The strategic plan projects export revenues of USD 8 billion in three years
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The energy company Vista Energy, founded and led by Miguel Galuccio, announced an ambitious investment plan of more than USD 4.5 billion with the goal of increasing its production by 60% and reaching 180,000 barrels of oil per day in 2028.
With this expansion, the company seeks to establish itself as the leading independent crude oil producer and the largest oil exporter in the country, supporting the growth of Vaca Muerta as a strategic driver of Argentina's energy development.
Trabajadores de Vista Energy.
The company has already invested more than USD 6 billion in the country since 2018 and, with this new disbursement, its accumulated investment will exceed USD 10 billion by 2028. According to its estimates, export revenues could reach USD 8 billion over the next three years.
During the presentation of the plan, Galuccio stated that Vista is entering a new stage of expansion that will take the company "to a higher level," supported by an agile, efficient structure and a high-performance culture. In a global context of rising energy demand, he emphasized that producers with low costs and high productivity, such as Vista, will be the ones to make a difference.
The announcement was made during Investor Day held in Buenos Aires, which brought together representatives from major international financial institutions, including Goldman Sachs, JP Morgan, Citi, Bank of America, Santander, and UBS. The company presented its "Vision 2030," which projects an annual free cash flow of USD 1.5 billion by the end of the decade, with a Brent price of USD 70 per barrel. That level of generation will allow it to sustain its growth, strengthen its financial structure, and maintain long-term investment capacity without resorting to excessive debt.
Since the presentation of its first strategic plan in 2021, Vista has tripled its production and quadrupled its adjusted EBITDA, which increased from USD 380 million to USD 1.6 billion in 2025. In addition, the value of its share grew at a compound annual rate of 73%, placing it among the best-performing exploration and production companies globally.
Miguel Galuccio, fundador de vista.
Galuccio highlighted that, in just seven years, Vista has become a benchmark for efficiency and profitability in the Americas. He stated that the company "has the assets, the team, and the culture necessary to continue creating value for its shareholders, for Vaca Muerta, and for Argentina."
The new expansion cycle consolidates Vista Energy as a central player in the recovery of Argentina's energy sector, a key sector in the Government's strategy to expand exports, attract investment, and strengthen the trade balance.
