Ecopetrol performs crude oil and natural gas exploration, production, refining, and transportation. The largest company in Colombia (where it accounts for 60% of national production and is one of the world's 40 largest oil companies), Ecopetrol has two large refineries (Barrancabermeja and Cartagena) strategically located to supply the domestic market and to export oil and oil products to the southern US. Ecopetrol explores for oil and gas across Colombia, and is expanding internationally through exploration partnerships in Brazil, Peru, and the US Gulf of Mexico. In 2013 the company reported proved reserves of more than 1.4 billion barrels of oil equivalent.
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| Cash Flow (mil) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Net Operating Cash | $8,036.41 | $6,516.07 | $4,922.35 |
| Net Investing Cash | -$2,910.43 | -$2,528.45 | -$1,271.29 |
| Net Financing Cash | -$4,979.4 | -$4,579.33 | -$3,701.6 |
| Net Change in Cash | $146.59 | -$591.71 | -$50.54 |
| Cash at Beginning of Period | $1,830.41 | $2,304.31 | $2,439.04 |
| Cash at End of Period | $2,051.97 | $1,830.41 | $2,304.31 |
| Capital Expenditure | -$4,053.95 | -$2,453.52 | -$1,730.01 |
| Assets (mil) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $2,051.97 | $1,830.41 | $2,304.31 |
| Accounts Receivable | $1,384.9 | $1,136.03 | $1,039.91 |
| Inventories | $1,640.85 | $1,479.12 | $1,334.4 |
| Other Current Assets | $1,697.98 | $3,393.32 | $2,056.35 |
| Asset Summary | |||
| TOTAL CURRENT ASSETS | $6,775.69 | $7,838.88 | $6,734.96 |
| Tangible Fixed Assets | $27,185.72 | $24,903.88 | $23,986.67 |
| Intangible Assets | $140.1 | $119.12 | $110.27 |
| Total Assets | $38,828.19 | $36,146.61 | $34,175.75 |
| Liabilities (mil) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $3,099.88 | $2,594.28 | $2,020.78 |
| Short-Term Debt | $1,453.53 | $1,165.78 | $1,491.91 |
| Other Current Liabilities | $1,751.86 | $1,409.08 | $1,372.83 |
| Liability Summary | |||
| Total Current Liabilities | $6,305.27 | $5,169.14 | $4,885.52 |
| Long-Term Debt | $9,635.82 | $9,872.39 | $11,136.97 |
| Other Long-Term Liabilities | $169.54 | $165.49 | $156 |
| Total Liabilities | $21,941.01 | $19,585.36 | $20,193.2 |
| Stakeholder's Equity (mil) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Equity | |||
| Common Stock | $7,261.62 | $7,261.62 | $7,261.62 |
| Retained Earnings | $3,577.06 | $2,891.44 | $1,510.99 |
| Equity Summary | |||
| Total Equity | $15,780 | $15,990 | $13,466.14 |
| Shares Outstanding | 41,116,694,690 | 41,116,694,690 | 41,116,694,690 |
