v3.26.1
Business segment information (Details) - COP ($)
$ in Billions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Business segment information      
Sales $ 119,694 $ 133,330 $ 143,189
Costs (82,057) (86,481) (88,178)
Gross profit 37,637 46,849 55,011
Administration expenses (5,024) (5,103) (5,026)
Operation and projects expenses (5,321) (5,648) (5,702)
Impairment (loss) reversal of non-current assets 23 867 (2,098)
Other operating (expenses) income net (636) 1,497 (426)
Operating income 26,679 38,462 41,759
Financial results      
Financial income 2,094 1,748 2,321
Financial cost registered to projects (10,781) (10,319) (10,384)
Foreign exchange (loss) gain 159 52 2,398
Financial results (8,528) (8,519) (5,665)
Share of profits of associates and joint ventures 710 764 805
Profit before income tax expense 18,861 30,707 36,899
Income tax expense (4,417) (12,208) (11,516)
Net profit for the year 14,444 18,499 25,383
Net profit (loss) for the year attributable to:      
Owners of parent 10,488 13,841 21,061
Non-controlling interest 3,956 4,658 4,322
Net profit for the year 14,444 18,499 25,383
Supplementary information      
Depreciation, depletion and amortization 16,107 15,197 13,812
Third party sales      
Business segment information      
Sales 119,694 133,330 143,191
Inter-segment sales      
Business segment information      
Sales     (2)
Operating segments | Exploration and Production      
Business segment information      
Sales 71,052 81,088 81,515
Costs (53,950) (54,864) (51,828)
Gross profit 17,102 26,224 29,687
Administration expenses (2,584) (2,665) (2,605)
Operation and projects expenses (3,222) (3,843) (4,102)
Impairment (loss) reversal of non-current assets (325) (480) (2,741)
Other operating (expenses) income net (150) 1,583 (148)
Operating income 10,821 20,819 20,091
Financial results      
Financial income 1,552 1,121 1,473
Financial cost registered to projects (5,281) (5,037) (4,873)
Foreign exchange (loss) gain (77) (30) 2,009
Financial results (3,806) (3,946) (1,391)
Share of profits of associates and joint ventures 21 30 27
Profit before income tax expense 7,036 16,903 18,727
Income tax expense (1,785) (7,826) (8,611)
Net profit for the year 5,251 9,077 10,116
Net profit (loss) for the year attributable to:      
Owners of parent 5,338 9,163 10,207
Non-controlling interest (87) (86) (91)
Net profit for the year 5,251 9,077 10,116
Supplementary information      
Depreciation, depletion and amortization 11,149 10,477 8,658
Operating segments | Exploration and Production | Third party sales      
Business segment information      
Sales 44,828 52,560 52,430
Operating segments | Exploration and Production | Inter-segment sales      
Business segment information      
Sales 26,224 28,528 29,085
Operating segments | Refining and Petrochemicals      
Business segment information      
Sales 64,699 69,220 82,148
Costs (62,805) (67,718) (75,716)
Gross profit 1,894 1,502 6,432
Administration expenses (857) (959) (962)
Operation and projects expenses (1,722) (1,457) (1,393)
Impairment (loss) reversal of non-current assets   1,266 1,483
Other operating (expenses) income net (126) 22 (104)
Operating income (811) 374 5,456
Financial results      
Financial income 113 167 197
Financial cost registered to projects (1,529) (1,679) (1,748)
Foreign exchange (loss) gain 381 (177) 658
Financial results (1,035) (1,689) (893)
Share of profits of associates and joint ventures 194 194 252
Profit before income tax expense (1,652) (1,121) 4,815
Income tax expense 1,431 (89) 753
Net profit for the year (221) (1,210) 5,568
Net profit (loss) for the year attributable to:      
Owners of parent (419) (1,408) 5,354
Non-controlling interest 198 198 214
Net profit for the year (221) (1,210) 5,568
Supplementary information      
Depreciation, depletion and amortization 2,149 2,071 2,184
Operating segments | Refining and Petrochemicals | Third party sales      
Business segment information      
Sales 56,195 62,251 73,617
Operating segments | Refining and Petrochemicals | Inter-segment sales      
Business segment information      
Sales 8,504 6,969 8,531
Operating segments | Transportation and Logistics      
Business segment information      
Sales 15,337 15,134 15,509
Costs (4,322) (4,378) (4,380)
Gross profit 11,015 10,756 11,129
Administration expenses (680) (718) (621)
Operation and projects expenses (561) (553) (427)
Impairment (loss) reversal of non-current assets 346 127 (630)
Other operating (expenses) income net 15 (18) 35
Operating income 10,135 9,594 9,486
Financial results      
Financial income 184 240 432
Financial cost registered to projects (345) (326) (349)
Foreign exchange (loss) gain (194) 299 (273)
Financial results (355) 213 (190)
Profit before income tax expense 9,780 9,807 9,296
Income tax expense (3,368) (3,486) (3,129)
Net profit for the year 6,412 6,321 6,167
Net profit (loss) for the year attributable to:      
Owners of parent 5,118 5,111 4,830
Non-controlling interest 1,294 1,210 1,337
Net profit for the year 6,412 6,321 6,167
Supplementary information      
Depreciation, depletion and amortization 1,361 1,321 1,487
Operating segments | Transportation and Logistics | Third party sales      
Business segment information      
Sales 2,642 2,716 2,979
Operating segments | Transportation and Logistics | Inter-segment sales      
Business segment information      
Sales 12,695 12,418 12,530
Operating segments | Energy Transmission and Toll Roads Concessions      
Business segment information      
Sales     14,168
Costs     (5,929)
Gross profit     8,239
Administration expenses     (1,183)
Impairment (loss) reversal of non-current assets     (210)
Other operating (expenses) income net     (201)
Operating income     6,645
Financial results      
Financial income     871
Financial cost registered to projects     (3,984)
Foreign exchange (loss) gain     4
Financial results     (3,109)
Share of profits of associates and joint ventures     529
Profit before income tax expense     4,065
Income tax expense     (529)
Net profit for the year     3,536
Net profit (loss) for the year attributable to:      
Owners of parent     674
Non-controlling interest     2,862
Net profit for the year     3,536
Supplementary information      
Depreciation, depletion and amortization     1,483
Operating segments | Energy Transmission and Toll Roads Concessions | Third party sales      
Business segment information      
Sales     14,165
Operating segments | Energy Transmission and Toll Roads Concessions | Inter-segment sales      
Business segment information      
Sales     3
Operating segments | Concessions, electricity transport and roads      
Business segment information      
Sales 16,033 15,806  
Costs (7,892) (6,952)  
Gross profit 8,141 8,854  
Administration expenses (1,287) (1,151)  
Impairment (loss) reversal of non-current assets 2 (46)  
Other operating (expenses) income net (364) (2)  
Operating income 6,492 7,655  
Financial results      
Financial income 706 721  
Financial cost registered to projects (4,046) (3,767)  
Foreign exchange (loss) gain 49 (40)  
Financial results (3,291) (3,086)  
Share of profits of associates and joint ventures 495 540  
Profit before income tax expense 3,696 5,109  
Income tax expense (695) (807)  
Net profit for the year 3,001 4,302  
Net profit (loss) for the year attributable to:      
Owners of parent 449 966  
Non-controlling interest 2,552 3,336  
Net profit for the year 3,001 4,302  
Supplementary information      
Depreciation, depletion and amortization 1,448 1,328  
Operating segments | Concessions, electricity transport and roads | Third party sales      
Business segment information      
Sales 16,029 15,803  
Operating segments | Concessions, electricity transport and roads | Inter-segment sales      
Business segment information      
Sales 4 3  
Inter-segments      
Business segment information      
Sales (47,427) (47,918) (50,151)
Costs 46,912 47,431 49,675
Gross profit (515) (487) (476)
Administration expenses 384 390 345
Operation and projects expenses 184 205 220
Other operating (expenses) income net (11) (88) (8)
Operating income 42 20 81
Financial results      
Financial income (461) (501) (652)
Financial cost registered to projects 420 490 570
Financial results (41) (11) (82)
Share of profits of associates and joint ventures     (3)
Profit before income tax expense 1 9 (4)
Net profit for the year 1 9 (4)
Net profit (loss) for the year attributable to:      
Owners of parent 2 9 (4)
Non-controlling interest (1)    
Net profit for the year 1 9 (4)
Inter-segments | Inter-segment sales      
Business segment information      
Sales $ (47,427) $ (47,918) $ (50,151)