Argentina’s state-owned oil and gas company YPF ended the first quarter of 2025 with a US$10 million loss, a US$667 million drop compared to the same period last year. The company’s mature fields partially explain this quarter’s losses. If they were excluded, the company would have earned US$428 million.The representatives of YPF spoke about strategy moving forward, which consisted of focusing almost exclusively on Vaca Muerta, a large host rock for major deposits of shale oil and shale gas in the southern provinces of Neuquén and Río Negro. YPF is also withdrawing from conventional oil fields, divesting from its mature oil fields — those in the later stages of their production life. They warned that YPF could switch its capital expenditure strategy if the prices continue to fall.
SOURCE: BUENOS AIRES HERALD