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OTHER ITEMS OF THE STATEMENT OF COMPREHENSIVE INCOME (Tables)
 12 Months Ended
Dec. 31, 2024
Other Items Of Statement Of Comprehensive Income  
Schedule of selling expenses
             
      12.31.2024   12.31.2023   12.31.2022
Salaries and social security charges     5   5   5
Employees benefits     1   1   1
Fees and compensation for services     3   3   4
Taxes, rates and contributions     15   13   14
Transportation and freights     49   43   40
Other     1   1   1
Total selling expenses     74   66   65
Schedule of exploration expenses
             
      12.31.2024   12.31.2023   12.31.2022
Salaries and social security charges     64   58   50
Employees benefits     11   10   8
Defined benefit plans     19   18   9
Fees and compensation for services     39   29   30
Compensation agreements     61   37   19
Directors' and Sindycs' fees      6   7   7
Property, plant and equipment depreciation     8   7   6
Maintenance     3   2   2
Transport and per diem     2   2   2
Rental and insurance     3   1   1
Surveillance and security     2   1   1
Taxes, rates and contributions     14   8   6
Communications     1   1   1
Other     6   4   -
Total administrative expenses     239   185   142

 

10.3 Exploration expenses

 

             
      12.31.2024   12.31.2023   12.31.2022
Geological and geophysical expenses     1   -   -
Derecognition of unproductive wells      20   7   -
Total exploration expenses     21   7   -
Schedule of exploration expenses
             
      12.31.2024   12.31.2023   12.31.2022
Geological and geophysical expenses     1   -   -
Derecognition of unproductive wells      20   7   -
Total exploration expenses     21   7   -
Schedule of other operating income and expenses
             
  Note   12.31.2024   12.31.2023   12.31.2022
Other operating income              
Insurance recovery     7   1   -
Services provided to third parties     -   1   1
Results for property, plant and equipment sale     11   1   2
Result from intangible assets sale     -   -   2
Recovery of provision for contingencies     30   -   -
Expenses recovery     -   8   -
Commercial interests     50   70   27
Contractual indemnity     -   7   -
GasAr Plan     44   55   56
Compensation for arbitration award     -   -   37
Export Increase Program     19   24   -
Fair value of consortiums' previous interest      -   7   -
Other     14   3   6
Total other operating income     175   177   131
               
Other operating expenses              
Provision for contingencies     (36)   (8)   (4)
Provision for environmental remediation     (3)   (4)   -
Results for property, plant and equipment sale and derecognition     -   (2)   -
Tax on bank transactions      (19)   (18)   (14)
PAIS import tax     (3)   (5)   -
Donations and contributions     (3)   (3)   (2)
Institutional promotion     (2)   (4)   (3)
Costs of concessions agreements completion     (6)   (5)   -
Contractual penalty     -   (7)   -
Readjustment of investment plan     -   -   (9)
Royalties GasAr Plan     (6)   (8)   (8)
Ecuador's transactional agreement      -   (5)   -
Impairment of other receivables     -   (5)   -
Other contractual expenses     -   (6)   -
Other     (10)   (8)   (6)
Total other operating expenses     (88)   (88)   (46)
Schedule of financial assets
             
      12.31.2024   12.31.2023   12.31.2022
Financial income              
Financial interests      9   2   1
Other interests     23   3   4
Total financial income     32   5   5
               
Financial costs              
Financial interests (1)     (145)   (304)   (172)
Commercial interests     (1)   (1)   (1)
Fiscal interests     (28)   (47)   (38)
Other interests     (6)   (4)   (5)
Bank and other financial expenses     (5)   (8)   (5)
Total financial costs   (185)   (364)   (221)
               
Other financial results              
Foreign currency exchange difference, net     (11)   123   80
Changes in the fair value of financial instruments     239   444   110
Result from present value measurement     (7)   (10)   (14)
Result from repurchase and exchange of CB     (10)   1   (8)
Other financial results     -   -   (2)
Total other financial results     211   558   166
               
Total financial results, net     58   199   (50)

(1)Net of US$ 8 million, US$ 21 million and US$ 11 million capitalized in property, plant and equipment for the years ended December 31, 2024, 2023 and 2022, respectively.
Schedule of income tax benefit expense
             
      12.31.2024   12.31.2023   12.31.2022
Current tax      280   19   99
Deferred tax      (405)   272   46
Difference between previous fiscal year income tax provision and the income tax statement     4   27   (21)
Total income tax - (Profit) Loss      (121)   318   124

 

Below is a reconciliation between income tax expense and the amount resulting from application of the tax rate on the income before taxes:

 

               
      12.31.2024   12.31.2023   12.31.2022
Profit before income tax     498   623   581
Current income tax rate     35%   35%   35%
Income tax at the statutory tax rate     174   218   203
Share of profit from companies     (52)   1   (37)
Non-taxable results     (4)   (17)   (3)
Effects of exchange differences and other results associated with the valuation of the currency, net     136   752   275
Effects of valuation of property, plant and equipment, intangible assets and financial assets     (737)   (1,146)   (575)
Difference between previous fiscal year income tax provision and deferred tax and the income tax statement     18   3   2
Effect for tax inflation adjustment     346   501   253
Non-deductible cost     (2)   9   4
(Recovery of impairment) Impairment of deferred assets     -   (3)   2
Total income tax - (Profit) Loss      (121)   318   124