YPF achieved an increase in its production, exports, and advances in key projects

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.

From a financial standpoint, the company reported an Adjusted EBITDA of 1.245 billion dollars, 48% higher than the previous quarter. Without the negative impact of mature fields, EBITDA would have risen to 1.351 billion dollars, further reflecting the strength of its core operations.

YPF's Project Advances

YPF is also advancing with its main strategic projects. Within the framework of the Andes Project, 11 of the 50 contemplated blocks have already been transferred, with 23 in the final phase and 16 in progress. In April, a key understanding was signed with the province of Santa Cruz to advance the transfer of 10 blocks operated by the company.

At the infrastructure level, construction began on the VMOS export pipeline, with a planned capacity of 550 thousand barrels per day for the second half of 2027 and an estimated investment of 3 billion dollars.

Additionally, the Argentina LNG megaproject took a key step with the approval of the investment for its first floating liquefaction plant (FLNG Hilli Episeyo), which is expected to start operations in 2027. YPF holds a 25% stake in Southern Energy, the company responsible for the development, and has already signed an MoU with the Italian company Eni for a future third plant.

With these advances, YPF not only strengthens its position in the local and international energy market but also positions itself as a key player in the strategic development of Argentina's hydrocarbon resources.