YPF is Argentina's state-controlled energy major and the primary developer of Vaca Muerta, South America's premier shale basin. A change in political direction under President Milei has unlocked long-stalled investment frameworks, and YPF has begun attracting international partners for LNG export projects that would monetise Vaca Muerta's reserves globally. If the RIGI investment incentive law beds in and the peso stabilises, YPF's production growth trajectory could surprise significantly to the upside. Argentine sovereign risk remains the dominant overlay but is improving.
Thesis reviewed May 29, 2026
YPF Sociedad Anónima is headquartered in Argentina, which is currently showing moderate signals.
🇦🇷Argentina67NEUTRALView Argentina risk detail →⚡Energy77REDUCE| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| CVE | Cenovus Energy Inc. | 72 | +17% | ↓61% | WATCH |
| FTI | TechnipFMC plc | 72 | +20% | ↓61% | WATCH |
| OVV | Ovintiv Inc. | 72 | +14% | ↓61% | WATCH |
| SU | Suncor Energy Inc. | 72 | +14% | ↓61% | WATCH |
| PSX | Phillips 66 | 72 | +13% | ↓61% | WATCH |
| OXY | Occidental Petroleum Corporation | 72 | +8% | ↓61% | NEUTRAL |
| TTE | TotalEnergies SE | 72 | +10% | ↓61% | WATCH |
Investors who hold YPF may also have indirect exposure through these country funds.
YPF signs framework agreement with Shell and TotalEnergies for Vaca Muerta LNG Phase 1
Q4 production up 14% YoY; shale oil output crosses 200,000 bbl/d milestone
RIGI investment regime draws $3.5B in new upstream commitments in Q1 2026
Estimates · Yahoo Finance · Not audited figures