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v3.25.1

Property, plant, and equipment (Details) - COP ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023
Property, plant, and equipment |  |
Beginning Balance | $ 95,171,302 | $ 100,997,498
Ending Balance | 107,454,558 | 95,171,302
Cost |  |
Property, plant, and equipment |  |
Beginning Balance | 153,841,023 | 160,336,163
Additions/capitalizations | 9,521,041 | 9,349,885
CPO-09 asset acquisition | 1,239,472 |
Abandonment cost update | (8,707) | 270,104
Capitalized financial interests | 428,449 | 297,630
Exchange differences capitalized | 2,227 | 1,585
Disposals | (1,384,312) | (1,020,288)
Fair value adjustment in business combination | 1,435,537 |
Field reversal | 15,058 |
Foreign currency translation | 8,866,586 | (15,243,622)
Reclassifications/transfers | (1,012,227) | (150,434)
Ending Balance | 172,944,147 | 153,841,023
Accumulated depreciation and impairment losses |  |
Property, plant, and equipment |  |
Beginning Balance | (58,669,721) | (59,338,665)
Depreciation expense | (6,067,546) | (6,016,115)
Recovery (loss) impairment | 1,261,659 | 205,780
Disposals | 1,196,766 | 920,150
Foreign currency translation | (3,276,843) | 5,622,078
Reclassifications/transfers | 66,096 | (62,949)
Ending Balance | (65,489,589) | (58,669,721)
Plant and equipment |  |
Property, plant, and equipment |  |
Beginning Balance | 29,916,027 | 35,293,773
Ending Balance | 35,009,601 | 29,916,027
Plant and equipment | Cost |  |
Property, plant, and equipment |  |
Beginning Balance | 54,897,509 | 62,807,662
Additions/capitalizations | 2,998,597 | 2,592,249
CPO-09 asset acquisition | 715,573 |
Abandonment cost update | (10,565) | 55,694
Capitalized financial interests | 253,457 | 101,125
Exchange differences capitalized | 1,215 | 457
Disposals | (917,845) | (653,972)
Fair value adjustment in business combination | 1,011,253 |
Field reversal | 4,726 |
Foreign currency translation | 4,509,197 | (7,966,666)
Reclassifications/transfers | (279,096) | (2,039,040)
Ending Balance | 63,184,021 | 54,897,509
Plant and equipment | Accumulated depreciation and impairment losses |  |
Property, plant, and equipment |  |
Beginning Balance | (24,981,482) | (27,513,889)
Depreciation expense | (2,820,925) | (2,916,507)
Recovery (loss) impairment | 807,549 | 765,513
Disposals | 833,625 | 625,848
Foreign currency translation | (1,722,232) | 3,039,353
Reclassifications/transfers | (290,955) | 1,018,200
Ending Balance | (28,174,420) | (24,981,482)
Pipelines, networks and lines |  |
Property, plant, and equipment |  |
Beginning Balance | 35,096,170 | 37,417,260
Ending Balance | 37,451,908 | 35,096,170
Pipelines, networks and lines | Cost |  |
Property, plant, and equipment |  |
Beginning Balance | 58,584,853 | 60,287,768
Additions/capitalizations | 2,427,231 | 2,257,397
CPO-09 asset acquisition | 0 |
Abandonment cost update | 1,858 | 221,944
Capitalized financial interests | 96,580 | 80,720
Exchange differences capitalized | 463 | 365
Disposals | (276,179) | (266,862)
Fair value adjustment in business combination | 0 |
Field reversal | 5,617 |
Foreign currency translation | 2,639,095 | (4,448,755)
Reclassifications/transfers | 21,569 | 452,276
Ending Balance | 63,501,087 | 58,584,853
Pipelines, networks and lines | Accumulated depreciation and impairment losses |  |
Property, plant, and equipment |  |
Beginning Balance | (23,488,683) | (22,870,508)
Depreciation expense | (2,353,808) | (2,319,289)
Recovery (loss) impairment | 299,451 | (212,245)
Disposals | 224,039 | 228,151
Foreign currency translation | (1,045,849) | 1,722,919
Reclassifications/transfers | 315,671 | (37,711)
Ending Balance | (26,049,179) | (23,488,683)
Work in progress |  |
Property, plant, and equipment |  |
Beginning Balance | 13,832,228 | 12,044,281
Ending Balance | 16,644,219 | 13,832,228
Work in progress | Cost |  |
Property, plant, and equipment |  |
Beginning Balance | 15,519,986 | 13,462,321
Additions/capitalizations | 3,120,613 | 3,510,753
CPO-09 asset acquisition | 275,432 |
Abandonment cost update | 0 | 0
Capitalized financial interests | 36,695 | 92,816
Exchange differences capitalized | 348 | 659
Disposals | (12,522) | (15,128)
Fair value adjustment in business combination | 74,575 |
Field reversal | 0 |
Foreign currency translation | 184,020 | (226,974)
Reclassifications/transfers | (895,632) | (1,304,461)
Ending Balance | 18,303,515 | 15,519,986
Work in progress | Accumulated depreciation and impairment losses |  |
Property, plant, and equipment |  |
Beginning Balance | (1,687,758) | (1,418,040)
Depreciation expense | 0 | 0
Recovery (loss) impairment | (138,139) | (360,367)
Disposals | 0 | 0
Foreign currency translation | (65) | 5,207
Reclassifications/transfers | 166,666 | 85,442
Ending Balance | (1,659,296) | (1,687,758)
Buildings |  |
Property, plant, and equipment |  |
Beginning Balance | 9,521,689 | 9,123,911
Ending Balance | 11,390,939 | 9,521,689
Buildings | Cost |  |
Property, plant, and equipment |  |
Beginning Balance | 16,668,026 | 15,354,065
Additions/capitalizations | 892,401 | 552,852
CPO-09 asset acquisition | 248,467 |
Abandonment cost update | 0 | (7,505)
Capitalized financial interests | 41,015 | 12,930
Exchange differences capitalized | 197 | 58
Disposals | (70,846) | (13,398)
Fair value adjustment in business combination | 349,709 |
Field reversal | 4,668 |
Foreign currency translation | 1,099,990 | (1,844,094)
Reclassifications/transfers | 296,130 | 2,613,118
Ending Balance | 19,529,757 | 16,668,026
Buildings | Accumulated depreciation and impairment losses |  |
Property, plant, and equipment |  |
Beginning Balance | (7,146,337) | (6,230,154)
Depreciation expense | (734,220) | (626,962)
Recovery (loss) impairment | 275,235 | 136,123
Disposals | 51,365 | 12,898
Foreign currency translation | (411,176) | 678,512
Reclassifications/transfers | (173,685) | (1,116,754)
Ending Balance | (8,138,818) | (7,146,337)
Lands |  |
Property, plant, and equipment |  |
Beginning Balance | 4,664,551 | 5,145,555
Ending Balance | 4,968,790 | 4,664,551
Lands | Cost |  |
Property, plant, and equipment |  |
Beginning Balance | 4,832,650 | 5,199,069
Additions/capitalizations | 12,043 | 15,489
CPO-09 asset acquisition | 0 |
Abandonment cost update | 0 | 0
Capitalized financial interests | 596 | 137
Exchange differences capitalized | 3 | 1
Disposals | (2,043) | (498)
Fair value adjustment in business combination | 0 |
Field reversal | 0 |
Foreign currency translation | 291,441 | (479,724)
Reclassifications/transfers | 1,387 | 98,176
Ending Balance | 5,136,077 | 4,832,650
Lands | Accumulated depreciation and impairment losses |  |
Property, plant, and equipment |  |
Beginning Balance | (168,099) | (53,514)
Depreciation expense | 0 | 0
Recovery (loss) impairment | 14,547 | (132,149)
Disposals | 3,305 | 155
Foreign currency translation | (14,821) | 17,409
Reclassifications/transfers | (2,219) | 0
Ending Balance | (167,287) | (168,099)
Other |  |
Property, plant, and equipment |  |
Beginning Balance | 2,140,637 | 1,972,718
Ending Balance | 1,989,101 | 2,140,637
Other | Cost |  |
Property, plant, and equipment |  |
Beginning Balance | 3,337,999 | 3,225,278
Additions/capitalizations | 70,156 | 421,145
CPO-09 asset acquisition | 0 |
Abandonment cost update | 0 | (29)
Capitalized financial interests | 106 | 9,902
Exchange differences capitalized | 1 | 45
Disposals | (104,877) | (70,430)
Fair value adjustment in business combination | 0 |
Field reversal | 47 |
Foreign currency translation | 142,843 | (277,409)
Reclassifications/transfers | (156,585) | 29,497
Ending Balance | 3,289,690 | 3,337,999
Other | Accumulated depreciation and impairment losses |  |
Property, plant, and equipment |  |
Beginning Balance | (1,197,362) | (1,252,560)
Depreciation expense | (158,593) | (153,357)
Recovery (loss) impairment | 3,016 | 8,905
Disposals | 84,432 | 53,098
Foreign currency translation | (82,700) | 158,678
Reclassifications/transfers | 50,618 | (12,126)
Ending Balance | $ (1,300,589) | $ (1,197,362)

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