Dollar

100

%  

Offshore exploration

Mexico

Mexico

44,056

(3,081)

46,447

2,391

Ecopetrol Costa Afuera S.A.S.

Colombian peso

100

%  

Offshore exploration

Colombia

Colombia

13,619

224

13,757

138

Esenttia Resinas del Perú SAC

 

U.S. Dollar

 

100

%  

Commercialization polypropylene resins and masterbatches

 

Peru

 

Peru

 

14,969

 

(809)

 

30,152

 

15,183

Topili Servicios Administrativos S de RL De CV.

 

Mexican pesos

 

100

%  

Specialized management services

 

Mexico

 

Mexico

 

(454)

 

(138)

 

625

 

1,079

Kalixpan Servicios Técnicos S de RL De CV.

 

Mexican pesos

 

100

%  

Specialized services related to oil and gas industry

 

Mexico

 

Mexico

 

73

 

(18)

 

75

 

2

Ecopetrol US Trading LLC

 

U.S. Dollar

 

100

%  

International marketing of crude oil and refined products

 

United States of America

 

United States of America

 

262,345

 

187,894

 

2,409,138

 

2,146,793

Econova Technology & Innovation S.L.

 

U.S. Dollar

 

100

%  

Execution of activities related to science, technology, and innovation (ST&I) activities.

 

Spain

 

Spain

 

219

 

(62)

 

391

 

172

Ecopetrol Singapore PTE. LTD

Singapore dollar

100

%  

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

Singapore

Asia

425,806

194,409

425,901

95

Ecopetrol Trading Asia PTE. LTD

Singapore dollar

100

%  

International marketing of crude oil and refined products

Singapore

Asia

425,201

194,394

3,909,793

3,484,592

Schedule of interests in associates and joint ventures

    

    

Ownership

    

    

    

Geographic

    

    

Profit (loss)

    

    

Functional

Interest

Country/

area of

for the

Total

Total

Company

Currency

Ecopetrol

Activity

Domicile

operations

Net equity

period

assets

liabilities

Associates

Serviport S.A. (2)

 

Colombian peso

 

49

%  

Services to support the loading and unloading of oil trucks, supply of equipment for the same purpose, technical inspections, and load measurements

 

Colombia

 

Colombia

 

17,230

 

(6,773)

 

38,707

 

21,477

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

 

Colombian peso

 

50

%  

Construction, use, maintenance, adaptation and administration of port facilities, ports, private docks, or service to the general public

 

Colombia

 

Colombia

 

7,065

 

(920)

 

9,084

 

2,019

Joint ventures

 

  

 

  

 

  

 

  

 

  

 

 

 

  

 

  

Equion Energía Limited

 

U.S. Dollar

 

51

%  

Hydrocarbons exploration and exploitation

 

United Kingdom

 

Colombia

 

1,456,602

 

28,149

 

1,534,068

 

77,466

Ecodiesel Colombia S.A. (3)

 

Colombian peso

 

50

%  

Production, commercialization and distribution of biofuels and oleochemicals

 

Colombia

 

Colombia

 

155,957

 

18,744

 

247,720

 

91,763

(1)Indirect participation through Inversiones de Gases de Colombia S.A. - Invercolsa S.A.
(2)Information available as of December 31, 2023, the investment is totally impaired.
(3)Information available as of June 30, 2024.