Andres Duarte's questions to ECOPETROL (EC) leadership • Q2 2025
Question
Andres Duarte of Corficolombiana inquired about the drivers behind Ecopetrol's peak production levels and the outlook for the remainder of the year. He also requested a breakdown of the financial transfers (dividends, royalties, taxes) made to the Colombian nation for the previous year and the forecast for the current year.
Answer
Juan Carlos Ortado, Acting VP of Hydrocarbons, attributed the production peak to accelerated activity and enhanced drill performance in the Permian Basin, projecting a year-end average of 90,000-190,000 barrels per day. An executive detailed the 2024 government transfers totaled approximately COP 40.4 trillion, with a 2025 forecast between COP 35-40 trillion, emphasizing the significant contribution from taxes.