 It was ranked 303 in 2012 by CNN Money.The company belongs to the group of 25 largest petroleum companies in the world, and it is one of the four principal petroleum companies in Latin America.The company arose from the assets reverted from the "Mares Concession", awarded by President Rafael Reyes to the Tropical Oil Company, which began operating in 1921 with the Infantas 2 well and the subsequent start of production of the field Cira-Infantas in the Middle Magdalena Valley (VMM).