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v3.25.1

Natural and environmental resources (Details) - COP ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023
Natural and environmental resources |  |
Beginning Balance | $ 45,216,133 |
Ending Balance | 47,665,794 | $ 45,216,133
Cost | Oil and gas investments |  |
Natural and environmental resources |  |
Beginning Balance | 94,175,842 | 88,338,471
Additions/capitalizations | 9,101,220 | 11,899,832
CPO-09 asset acquisition | 424,451 |
Abandonment cost update (Note 23) |  | 0
Disposals | (117,146) | (503,017)
Write off exploratory assets and dry wells (3) |  | 0
Capitalized financial interests | 344,925 | 256,382
Exchange differences capitalized | 1,653 | 1,158
Fair value adjustment in business combination | 207,570 |
Field reversal | 15,764 |
Foreign currency translation | 4,507,413 | (6,179,993)
Transfers/reclassifications | 193,836 | 363,009
Ending Balance | 108,855,528 | 94,175,842
Cost | Assets retirement obligations |  |
Natural and environmental resources |  |
Beginning Balance | 10,146,543 | 7,104,903
Additions/capitalizations | 23,475 | 3,197
Abandonment cost update (Note 23) | (2,084,907) | 3,262,348
Disposals |  | 0
Write off exploratory assets and dry wells (3) |  | 0
Capitalized financial interests |  | 0
Exchange differences capitalized |  | 0
Field reversal | 2,295 |
Foreign currency translation | 156,821 | (220,433)
Transfers/reclassifications | 4,469 | (3,472)
Ending Balance | 8,248,696 | 10,146,543
Cost | Exploration and evaluation |  |
Natural and environmental resources |  |
Beginning Balance | 9,718,731 | 10,480,025
Additions/capitalizations | 1,416,141 | 2,061,406
CPO-09 asset acquisition | 325,772 |
Abandonment cost update (Note 23) | (3,313) | (67,112)
Disposals |  | 0
Write off exploratory assets and dry wells (3) | (1,108,134) | (1,472,397)
Capitalized financial interests | 36,186 | 89,952
Exchange differences capitalized | 173 | 404
Fair value adjustment in business combination | 88,205 |
Foreign currency translation | 54,759 | (875,454)
Transfers/reclassifications | (476,634) | (498,093)
Ending Balance | 10,051,886 | 9,718,731
Accumulated depreciation and impairment losses | Oil and gas investments |  |
Natural and environmental resources |  |
Beginning Balance | (63,009,839) | (58,382,473)
Depletion expense | (7,083,306) | (6,098,607)
Loss of impairment (Note 18) | (254,073) | (1,898,824)
Disposals | 91,270 | 79,824
Foreign currency translation | (2,431,237) | 3,249,017
Transfers/reclassifications | (242,912) | 41,224
Ending Balance | (72,930,097) | (63,009,839)
Accumulated depreciation and impairment losses | Assets retirement obligations |  |
Natural and environmental resources |  |
Beginning Balance | (5,478,111) | (5,088,086)
Depletion expense | (874,349) | (507,651)
Loss of impairment (Note 18) |  | 0
Disposals |  | 0
Foreign currency translation | (79,882) | 117,626
Transfers/reclassifications | (11,879) | 0
Ending Balance | (6,444,221) | (5,478,111)
Accumulated depreciation and impairment losses | Exploration and evaluation |  |
Natural and environmental resources |  |
Beginning Balance | (337,033) | (129,230)
Depletion expense |  | 0
Loss of impairment (Note 18) | (78,895) | (254,708)
Disposals |  | 0
Foreign currency translation |  | 0
Transfers/reclassifications | 299,930 | 46,905
Ending Balance | (115,998) | (337,033)
Natural and environmental resources |  |
Natural and environmental resources |  |
Beginning Balance | 45,216,133 | 42,323,610
Ending Balance | 47,665,794 | 45,216,133
Natural and environmental resources | Oil and gas investments |  |
Natural and environmental resources |  |
Beginning Balance | 31,166,003 | 29,955,998
Ending Balance | 35,925,431 | 31,166,003
Natural and environmental resources | Assets retirement obligations |  |
Natural and environmental resources |  |
Beginning Balance | 4,668,432 | 2,016,817
Ending Balance | 1,804,475 | 4,668,432
Natural and environmental resources | Exploration and evaluation |  |
Natural and environmental resources |  |
Beginning Balance | 9,381,698 | 10,350,795
Ending Balance | 9,935,888 | 9,381,698
Natural and environmental resources | Cost |  |
Natural and environmental resources |  |
Beginning Balance | 114,041,116 | 105,923,399
Additions/capitalizations | 10,540,836 | 13,964,435
CPO-09 asset acquisition | 750,223 |
Abandonment cost update (Note 23) | (2,088,220) | 3,195,236
Disposals | (117,146) | (503,017)
Write off exploratory assets and dry wells (3) | (1,108,134) | (1,472,397)
Capitalized financial interests | 381,111 | 346,334
Exchange differences capitalized | 1,826 | 1,562
Fair value adjustment in business combination | 295,775 |
Field reversal | 18,059 |
Foreign currency translation | 4,718,993 | (7,275,880)
Transfers/reclassifications | (278,329) | (138,556)
Ending Balance | 127,156,110 | 114,041,116
Natural and environmental resources | Accumulated depreciation and impairment losses |  |
Natural and environmental resources |  |
Beginning Balance | (68,824,983) | (63,599,789)
Depletion expense | (7,957,655) | (6,606,258)
Loss of impairment (Note 18) | (332,968) | (2,153,532)
Disposals | 91,270 | 79,824
Foreign currency translation | (2,511,119) | 3,366,643
Transfers/reclassifications | 45,139 | 88,129
Ending Balance | $ (79,490,316) | $ (68,824,983)

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