v3.26.1
Revenue from contracts with customers (Tables)
12 Months Ended
Dec. 31, 2025
Revenue from contracts with customers  
Schedule of detailed information of revenue from contracts with customers

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  ​ ​ ​

Year ended December 31

​

​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

National sales

 

  ​

 

  ​

 

  ​

Mid–distillates (1)

 

26,792

​

28,672

​

32,606

Gasoline and turbo fuels (1)

 

16,044

​

17,804

​

23,129

Natural gas

 

3,439

​

4,096

​

4,358

Services

 

3,301

​

3,877

​

3,233

Energy transmission services (2)

 

3,266

​

3,226

​

2,770

Fuel gas service

 

1,363

​

1,083

​

989

Asphalts

 

912

​

794

​

938

Plastic and rubber

 

872

​

920

​

1,225

LPG and propane

 

512

​

631

​

762

Roads and construction services (2)

​

368

​

330

​

350

Polyethylene

 

304

​

329

​

314

Aromatics

​

160

​

247

​

298

Fuel oil

 

23

​

21

​

36

Crude oil

 

—

​

—

​

128

Other products

​

682

​

626

​

608

​

 

58,038

​

62,656

​

71,744

Foreign sales

 

​

 

​

 

​

Crude oil

​

40,324

​

48,805

​

49,560

Roads and construction services (2)

​

6,402

​

5,465

​

4,761

Energy transmission services (2)

​

5,269

​

6,134

​

5,667

Fuel oil

​

3,491

​

3,920

​

4,029

Plastic and rubber

​

1,229

​

1,231

​

1,394

Diesel

​

696

​

1,203

​

4,097

LPG and propane

​

501

​

347

​

302

Cash flow hedges (3)

​

412

​

(345)

​

(468)

Natural gas

​

102

​

46

​

105

Gasoline and turbo fuels

​

70

​

360

​

193

Other products

​

3,160

​

3,508

​

1,805

​

 

61,656

​

70,674

​

71,445

​

 

119,694

​

133,330

​

143,189

(1)Includes the compensation received from the application of Decree 180522 of March 29, 2010, and other standards that modify and add (Decree 1880 of 2014 and Decree 1068 of 2015), which establishes the mechanisms of settlement between importers of ordinary motor gasoline and diesel and the Fuel Price Stabilization Fund (FEPC, for its acronym in Spanish), and the methodology for calculating the net position, which can be positive or negative, as described on Note 4.17. As of December 31, 2025, the value recognized by price differential corresponds to $2,929 (2024: $7,525; 2023: $20,531). The balance of the trade receivable for this concept is detailed in Note 7.
(2)It corresponds to the revenue related to the energy transmission contracts and toll roads concessions of Interconexión Eléctrica S.A. E.S.P.
(3)Includes the result of hedging for future exports (Note 30.3) for $150 (2024: ($239)); (2023: ($480)) and operations with derivative financial instruments for $262 (2024: $(106); (2023: $11).
Schedule of sales by geographic areas

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Year ended December 31

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2025

  ​ ​ ​

%  

  ​ ​ ​

2024

  ​ ​ ​

%  

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2023

  ​ ​ ​

%

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Colombia

 

58,038

 

48.5

%  

62,656

 

47.0

%  

71,745

 

50.1

%

United States

 

27,379

 

22.9

%  

27,094

 

20.3

%  

24,992

 

17.5

%

China

​

7,708

​

6.4

%

8,387

​

6.3

%

13,944

​

9.7

%

Brazil

​

6,977

​

5.8

%

6,919

​

5.2

%

5,444

​

3.8

%

India

​

6,025

​

5.0

%

8,900

​

6.7

%

6,377

​

4.5

%

Singapore and other Asian countries

​

5,925

​

5.0

%

7,009

​

5.3

%

8,520

​

6.0

%

Peru

​

2,359

​

2.0

%

2,330

​

1.7

%

2,864

​

2.0

%

Chile

 

2,208

 

1.8

%  

2,396

 

1.8

%  

2,322

 

1.6

%

Other South America countries

 

1,961

 

1.6

%  

4,564

 

3.4

%  

1,594

 

1.1

%

Central America and the Caribbean

 

691

 

0.6

%  

412

 

0.3

%  

2,637

 

1.8

%

Europe

 

423

 

0.4

%  

2,663

 

2.0

%  

2,750

 

1.9

%

​

 

119,694

 

100.0

%  

133,330

 

100.0

%  

143,189

 

100.0

%