Ecopetrol 2025 Reserves Jump to 1.944B Boe, Production Hits 745,000 bpd
Year-end 2025 1P reserves reached 1,944 million barrels of oil equivalent, boosted by 301.4 million barrels from enhanced recovery and 19 million barrels from operational optimization. Ecopetrol delivered its second-highest net profit in history while maintaining 745,000 barrels per day production, 417,000 bpd refining throughput and a $4.6-per-barrel crude differential, up $2 year-over-year.
1. Reserves Growth
By year-end 2025, 1P reserves stood at 1,944 million barrels of oil equivalent, with 301.4 million barrels from enhanced recovery—the largest in company history—and 19 million barrels via operational optimization. The company also incorporated reserves tied to gas royalty securitization under Colombian regulations.
2. Production and Refining
Average production reached 745,000 barrels per day, transportation volumes exceeded 1.1 million barrels per day, and refining throughput climbed to 417,000 barrels per day. Efficiency programs and fixed-rate time charter contracts on key shipping routes helped mitigate freight cost volatility.
3. Financial Performance
Ecopetrol posted its second-highest net profit on record and sustained its EBITDA margin despite a roughly 15% drop in crude prices during 2025. Improved market diversification and basket optimization drove a $4.6-per-barrel crude differential, a $2 improvement over 2024.
4. 2026 Outlook
Management set an upstream breakeven of $40 per barrel for 2026 and plans to drill 38–40 wells in its Permian-related program, with activity levels dependent on price trends. The company is also evaluating additional time charter contracts to secure freight costs for Asian exports.