Andres Duarte's questions to Ecopetrol SA (EC) leadership • Q2 2025
Question
Andres Duarte from Corficolombiana inquired about the drivers behind the recent peak production levels and the outlook for the remainder of the year. He also requested a breakdown of the financial transfers to the Colombian nation, specifically dividends, royalties, and taxes for 2024 and the forecast for 2025.
Answer
Juan Carlos Ortado, acting VP of Hydrocarbons, attributed the production peak to accelerated activity and better-than-expected well performance in the Permian Basin, forecasting an average of 90,000-190,000 barrels per day for the year. An executive detailed that transfers to the nation in 2024 totaled COP 40.4 trillion (COP 20T in taxes, COP 11T in dividends, COP 9T+ in royalties). For 2025, the company expects to transfer between COP 35-40 trillion, with about COP 6 trillion in income tax already paid as of June.