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)
|