Ecopetrol S.A.’s Sales Volume (Mboed) (2018-2023)

This statistic highlights Ecopetrol S.A.’s Sales Volume (Mboed), split across Crude Oil, Natural Gas, and Products, reported on a quarterly basis from Q1 2018 onwards.

Ecopetrol S.A.’s Sales Volume (Mboed)

(All figures are in Mboed, except percentages)

The sales volume has been subject to various fluctuations, as seen in the table. In Q4 2022 compared to Q4 2021, the overall sales have decreased, representing a percentage decline of 12.5% on a year-on-year basis. However, production decreased from 771.9 mboed in Q3 2022 to 706.9 mboed in Q4 2022, a decline in the percentage of around 8.42% on a quarter-on-quarter basis.

In the above table, the symbol Mboed stands for certain measurements. Mboed represents thousands of barrels of oil equivalent per day (Sales).

Crude Oil

Crude oil has the highest contribution in Sales volume, which is 53.6%. The number of crude oil sales in Q4 2021 was 462.6 Mboed, and in Q4 2022, it was 378.6 Mboed, representing a decrease of 18.15% on a year-on-year basis. Sales volume of crude oil decreased from 419.8 mboed in Q3 2022 to 378.6 mboed in Q4 2022, representing a decline of 9.82% on a quarter-on-quarter basis.

Natural Gas

Natural gas accounts for 22.9% of total sales volume. In Q4 2021, natural gas sales totaled 158.7 Mboed; in Q4 2022, they reached 161.6 mboed, an increase of around 2% on an annual basis. Sales of natural gas increased from 159.9 mboed in Q3 2022 to 161.6 mboed in Q4 2022, reflecting a marginal gain of 1.06% on a quarter-on-quarter basis.

Products

Products have a contribution of 23.6% in sales volume. The number of Product sales in Q4 2021 was 186.6 Mboed, and in Q4 2022, it was 166.7 Mboed, representing a decrease of 10.66% on a year-on-year basis. Sales volume of Products decreased from 192.2 mboed in Q3 2022 to 166.7 mboed in Q4 2022, representing a decline of 13.26% on a quarter-on-quarter basis.

About Ecopetrol S.A.

The largest company in Colombia and one of the most important integrated energy companies in Latin America is Ecopetrol S.A. The majority of its operations are in Colombia, but it also has operations in the United States (in the Permian Basin and Gulf of Mexico), Brazil, Mexico, Peru, Chile, and Bolivia. It has control over more than 60% of Colombia’s hydrocarbon production, transportation, logistical, and refining networks. Additionally, it has a monopoly in the gas distribution and petrochemicals sectors. It controls a monopoly in the toll highway, telecommunications, and electric power transmission sectors in Latin America through ISA. The Nation now owns 88.49% of the company’s voting capital stock. It is placed 296th among the biggest public firms in the Forbes 2022 Global 2000 Ranking.

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