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Ecopetrol (Ecopetrol) Tax Rate % : 0.90% (As of Dec. 2023)


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What is Ecopetrol Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Ecopetrol's Tax Expense for the three months ended in Dec. 2023 was $10 Mil. Ecopetrol's Pre-Tax Income for the three months ended in Dec. 2023 was $1,081 Mil. Therefore, Ecopetrol's Tax Rate % for the quarter that ended in Dec. 2023 was 0.90%.

Ecopetrol Tax Rate % Historical Data

The historical data trend for Ecopetrol's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ecopetrol Tax Rate % Chart

Ecopetrol Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.92 42.68 33.28 35.01 31.21

Ecopetrol Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.82 26.39 44.54 46.99 0.90

Ecopetrol Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Ecopetrol's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=2875.138/9212.461
=31.21 %

Ecopetrol's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2023 )/Pre-Tax Income (Q: Dec. 2023 )
=9.738/1080.97
=0.90 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ecopetrol Tax Rate % Related Terms

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Ecopetrol (Ecopetrol) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ecopetrol SA (NYSE:EC) » Definitions » Tax Rate %
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Traded in Other Exchanges
ECHA:Germany ECHA:Germany ECOPETROL:Columbia E1CO34:Brazil
Address
Carrera 13 No. 36 - 24, Main Building, Bogota, COL
Website
https://www.ecopetrol.com.co
Ecopetrol SA is a vertically integrated oil company with operations in Latin America and the United States Gulf Coast. Based out of Colombia, the company explores, develops, and conducts production activities in various countries. Ecopetrol works as the primary operator or partner in a joint venture, in a host of assets held onshore and offshore. Along with production, the company refines and markets crude oils and byproducts produced from its fields. Crude products are moved by Ecopetrol through a series of pipelines throughout Colombia, along with a network of third-party production centers and facilities.