Ecopetrol (EC) Revenue & Revenue Breakdown

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Ecopetrol Revenue Highlights

Latest Revenue (Y)

$143.08T

Latest Revenue (Q)

$31.30T

Main Segment (Y)

Crude oil

Main Geography (Y)

Colombia Country

Ecopetrol Revenue by Period

Ecopetrol Revenue by Year

Date	Revenue	Change
2023-12-31	$143.08T	-10.28%
2022-12-31	$159.47T	73.82%
2021-12-31	$91.74T	83.39%
2020-12-31	$50.03T	-29.39%
2019-12-31	$70.85T	4.46%
2018-12-31	$67.82T	22.84%
2017-12-31	$55.21T	15.67%
2016-12-31	$47.73T	-8.37%
2015-12-31	$52.09T	-24.42%
2014-12-31	$68.93T	-2.13%
2013-12-31	$70.43T	2.29%
2012-12-31	$68.85T	4.71%
2011-12-31	$65.75T	56.67%
2010-12-31	$41.97T	38.03%
2009-12-31	$30.40T	-10.30%
2008-12-31	$33.90T	51.78%
2007-12-31	$22.33T	21.44%
2006-12-31	$18.39T	18.55%
2005-12-31	$15.51T	-

Ecopetrol generated $143.08T in revenue during NA 2023, up -10.28% compared to the previous quarter, and up 210.97% compared to the same period a year ago.

Ecopetrol Revenue by Quarter

Date	Revenue	Change
2024-03-31	$31.30T	-1.51%
2023-12-31	$31.78T	-9.53%
2023-09-30	$35.13T	1.81%
2023-06-30	$34.51T	-11.19%
2023-03-31	$38.85T	-2.08%
2022-12-31	$39.68T	-8.87%
2022-09-30	$43.54T	-0.78%
2022-06-30	$43.88T	35.14%
2022-03-31	$32.47T	2.24%
2021-12-31	$31.76T	36.12%
2021-09-30	$23.33T	20.00%
2021-06-30	$19.44T	13.01%
2021-03-31	$17.21T	21.25%
2020-12-31	$14.19T	15.15%
2020-09-30	$12.32T	45.97%
2020-06-30	$8.44T	-43.99%
2020-03-31	$15.07T	-18.88%
2019-12-31	$18.58T	3.15%
2019-09-30	$18.01T	-1.61%
2019-06-30	$18.31T	14.84%
2019-03-31	$15.94T	-12.95%
2018-12-31	$18.31T	2.45%
2018-09-30	$17.88T	5.23%
2018-06-30	$16.99T	16.02%
2018-03-31	$14.64T	-4.69%
2017-12-31	$15.36T	15.29%
2017-09-30	$13.32T	1.32%
2017-06-30	$13.15T	-1.65%
2017-03-31	$13.37T	0.44%
2016-12-31	$13.31T	9.28%
2016-09-30	$12.18T	3.68%
2016-06-30	$11.75T	12.08%
2016-03-31	$10.48T	-17.94%
2015-12-31	$12.78T	-1.74%
2015-09-30	$13.00T	-7.18%
2015-06-30	$14.01T	13.89%
2015-03-31	$12.30T	-17.01%
2014-12-31	$14.82T	-18.07%
2014-09-30	$18.09T	1.93%
2014-06-30	$17.75T	-2.81%
2014-03-31	$18.26T	1.68%
2013-12-31	$17.96T	-0.92%
2013-09-30	$18.13T	3.02%
2013-06-30	$17.60T	5.08%
2013-03-31	$16.75T	-5.70%
2012-12-31	$17.76T	7.26%
2012-09-30	$16.56T	0.29%
2012-06-30	$16.51T	-8.13%
2012-03-31	$17.97T	-4.67%
2011-12-31	$18.85T	15.69%
2011-09-30	$16.29T	13.25%
2011-06-30	$14.39T	-
2011-03-31	$14.39T	23.56%
2010-12-31	$11.64T	17.71%
2010-09-30	$9.89T	-3.15%
2010-06-30	$10.21T	-0.03%
2010-03-31	$10.22T	7.92%
2009-12-31	$9.47T	6.36%
2009-09-30	$8.90T	22.34%
2009-06-30	$7.28T	38.86%
2009-03-31	$5.24T	-27.83%
2008-12-31	$7.26T	-27.22%
2008-09-30	$9.98T	20.08%
2008-06-30	$8.31T	10.31%
2008-03-31	$7.53T	-

Ecopetrol generated $31.30T in revenue during Q1 2024, up -1.51% compared to the previous quarter, and up 78.89% compared to the same period a year ago.

Ecopetrol Revenue Breakdown

Ecopetrol Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Crude oil	$49.56T	$375.79B	$34.87T	-	-
Other income - Gas contracts	$30.00M	$1.94B	-	-	-
Other products	-	$679.18B	-	-	-
Polyethylene	-	$302.63B	-	-	-
Fuel oil	-	$9.21B	-	-	-
Gasolines	-	$157.69B	-	-	-
Fuel gas services	-	-	$734.67B	-	-
Other Product	-	-	-	$580.41B	-
Fuel Gas Services	-	-	-	$671.57B	-
Asphalts	-	-	-	$526.10B	-
Other Income Gas Contracts	-	-	-	-	$102.84B

Ecopetrol's latest annual revenue breakdown by segment (product or service), as of Dec 23: Crude oil (100.00%), and Other income - Gas contracts (0.00%).

Quarterly Revenue by Product

Product/Service	Dec 22	Sep 22	Jun 21
Crude oil	$161.20B	$214.59B	-
Crude	-	-	$14.38T
Other Product	-	-	$266.85B
Fuel Gas Services	-	-	$346.31B
Asphalts	-	-	$279.85B
Cash Flow Hedging	-	-	$124.43B

Ecopetrol's latest quarterly revenue breakdown by segment (product or service), as of Dec 22: Crude oil (100.00%).

Ecopetrol Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Europe continent	$2.75T	$2.84T	$1.45T	-	-
Colombia Country	$71.75T	$83.65T	$44.82T	$24.69T	$34.31T
Central America And Caribbean	$2.64T	$9.84T	$3.50T	$2.58T	$3.47T
Asia continent	$28.84T	$22.55T	$20.36T	-	-
United States Of America Country	$24.99T	$27.12T	$16.03T	$11.37T	$17.37T
South America And Others	$12.22T	$13.61T	$5.73T	$1.30T	$1.50T
Asia Continent	-	-	-	$9.50T	$13.53T
Europe Continent	-	-	-	$794.95B	$1.31T

Ecopetrol's latest annual revenue breakdown by geography, as of Dec 23: Colombia Country (50.10%), Asia continent (20.14%), United States Of America Country (17.45%), South America And Others (8.54%), Europe continent (1.92%), and Central America And Caribbean (1.84%).

Quarterly Revenue by Country

Country	Dec 22	Sep 22	Jun 21
Crude oil	$161.20B	$214.59B	-
Other Product	-	-	$266.85B
Crude	-	-	$14.38T
Fuel Gas Services	-	-	$346.31B
Asphalts	-	-	$279.85B
Cash Flow Hedging	-	-	$124.43B

Ecopetrol's latest quarterly revenue breakdown by geography, as of Dec 22: Crude oil (100.00%).

Ecopetrol Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
EC	Ecopetrol	$143.08T	$31.30T
TGS	Transportadora de Gas del Sur	$1.24T	$194.58B
SHEL	Shell	$301.01B	$70.83B
TTE	TotalEnergies SE	$218.94B	$51.88B
BP	BP p.l.c.	$210.13B	$48.88B
EQNR	Equinor ASA	$106.85B	$25.09B
PBR	Petróleo Brasileiro S.A. - Petrobras	$102.50B	$23.77B
E	Eni S.p.A.	$93.72B	$22.94B
CVE	Cenovus Energy	$52.20B	$13.40B
YPF	YPF Sociedad Anónima	$17.00B	$4.31B
NFG	National Fuel Gas Company	$2.17B	$417.44M

EC Revenue FAQ

What is Ecopetrol’s yearly revenue?

Ecopetrol's yearly revenue for 2023 was $143.08T, representing a decrease of -10.28% compared to 2022. The company's yearly revenue for 2022 was $159.47T, representing an increase of 73.82% compared to 2021. EC's yearly revenue for 2021 was $91.74T, representing an increase of 83.39% compared to 2020.

What is Ecopetrol’s quarterly revenue?

Ecopetrol's quarterly revenue for Q1 2024 was $31.3T, a -1.51% decrease from the previous quarter (Q4 2023), and a -19.44% decrease year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $31.78T, a -9.53% decrease from the previous quarter (Q3 2023), and a -19.90% decrease year-over-year (Q4 2022). EC's quarterly revenue for Q3 2023 was $35.13T, a 1.81% increase from the previous quarter (Q2 2023), and a -19.32% decrease year-over-year (Q3 2022).

What is Ecopetrol’s revenue growth rate?

Ecopetrol's revenue growth rate for the last 3 years (2021-2023) was 55.95%, and for the last 5 years (2019-2023) was 101.95%.

What are Ecopetrol’s revenue streams?

Ecopetrol's revenue streams in c 23 are Crude oil, and Other income - Gas contracts. Crude oil generated $49.56T in revenue, accounting 100.00% of the company's total revenue, up 13088.18% year-over-year. Other income - Gas contracts generated $30M in revenue, accounting 0.00% of the company's total revenue, down -98.45% year-over-year.

What is Ecopetrol’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Ecopetrol was Crude oil. This segment made a revenue of $49.56T, representing 100.00% of the company's total revenue.