RATIOSEXXONCHEVRONTOTALECOPETROLPETROCHINA201420132012201420132012201420132012201420132012201420132012razn de corrienteactivos circulantes0.8190.8271.0051.3231.5221.6291.4531.3721.0631.2141.3190.9840.6750.6680.683pasivos circulantesPrueba Acidaactivos circulantes inventarios - gastos pagados por anticipados0.5610.6020.7781.1191.3291.4491.1701.0140.7081.0661.1550.8630.3890.3160.311pasivos circulantePrueba Defensivacaja y bancos + valores comerciales0.0720.0680.1550.4000.4920.6120.4690.3280.0000.3900.3980.3410.1270.0800.076Pasivo circulanteRazn de efectivoEfectivo0.0720.0680.1550.4000.4920.6120.4690.3280.0000.3900.3980.3410.1270.0800.076pasivos corrientesPromedio de ventas (Medidas de intervalo)act. Cte.(costo de venta anuales/72.37676.04177.893106.340115.120124.515186.054191.982153.905200.521251.470206.06496.102107.385101.608365)Endeudamiento del activototal pasivo0.5010.4980.5030.4170.4120.4140.2340.2580.3140.5180.4630.4310.5110.5160.509total activoDeuda no corriente a patrimoniopasivo no corriente0.6330.5810.6260.5100.4800.4560.9500.7710.7160.7770.5490.4000.4930.4980.498total patrimoniocobertura de interesutilidad antes de intereses e impuestosgastos por interesesperiodo de cobranzas36525.94128.75328.28430.46835.84733.23627.03537.50139.48822.04932.15127.97110.54112.67012.376rotacin de cuentas x cobrarrotacin de cxcventas14.07112.69412.90511.98010.18210.98213.5019.7339.24316.55411.35313.04934.62728.80829.493cuentas x cobrarperiodo de cuentas por pagar36564.51771.69273.09070.84774.78676.16897.328111.713107.274133.077162.498171.458100.863112.810109.550rotacin de cuentas x pagarrotacion de cxpcosto de ventas5.6575.0914.9945.1524.8814.7923.7503.2673.4022.7432.2462.1293.6193.2363.332cuentas x pagarrotacin del capital de trabajoventas2.2602.4192.7221.2931.4761.6892.3472.2743.1831.0060.9901.0631.9411.9942.063capital de trabajo netorotacin del activo fijoventas1.3291.4641.6760.8961.0821.3011.3961.4741.7120.5870.6830.7571.1331.1821.236activo fijo netorotacion del activo totalventas1.1281.2131.3530.7540.8680.9900.9230.9531.1400.4850.5320.6050.9490.9641.012activo total promediomargen brutoutilidad bruta0.3230.3240.3310.2770.2760.2920.2780.2940.3040.3460.3960.4110.3490.3510.357ventas netasmargen netoutilidad neta0.1770.1760.2180.2270.2290.2570.0200.0510.0590.1090.1860.2150.0520.0630.059ventas netasrentabilidad sobre activos (ROA)utilidad neta0.1990.2140.2950.1710.1990.2540.0180.0480.0670.0530.0990.1300.0490.0610.060total activosrentabilidad sobre patrimonio (ROE)utilidad neta0.3990.4260.5940.2940.3380.4340.0470.1150.1470.1100.1840.2280.0900.1260.123total patrimoniomargen utilidad operativautilidad operativa0.0860.0960.1100.0980.1240.1520.0500.1040.1220.2410.3100.3390.0740.0840.079ventas netasmargen utilidad antes de impuestosutilidad antes de impuestos0.0970.1040.1410.1560.1630.2010.0480.1000.1200.2240.3110.3240.0790.0890.084ventas netasrendimiento de las utilidadesutilidades por accionprecio del mercado por accinprecio a valor en libresprecio del mercado por accinvalor en libros por accin

BG EXXONEXXON / USAPeriodo Finalizado201420132012ActivosActivos CorrientesEfecivo y equivalente de efectivo4,658,000,0001.33278778124,913,000,0009,923,000,000200Cuentas por cobrar netas28,009,000,0008.014180541533,152,000,00034,987,000,000Inventario16,678,000,0004.772055520416,135,000,00014,542,000,000Otro Acivo Corriente3,565,000,0001.02004904255,108,000,0005,008,000,000Total Activo Corriente52,910,000,00015.139072885659,308,000,00064,460,000,000Inversion a largo plazo35,239,000,00010.082891502836,328,000,00034,718,000,000200.00Instalaciones, maquinarias y equipo252,668,000,00072.295582458243,650,000,000226,949,000,000Activos intangibles---Otros Activos8,676,000,0002.48245315367,522,000,0007,668,000,000Total Activo No Corriente296,583,000,00084.8609271144287,500,000,000269,335,000,000Total Activos349,493,000,000100346,808,000,000100333,795,000,000100PasivosPasivos CorrientesCuentas por pagar47,165,000,00055,916,000,00060,486,000,000Porcion corrientes a largo plazo17,468,000,00015,808,000,0003,653,000,000Total Pasivo Corriente64,633,000,00071,724,000,00064,139,000,000Deuda largo plazo16,978,000,00011,633,000,00011,483,000,000Otros pasivos47,588,000,00042,426,000,00048,943,000,000Cargos diferidos a largo plazo39,230,000,00040,530,000,00037,570,000,000Interes Minoritario6,665,000,0006,492,000,0005,797,000,000Total Pasivo No Corriente110,461,000,000101,081,000,000103,793,000,000Pasivos Totales175,094,000,000172,805,000,000167,932,000,000Patrimonio NetoOpciones de accion---Acciones ordinarias10,792,000,00010,077,000,0009,653,000,000Ganacias Retenidas408,384,000,000387,432,000,000365,727,000,000Autocartera-225,820,000,000-212,781,000,000-197,333,000,000Otras participaciones de accionistas-18,957,000,000-10,725,000,000-12,184,000,000Total Patrimonio Neto174,399,000,000174,003,000,000165,863,000,000Total Pasivo y Patrimonio Neto349,493,000,000100346,808,000,000333,795,000,000

G&P EXXONEXXON / USACUADRO RESULTADOSDIFERENCIA ENTRE RESULTADOS ORIGINALES CON LAS FORMULASPeriod Ending201420132012Ventas394,105,000,000420,836,000,000451,509,000,000Costo de ventas266,831,000,000284,681,000,000302,056,000,000Utilidad Bruta127,274,000,000136,155,000,000149,453,000,000Gastos de explotacionInvestigacion y Desarrollo---Ventas Generales y administrativas74,226,000,00076,696,000,00081,844,000,000No periodicos1,669,000,0001,976,000,0001,840,000,000Otros17,297,000,00017,182,000,00015,888,000,000Total de gastos de funcionamiento---Ganancia/Perdida operativa34,082,000,00040,301,000,00049,881,000,000Ingresos por operaciones continuasOtros Ingresos/Gastos totales netos4,511,000,0003,492,000,00014,162,000,000Ganancias antes de intereses e impuestos38,593,000,00043,793,000,00064,043,000,000Gastos por intereses286,000,0009,000,000327,000,000Utilidad antes de impuestos38,307,000,00043,784,000,00063,716,000,000Gastos por impuesto sobre la renta13,407,450,00015,324,400,00022,300,600,000Interes minoritario1,095,000,000868,000,0002,801,000,000Ingresos Netos de Operaciones Continuas45,843,000,00046,507,000,00059,890,000,000Eventos no recurrentesOperaciones Discontinuadas---Partidas Extraodinarias---Efectos de los cambios de contabilidad---Otros elementos---Utilidad Neta69,647,550,00074,098,600,00098,504,400,000Acciones preferentes y otros ajustes---Utilidad Neta Aplicables a Acciones Ordinarias69,647,550,00074,098,600,00098,504,400,000

BG CHEVRONCHEVRON / USACUADRO RESULTADOSPeriod Ending201420132012DIFERENCIA ENTRE RESULTADOS ORIGINALES CON LAS FORMULASActivosActivos CorrientesEfecivo y equivalente de efectivo12,785,000,00016,245,000,00020,939,000,000Inversion a corto plazo422,000,000263,000,000266,000,000Cuentas por cobrar netas16,736,000,00021,622,000,00020,997,000,000Inventario6,505,000,0006,380,000,0006,144,000,000Otro Acivo Corriente5,784,000,0005,740,000,0007,374,000,000Total Activo Corriente42,232,000,00050,250,000,00055,720,000,000Inversin a largo plazo29,729,000,00028,335,000,00026,771,000,000Inmueble Planta y Equipo183,173,000,000165,409,000,000141,348,000,000Goodwill4,593,000,0004,639,000,0004,640,000,000Activos Intangibles---Amortizacin Acumulada---Otro Acivos---Cargos por Activos diferidos a largo plazo6,299,000,0005,120,000,0004,503,000,000Total Activo No Corriente223,794,000,000203,503,000,000177,262,000,000Total Activos266,026,000,000253,753,000,000232,982,000,000PasivosPasivos CorrientesCuentas por pagar28,136,000,00032,644,000,00034,085,000,000Porcion corrientes a largo plazo3,790,000,000374,000,000127,000,000Otros pasivos corriente---Total pasivo corriente31,926,000,00033,018,000,00034,212,000,000Deuda largo plazo24,028,000,00020,057,000,00012,065,000,000Otros pasivos8,412,000,0005,968,000,0009,699,000,000Cargos diferidos a largo plazo45,469,000,00044,283,000,00039,174,000,000Interes Minoritario1,163,000,0001,314,000,0001,308,000,000Goodwill negativo---Total pasivo no corriente79,072,000,00071,622,000,00062,246,000,000Pasivos Totales110,998,000,000104,640,000,00096,458,000,000Patrimonio NetoOpciones de accion---Acciones preferentes redimibles---Acciones preferentes---Acciones ordinarias1,832,000,0001,832,000,0001,832,000,000Ganacias Retenidas184,987,000,000173,677,000,000159,730,000,000Autocartera-42,733,000,000-38,290,000,000-33,884,000,000Superavit de capital16,041,000,00015,713,000,00015,497,000,000Otras participaciones de accionistas-5,099,000,000-3,819,000,000-6,651,000,000Total Patrimonio Neto155,028,000,000149,113,000,000136,524,000,000Total Pasivo y Patrimonio Neto266,026,000,000253,753,000,000232,982,000,000

G&P CHEVRONCHEVRON / USACUADRO RESULTADOSPeriod Ending201420132012DIFERENCIA ENTRE RESULTADOS ORIGINALES CON LAS FORMULASVentas200,494,000,000220,156,000,000230,590,000,000Costo de ventas144,956,000,000159,323,000,000163,336,000,000Utilidad Bruta55,538,000,00060,833,000,00067,254,000,000Gastos de explotacionInvestigacion y Desarrollo---Ventas Generales y administrativas17,034,000,00017,573,000,00017,100,000,000No periodicos1,985,000,0001,861,000,0001,728,000,000Otros16,793,000,00014,186,000,00013,413,000,000Total de gastos de funcionamiento---Ganancia/Perdida operativa19,726,000,00027,213,000,00035,013,000,000Ingresos por operaciones continuas7,098,000,0007,527,000,0006,889,000,000Otros Ingresos/Gastos totales netos4,378,000,0001,165,000,0004,430,000,000Utilidad antes de intereses e impuestos31,202,000,00035,905,000,00046,332,000,000Gastos por impuesto sobre la renta11,892,000,00014,308,000,00019,996,000,000Interes minoritario69,000,000174,000,000157,000,000Ingresos Netos de Operaciones Continuas26,339,000,00028,950,000,00033,068,000,000Eventos no recurrentesOperaciones Discontinuadas---Partidas Extraodinarias---Efectos de los cambios de contabilidad---Otros elementos---Utilidad Neta45,580,000,00050,373,000,00059,247,000,000Acciones preferentes y otros ajustes---Utilidades Netas Aplicables a Acciones Ordinarias45,580,000,00050,373,000,00059,247,000,000

BG TOTAL TOTAL / FRANCIAPeriod EndingDec 31, 2014Dec 31, 2013Dec 31, 2012ActivosActivos CorrientesEfecivo y equivalente de efectivo25,181,000,00020,200,000,00020,409,000Inversion a corto plazo---Cuentas por cobrar netas15,704,000,00023,422,000,00025,339,000,000Inventario15,196,000,00022,097,000,00022,954,000,000Otro Acivo Corriente21,896,000,00018,884,000,00020,378,000,000Total Activo Corriente77,977,000,00084,603,000,00068,691,409,000Inversion a largo plazo21,992,000,00023,501,000,00021,869,000,000Instalaciones, maquinarias y equipo106,876,000,000104,480,000,00091,477,000,000Goodwill---Activos intangibles14,682,000,00018,395,000,00016,965,000,000Amortizacion acumulada---Otros Activos4,192,000,0004,406,000,0003,513,000,000Cargos diferidos a largo plazo4,079,000,0003,838,000,0002,982,000,000Total Activo No Corriente151,821,000,000154,620,000,000136,806,000,000Total Activos229,798,000,000239,223,000,000205,497,409,000PasivosPasivos CorrientesCuentas por pagar40,791,000,00049,230,000,00047,879,000,000Porcion corrientes a largo plazo10,942,000,00011,193,000,00014,535,000,000Otros pasivos corriente1,940,000,0001,245,000,0002,192,000,000Total pasivo corriente53,673,000,00061,668,000,00064,606,000,000Deuda largo plazo45,481,000,00034,574,000,00029,392,000,000Otros pasivos22,303,000,00021,752,000,00020,224,000,000Cargos diferidos a largo plazo14,810,000,00017,850,000,00016,006,000,000Interes Minoritario3,201,000,0003,138,000,0001,689,000,000Total pasivo no corriente85,795,000,00077,314,000,00067,311,000,000Pasivos Totales139,468,000,000138,982,000,000131,917,000,000Patrimonio NetoOpciones de accion---Acciones preferentes redimibles---Acciones preferentes---Acciones ordinarias7,518,000,0007,493,000,0007,454,000,000Ganacias Retenidas94,646,000,00098,254,000,00092,485,000,000Autocartera4,354,000,0004,303,000,0004,274,000,000Superavit de capital---Otras participaciones de accionistas7,480,000,0001,203,000,0001,696,000,000Total Patrimonio Neto90,330,000,000100,241,000,00093,969,000,000Total Pasivo y Patrimonio Neto229,798,000,000239,223,000,000225,886,000,000

G&P TOTALTOTAL / FRANCIAPeriod EndingDec 31, 2014Dec 31, 2013Dec 31, 2012Ventas212,018,000,000227,969,000,000234,216,000,000Costo de ventas152,975,000,000160,849,000,000162,908,000,000Utilidad Bruta59,043,000,00067,120,000,00071,308,000,000Gastos de explotacion:Investigacion y Desarrollo1,964,000,0002,169,000,0001,857,000,000Ventas Generales y administrativas26,726,000,00029,274,000,00028,554,000,000No periodicos---Otros19,656,000,00011,994,000,00012,237,000,000Total de gastos de funcionamiento---Ganancia/Perdida operativa10,697,000,00023,683,000,00028,660,000,000Ingresos por operaciones continuasOtros Ingresos/Gastos totales netos253,000,00079,000,000204,000,000Ganancias antes de intereses e impuestos10,950,000,00023,762,000,00028,864,000,000Gastos por intereses748,000,000889,000,000863,000,000Utilidad antes de impuestos10,202,000,00022,873,000,00028,001,000,000Gastos por impuesto sobre la renta8,614,000,00014,767,000,00016,747,000,000Ingresos Netos de Operaciones Continuas4,250,000,00011,521,000,00013,836,000,000Eventos no recurrentesOperaciones Discontinuadas---Partidas Extraodinarias---Efectos de los cambios de contabilidad---Utilidad Neta4,250,000,00011,521,000,00013,836,000,000Acciones preferentes y otros ajustes---Utilidad Neta Aplicables a Acciones Ordinarias4,250,000,00011,521,000,00013,836,000,000

BG ECOPETROLECOPETROL SA / COLOMBIANA201420132012ActivosActivos CorrientesEfecivo y equivalente de efectivo3,345,000,0004,576,000,0004,494,000,000Inversion a corto plazo458,000,000975,000,000776,000,000Cuentas por cobrar netas1,752,000,0003,211,000,0002,986,000,000Inventario1,272,000,0001,877,000,0001,588,000,000Otro Acivo Corriente3,588,000,0004,536,000,0003,107,000,000Total Activo Corriente10,415,000,00015,175,000,00012,951,000,000Inversion a largo plazo1,037,000,000975,000,0003,574,000,000Instalaciones, maquinarias y equipo21,316,000,00020,782,000,00021,015,000,000Goodwill---Activos intangibles---Amortizacion acumulada---Otros Activos25,914,000,00030,126,000,00024,844,000,000Cargos diferidos a largo plazo1,146,000,0001,487,000,0002,064,000,000Total Activo No Corriente49,413,000,00053,370,000,00051,497,000,000Total Activos59,828,000,00068,545,000,00064,448,000,000PasivosPasivos CorrientesCuentas por pagar6,912,000,0009,806,000,00010,776,000,000Porcion corrientes a largo plazo---Otros pasivos corriente1,667,000,0001,703,000,0002,384,000,000Total pasivo corriente8,579,000,00011,509,000,00013,160,000,000Deuda largo plazo92,000,000306,000,000689,000,000Otros pasivos20,548,000,00017,550,000,00012,487,000,000Interes Minoritario1,766,000,0002,367,000,0001,473,000,000Total pasivo no corriente22,406,000,00020,223,000,00014,649,000,000Pasivos Totales30,985,000,00031,732,000,00027,809,000,000Patrimonio NetoOpciones de accion---Acciones preferentes redimibles---Acciones preferentes---Acciones ordinarias2,399,738,0003,062,675,0003,048,365,000Ganacias Retenidas28,785,314,00036,737,378,00036,565,722,000Autocartera---Superavit de capital---Otras participaciones de accionistas2,342,052,0002,989,053,0002,975,087,000Total Patrimonio Neto28,843,000,00036,811,000,00036,639,000,000Total Pasivo y Patrimonio59,828,000,00068,543,000,00064,448,000,000

G&P ECOPETROLECOPETROL SA / COLOMBIANA201420132012Ventas29,003,000,00036,454,000,00038,965,000,000Costo de ventas18,958,000,00022,026,000,00022,940,000,000Utilidad Bruta10,045,000,00014,428,000,00016,025,000,000Gastos de explotacionInvestigacion y Desarrollo---No periodicos---Otros Gastos3,059,000,0003,126,000,0002,815,000,000Total de gastos de funcionamiento---Ganancia/Perdida operativa6,986,000,00011,302,000,00013,210,000,000Ingresos por operaciones continuas23,000,000Otros Ingresos/Gastos totales netos-497,000,0001,000,000-572,000,000Utilidad antes de intereses e impuestos6,489,000,00011,326,000,00012,638,000,000Gastos por interesesUtilidad antes de impuestos6,489,000,00011,326,000,00012,638,000,000Gastos por impuesto sobre la renta3,002,000,0004,187,000,0004,037,000,000Interes minoritario-327,000,000-355,000,000-237,000,000Ingresos Netos de Operaciones Continuas3,160,000,0006,784,000,0008,364,000,000Eventos no recurrentesOperaciones Discontinuadas---Partidas Extraodinarias---Efectos de los cambios de contabilidad---Otros elementos---Utilidad Neta3,160,000,0006,784,000,0008,364,000,000Acciones preferentes y otros ajustes---Ingresos Netos Aplicables a Acciones Ordinarias3,160,000,0006,784,000,0008,364,000,000

BG PETROCHINAPETROCHINA / CHINAPeriod Ending201420132012ActivosActivos CorrientesEfecivo y equivalente de efectivo11,892,000,0008,492,000,0006,965,000,000Inversion a corto plazo---Cuentas por cobrar netas10,627,000,00012,948,000,00011,947,000,000Inventario26,753,000,00037,499,000,00034,367,000,000Otro Acivo Corriente13,802,000,00012,247,000,0009,768,000,000Total Activo Corriente63,074,000,00071,186,000,00063,047,000,000Inversion a largo plazo19,200,000,00019,548,000,00013,136,000,000Instalaciones, maquinarias y equipo281,704,000,000272,357,000,000251,976,000,000Goodwill---Activos intangibles10,149,000,00011,112,000,00010,120,000,000Amortizacion acumulada--Otros Activos11,186,000,00010,818,000,0009,609,000,000Cargos diferidos a largo plazo2,417,000,0001,854,000,000232,000,000Total Activo No Corriente324,656,000,000315,689,000,000285,073,000,000Total Activos387,730,000,000386,875,000,000348,120,000,000PasivosPasivos CorrientesCuentas por pagar66,199,000,00074,782,000,00067,975,000,000Porcion corrientes a largo plazo27,261,000,00031,842,000,00024,276,000,000Otros pasivos corriente---Total pasivo corriente93,460,000,000106,624,000,00092,251,000,000Deuda largo plazo59,687,000,00050,028,000,00047,152,000,000Otros pasivos19,610,000,00017,949,000,00015,624,000,000Cargos diferidos a largo plazo2,563,000,0002,505,000,0003,577,000,000Interes Minoritario22,870,000,00022,661,000,00018,737,000,000Goodwill negativo---Total pasivo no corriente104,730,000,00093,143,000,00085,090,000,000Pasivos Totales198,190,000,000199,767,000,000177,341,000,000Patrimonio NetoOpciones de accion---Acciones preferentes redimibles---Acciones preferentes---Acciones ordinarias29,500,00030,232,000,00029,376,000,000Ganacias Retenidas166,350,500,000110,556,000,00096,915,000,000Autocartera---Superavit de capital---Otras participaciones de accionistas46,030,000,00046,320,000,00044,488,000,000Total Patrimonio Neto212,410,000,000187,108,000,000170,779,000,000Total Pasivo y Patrimnonio Neto410,600,000,000386,875,000,000348,120,000,000

G&P PETROCHINAPETROCHINA / CHINAPeriod EndingDec 31, 2014Dec 31, 2013Dec 31, 2012Ventas367,982,000,000373,003,000,000352,358,000,000Costo de ventas239,559,000,000241,960,000,000226,480,000,000Utilidad Bruta128,423,000,000131,043,000,000125,878,000,000Gastos de explotacionInvestigacion y Desarrollo---Gasto de Ventas Generales y administrativas68,887,000,00068,719,000,00069,626,000,000No periodicos3,556,000,0004,179,000,0003,848,000,000Otros28,605,000,00026,985,000,00024,393,000,000Total de gastos de funcionamiento---Ganancia/Perdida operativa27,375,000,00031,160,000,00028,011,000,000Ingresos por operaciones continuas1,767,000,0001,690,000,0001,326,000,000Otros Ingresos/Gastos totales netos-116,000,000376,000,000352,000,000Ganancias antes de intereses e impuestos29,026,000,00033,226,000,00029,689,000,000Gastos por intereses3,759,000,0003,813,000,0002,915,000,000Ingresos antes de impuestos25,267,000,00029,413,000,00026,774,000,000Gastos por impuesto sobre la renta6,081,000,0005,912,000,0005,809,000,000Interes minoritario---Ingresos Netos de Operaciones Continuas19,186,000,00023,501,000,00020,965,000,000Eventos no recurrentesOperaciones Discontinuadas---Partidas Extraodinarias---Efectos de los cambios de contabilidad---Otros elementos---Utilidad Neta19,186,000,00023,501,000,00020,965,000,000Acciones preferentes y otros ajustes---Ingresos Netos Aplicables a Acciones Ordinarias19,186,000,00023,501,000,00020,965,000,000