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The latest update is out from YPF Sociedad Anonima ( (YPF) ).
YPF Sociedad Anonima has entered into a share purchase and sale agreement to acquire Mobil Argentina S.A. from ExxonMobil and QatarEnergy, pending the satisfaction of certain conditions. This acquisition grants YPF a 54.45% stake in the Sierra Chata area, located in the Vaca Muerta shale play, which is recognized for its high potential in shale gas production. This strategic move is expected to enhance YPF’s position in the unconventional gas market and strengthen its resource base in one of the most promising energy sectors in Argentina.
More about YPF Sociedad Anonima
YPF Sociedad Anonima is a leading company in the energy sector, primarily focused on the exploration and production of oil and gas. Headquartered in Buenos Aires, Argentina, YPF plays a significant role in the Argentine energy market and is involved in various aspects of the oil and gas industry, including unconventional resource development.
YTD Price Performance: 159.34%
Average Trading Volume: 2,364,912
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $19.17B
For detailed information about YPF stock, go to TipRanks’ Stock Analysis page.
