Our

history


Our strategy has allowed us to be resilient through full price cycles

Our strategy is to maintain our long-dated track record of stable production and cash generation, while sustainably growing free cash flow over time by developing efficiently
our significant base of reserves and resources. We leverage on our structurally advantaged assets due to scale, high-quality oil and low transportation costs.

In December 2020, we became a standalone independent company, by acquiring the onshore assets and operations of Occidental Petroleum Corporation in Colombia.

19

blocks

11 producing 8 exploratory

94%

high-quality oil

25°–35° API low sulfur

116

mmboe

2P reserves

44

kboed

Share Before Royalties ("SBR") production

0.6x

net leverage

B+B1

Fitch

Moody’s

Stable outlook

0.6

TRIR

50%

reduction of net carbon emissions

by end of 2023

Results for year-end 2022