State oil company YPF held its Investor Day this Friday, April 11, at the New York Stock Exchange, where its CEO and president, Horacio Marín, presented the new strategic plan for the next five years to shareholders.
The event, which will culminate with the traditional bell ringing, marks a milestone in the company's new phase, with a focus on unconventional production.
Shift toward shale and exit from mature fields
During the presentation, Marín explained that YPF is undergoing a deep conversion process: it has progressively abandoned mature fields in different regions of the country and concentrated its resources on the development of shale oil and shale gas in Vaca Muerta, one of the most promising unconventional formations globally.
This repositioning, which takes place under the framework of the so-called Plan Andes, aims to consolidate the company's reserves and production over the next two decades, focusing on resilience against international price changes.
YPF presentó su plan estratégico en Wall Street y confirmó su apuesta por Vaca Muerta
"Today we compete solidly with the Permian in the United States", Marín assured in his presentation to investors.
A company ready to withstand low crude prices
In recent statements to Argentine media, the head of YPF also referred to the drop in oil prices due to the global tariff war and clarified that the company is already prepared to operate with a barrel at less than 40 dollars.
"I've seen the barrel at 8 dollars, at minus 36. Today YPF can withstand barrels at less than 40. At 45 dollars, Vaca Muerta is completely profitable", Marín explained.
The executive pointed out that the company's break-even price is already below the current value of crude, allowing continued investment without losses, although with narrower margins. "We have become a resilient company," he stated.
YPF presentó su plan estratégico en Wall Street y confirmó su apuesta por Vaca Muerta
Vaca Muerta as the axis of growth
YPF's commitment is clear: future investments will be directed almost exclusively to unconventional development. The goal is to maximize the potential of Vaca Muerta and position the company as a competitive player on an international scale.
With this roadmap, Marín seeks to attract new investments and reinforce market confidence in the national energy project, in a challenging and changing global context.
