Who it serves
Refineries, processors and buyers of oil and gas.
How the business works
Exploration identifies resources; development turns them into production. Hydrocarbon sales must support operating costs and investment in wells and infrastructure.
What drives this activity
Production volumes, realised prices, extraction costs and investment to sustain output.
The business in practice
Selected products, companies and assets from corporate publications.
- Explore, develop and produce
YPF distinguishes finding reserves, preparing development and extraction, with a focus on unconventional resources. Each stage answers a different question: what exists, how to produce it and how to sustain output. Investment precedes sales; finding hydrocarbons alone does not establish that a project can cover its costs and transport.
YPF · exploration, development and productionConsulted
Its place in YPF
YPF operates across the hydrocarbon chain: producing oil and gas, processing raw materials and marketing products. This integration connects businesses with different economics: crude prices, refining costs and fuel demand affect each stage differently.
Economics of the whole company
Business economics · explained by La Plata
Customers, operations & revenue
YPF turns underground resources into products for transport, households and industry. Extraction requires wells and infrastructure; refineries convert crude into fuels and other derivatives. Marketing connects output with distributors and consumers. Transfers between group businesses should be distinguished from external sales.
What shapes business performance
Production, realised prices and extraction costs explain upstream performance; utilisation and refining margins explain processing. Sustaining output requires investment, so EBITDA and free cash flow differ. Transport capacity, fuel demand, exchange rates and project schedules also matter.
