v3.26.1
Inventories (Tables)
12 Months Ended
Dec. 31, 2025
Inventories  
Schedule of inventories

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2025

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2024

Crude oil (1)

 

3,311

 

3,936

Fuels and petrochemicals

 

2,040

 

2,783

Materials for goods production (2)

 

3,258

 

3,309

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8,609

 

10,028

(1)

As of December 31, 2025, the crude oil inventory includes 478,225 barrels (2024: 0 barrels) of crude oil in transit by Ecopetrol US Trading. Revenue associated with these barrels is not recognized until the performance obligation with client (delivery at the point defined in the contract) is satisfied.

(2)

Materials for goods production include spare parts, supplies and raw materials. Materials for goods production recognized as part of the cost of sales during 2025 were $2,879 (process materials for $1,994 and materials and operating supplies for $885) and 2024 were $2,410 (process materials for $1,559 and materials and operating supplies for $851) (Note 26).

Schedule of changes of the allowances for losses

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2025

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2024

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2023

Opening balance

 

335

 

190

 

129

Additions

 

(77)

 

155

 

23

Foreign currency translation

 

(16)

 

22

 

(6)

Other

 

(52)

 

(32)

 

44

Closing balance

 

190

 

335

 

190

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