• Ecopetrol S.A average pre-tax profit margin for 2023 was 31.41%, a 1.42% decline from 2022.
• Ecopetrol S.A average pre-tax profit margin for 2022 was 30.97%, a 87.47% increase from 2021.
• Ecopetrol S.A average pre-tax profit margin for 2021 was 16.52%, a 24.74% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.