Ecopetrol (EC) Revenue & Revenue Breakdown
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.