During the first quarter of 2025, YPF demonstrated a solid operational and financial performance, consolidating its leadership in unconventional oil production. The company achieved a 31% year-on-year growth in shale oil production, reaching an average of 147 thousand barrels per day.
This volume also represents a 7% increase compared to the last quarter of 2024. Thus, shale oil now accounts for 55% of YPF's total crude production, compared to 51% in the fourth quarter of 2024 and 44% in the first quarter of last year.
This increase in production had a direct impact on oil exports, which grew 34% year-on-year, reaching an average of 36 thousand barrels per day. The export boost was made possible by the sustained development of unconventional production, particularly in the Vaca Muerta formation.
In terms of investment, YPF allocated 1.214 billion dollars during the quarter, of which 75% was assigned to projects related to unconventional production, marking a significant jump from the 65% recorded in the previous quarter.
Additionally, modernization works continue at the La Plata and Luján de Cuyo refineries, essential for improving the efficiency and processing capacity of the refining system.
