Ecopetrol S.A.’s Revenue Breakdown Worldwide (2016-2022)

This statistic highlights Ecopetrol S.A.’s Revenue Breakdown Worldwide, split across Export and Local segments, reported quarterly from Q1 2016 onwards.

Ecopetrol S.A.’s Revenue Breakdown Worldwide

(All figures are in billions, except percentages)

The Revenue has been subject to various fluctuations, as seen in the table. In Q4 2022 compared to Q4 2021, the overall revenue increased, representing a rise of 24.93% on a year-on-year basis. However, revenue decreased from $65.97 billion in Q3 2022 to $39.68 billion in Q4 2022, a decline of a huge percentage of around 39.85% on a quarter-on-quarter basis.

Export:

The company’s crude oil and natural gas export sales are traded both in the spot and contract markets, primarily to refiners and large industries in Asia and the United States. The company places its exports in markets that provide the best value for its crude oil and natural gas.

When compared to Q3 2022, export revenue fell substantially in Q4 2022, falling by 55.55% on a quarterly basis. Export revenue was $16.12 billion in Q4 2021 and $16.99 billion in Q4 2022, showing a 5.4% year-on-year growth. In Q4 2022, it has a contribution of 42.8% in revenue.

Local:

Local has the highest contribution of 57.2% in revenue breakdown. The revenue in Q4 2021 was $15.64 billion, while in Q4 2022, it was $22.69 billion, an increase of 45.07% on a year-on-year basis. Revenue from local decreased from $27.76 billion in Q3 2022 to $22.69 billion in Q4 2022, representing a decline of 18.26% on a quarter-on-quarter basis.

About Ecopetrol S.A.

Ecopetrol S.A. is the biggest firm in Colombia and one of the most significant integrated energy businesses in Latin America. It operates mostly in Colombia but also has operations in the U.S. (U.S. Gulf of Mexico and Permian Basin), Brazil, Mexico, Peru, Chile, and Bolivia. More than 60% of Colombia’s hydrocarbon production, transportation, logistics, and refining systems are under its control. It also holds a dominant position in the petrochemicals and gas distribution industries. Through ISA, it holds a dominant position in Latin America’s toll highways, telecommunications, and electric power transmission industries. 88.49% of the voting capital stock of the company is currently held by The Nation. On the Forbes 2022 Global 2000 Ranking, it is ranked 296th among the largest public corporations in the world, and the largest Colombian company in this list.

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