Investor Presentaiton
Summary
1
Value and
sustainable growth
2
4
Track record of
performance
ESG and societal
values
Decisive response to
COVID-19 and oil
price environment
5
Sustaining strategic
investment
■ Reserves and
production growth
✓ Existing fields
✓ Exploration in
Colombia
✓ International
✓ Unconventional
■ Strict capital discipline
■ Cash protection and
cost efficiency
■ 759 Mmboe* of
reserves have been
added from 2017 to
2019
■ Reserves replacement
>100% in the same
period
Strong financial
performance amid
price volatility
■ Delivered COP 3.55
Tn in efficiencies from
2015 to 2019
■ Major ESG
investments,
dividends, and taxes
■ Decarbonization plan,
renewable energy
expansion and water
recycling initiatives
(UN SDGs)
■ Short, mid and long-
term goals in terms of
GHG emissions
reductions and gas
flaring usage
High corporate
governance standards
■ COP 3.5 Tn in costs
and expenses
optimization
US$ 3.1 Bn in
financing to strengthen
cash position
■ New investment plan
target of US$ 2.5-3.0
Bn for 2020
▪ > US$ 130 Mm in
Revenue optimization
from Commercial
Strategy
■ EOR
Domestic gas
Digital transformation
▪ Renewable energy
sources
■ Unconventional pilot
projects (PPIR)
*
Gross addition
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