Page 1

MATERIAL INFORMATION 2021 First Quarter Results STRONG RECOVERY FROM THE RECENT GLOBAL CRISIS Financial results COP Tn 735 15.1 BRENT USD / BL BASKET PRICE USD / BL 35 % 5.3 1Q 2020 678 51 40 0.1 Production ( mboed ) 681 694 Energy efficiency Demand reduction of 3 % ( 25MW ) by 2020 vs 2017 8.4 24 % 2.0 2Q 2020 000 2030 Target CO₂e EMISSIONS REDUCTION by 25 % vs 2019 Scope 1 and 2 676 33 20 1Q 3Q 4Q 2Q 2020 2020 2020 2020 1Q 2021 mboed : Thousand barrels of oil equivalent per day Zero routine flaring by 2030 0.0 New decarbonization commitments 12.3 NET - ZERO EMISSIONS Scope 1 and 2 ● Revenues ● EBITDA Renewable energy 400 MW by 2023 43 % 3Q 2020 5.3 43 38 P HO 2050 Target 0.9 1136 14.2 927 31 % 4.3 Midstream ( mbd ) Net income 4Q 2020 45 41 H2 Hydrogen initiatives 979 0.7 1Q 2Q 3Q 4Q 2020 2020 2020 2020 1027 First electrolysis pilot in 2022 -O - EBITDA Margin 17.2 1007 mbd : Thousand barrels per day 1Q 2021 Action lines and technology 48 % CO₂e EMMISIONS REDUCTION by 50 % vs 2019 Scope 1,2 and 3 8.2 ย 1Q 2021 61 58 3.1 Compensation At least 30 % of the 2030 reduction plan via Natural Climate Solutions . CONTACT INFORMATION : investors@ecopetrol.com.co if BASELINE EBITDA / EBITDA Margin 1Q2021 COP Tn Production Midstream 2019 345 255 li Downstream 0.7 6.7 % Downstream HH Throughput ( mbd ) ● EBITDA O Margin 2.2 77.9 % 324 Dividend distribution of $ 17 COP per share equivalent to a dividend payment of 41.41 % of 2020 net income years Emerging technologies tracking Carbon Capture , Usage and Storage . Energy storage in batteries 355 5.3 40.4 % 1Q 2Q 3Q 4Q 2020 2020 2020 2020 mbd : Thousand barrels per day CO₂ TYPE OF REDUCTION Absolute 360 1Q 2021 GEOGRAPHIC SCOPE Colombia CH4 Methane emissions detection and reduction