Supplemental Information on Oil and Gas Producing Activities (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2021

Summary of Capitalized Costs, Along with the related Accumulated Depreciation and Allowances

The following tables set forth capitalized costs, along with the related accumulated depreciation and allowances as of December 31, 2021, 2020 and 2019:


	2021							2020						2019
Consolidated capitalized costs	Argentine		Other foreign		Worldwide			Argentine		Other foreign		Worldwide		Argentine		Other foreign		Worldwide
Proved oil and gas properties
Mineral property, wells and related equipment		4,904,375		-		4,904,375	(1)		3,889,483		3,052		3,892,535		2,693,690		2,033		2,695,723
Support equipment and facilities		168,749		-		168,749	(2)		113,563		-		113,563		80,012		-		80,012
Drilling and work in progress		199,964		-		199,964			159,614		-		159,614		142,122		-		142,122
Unproved oil and gas properties		22,628		-		22,628			20,044		-		20,044		30,012		-		30,012

Total capitalized costs		5,295,716		-		5,295,716			4,182,704		3,052		4,185,756		2,945,836		2,033		2,947,869
Accumulated depreciation and valuation allowances		(4,277,053)		-		(4,277,053)	(3)		(3,306,031)		(2,827)		(3,308,858)		(2,239,487)		(1,973)		(2,241,460)

Net capitalized costs		1,018,663		-		1,018,663			876,673		225		876,898		706,349		60		706,409

(1)	Includes 43,423 corresponding to Upstream wells related equipment contracts comprised in right-of-use assets.

(2)	Includes 27,770 corresponding to Upstream support equipment and facilities contracts comprised in righ-of-use assest.

(3)	Includes (39,315) corresponding to Accumulated Depreciation of all Upstream contracts of right-of-use assets.

Costs Incurred for Oil and Gas Producing Activities

The following tables set forth the costs incurred for oil and gas producing activities during the years ended December 31, 2021, 2020 and 2019:


	2021								2020						2019
Consolidated costs incurred	Argentine		Other foreign		Worldwide				Argentine		Other foreign		Worldwide		Argentine		Other foreign		Worldwide
Acquisition of unproved properties		34		-		34				715		-		715		4,171		-		4,171
Acquisition of proved properties		-		-		-				-		-		-		-		-		-
Exploration costs		4,316		237		4,553				2,348		141		2,489		9,115		771		9,886
Development costs		189,992		-		189,992	(1	)		61,441		-		61,441		132,289		-		132,289

Total costs incurred		194,342		237		194,579				64,504		141		64,645		145,575		771		146,346

(1)	Includes 11,875 corresponding to development cost related to Upstream contracts comprised in right-of-use assets.

Results of Operations from Oil and Gas Producing Activities

Differences between these tables and the amounts shown in Note 5 “Segment information”, for the exploration and production business unit, relate to additional operations that do not arise from those properties held by the Group.


	2021						2020						2019
Consolidated results of operations	Argentine		Other foreign		Worldwide		Argentine		Other foreign		Worldwide		Argentine		Other foreign		Worldwide
Net sales to unaffiliated parties		4,678		-		4,678		2,419		6		2,425		1,949		120		2,069
Net intersegment sales		544,384		-		544,384		289,421		-		289,421		286,585		-		286,585

Total net revenues		549,062		-		549,062		291,840		6		291,846		288,534		120		288,654
Production costs		(282,235)		(220)		(282,455)		(193,166)		(165)		(193,331)		(164,562)		(242)		(164,804)
Exploration expenses		(2,303)		(191)		(2,494)		(5,688)		(169)		(5,857)		(6,045)		(734)		(6,779)
Depreciation of property, plant and equipment; intangible and right-of-use assets		(225,836)		(29)		(225,865)		(137,183)		(21)		(137,204)		(124,977)		(980)		(125,957)
Impairment of Property, plant and equipment		(11,258)		-		(11,258)		7,475		-		7,475		(40,561)		-		(40,561)
Other (1)		(30,648)		924		(29,724)		889		231		1,120		(6,569)		(56)		(6,625)

Pre-tax income (loss) from producing activities		(3,218)		484		(2,734)		(35,833)		(118)		(35,951)		(54,180)		(1,892)		(56,072)
Income tax expense / benefit		1,126		47		1,173		10,750		41		10,791		16,254		417		16,671

Results of oil and gas producing activities		(2,092)		531		(1,561)		(25,083)		(77)		(25,160)		(37,926)		(1,475)		(39,401)

(1)	Mainly includes lawsuits, result for sale of participation in areas and financial accretion for the hydrocarbon wells abandonment obligations, among others.

Summary of Standardized Measure of Discounted Future Net Cash Flows

The standardized measure does not purport to be an estimate of the fair market value of the Group’s proved reserves. An estimate of fair value would also take into account, among other things, the expected recovery of reserves in excess of proved reserves, anticipated changes in future prices and costs and a discount factor representative of the time value of money and the risks inherent in producing oil and gas.


	2021						2020						2019
Consolidated standardized measure of discounted future net cash flows	Argentine		Other foreign		Worldwide		Argentine		Other foreign		Worldwide		Argentine		Other foreign		Worldwide
Future cash inflows (1)		5,217,508		-		5,217,508		2,071,924		-		2,071,924		2,545,028		-		2,545,028
Future production costs		(2,309,885)		-		(2,309,885)		(1,128,613)		-		(1,128,613)		(1,333,468)		-		(1,333,468)
Future development costs		(919,196)		-		(919,196)		(644,714)		-		(644,714)		(482,015)		-		(482,015)
Future income tax expenses		(542,492)		-		(542,492)		(13,420)		-		(13,420)		(120,966)		-		(120,966)
10% annual discount for estimated timing of cash flows		(516,736)		-		(516,736)		(105,899)		-		(105,899)		(227,670)		-		(227,670)

Total standardized measure of discounted future net cash flows		929,199		-		929,199		179,278		-		179,278		380,909		-		380,909

(1)	For the years ended December 31, 2020 and 2019, future cash inflows are stated net of the effect of withholdings on exports until 2021 in accordance with Law No. 27,541.

Summary of Changes in the Standardized Measure of Discounted Future Net Cash Flows

The

following table reflects the changes in standardized measure of discounted future net cash flows for the years ended December 31, 2021, 2020 and 2019:


	2021		2020		2019
Beginning of year		179,278		380,909		308,233
Sales and transfers, net of production costs		(87,203)		(176,237)		(197,278)
Net change in sales and transfer prices, net of future production costs		348,474		(401,237)		(239,226)
Changes in reserves and production rates (timing)		514,410		(26,428)		(26,496)
Net changes for extensions, discoveries and improved recovery		341,578		120,070		228,354
Net change due to purchases and sales of minerals in place		-		(19,624)		(1,152)
Changes in estimated future development and abandonment costs		(199,745)		(104,300)		(82,799)
Development costs incurred during the year that reduced future development costs		101,572		94,505		102,784
Accretion of discount		24,692		48,400		43,534
Net change in income taxes		(334,063)		106,148		66,705
Others (1)		40,206		157,072		178,250

End of year		929,199		179,278		380,909

(1)	Corresponds mainly to exchange differences arising from the translation of our cash flows in the functional currency to the presentation currency.

Oil and Condensate [Member]

Statement [Line Items]

Summary of Changes in YPF's Net Proved Reserves

The table below sets forth information regarding changes in YPF’s net proved reserves for the year ended as of December 31, 2021, 2020 and 2019, by

hydrocarbon product:


	For the year ended December 31,
	(millions of barrels)
	2021						2020						2019
	Argentine		Other foreign		Worldwide		Argentine		Other foreign		Worldwide		Argentine		Other foreign		Worldwide
Oil and condensate
Consolidated entities

As of January 1,		483		-		483		613		-		613		582		-		582
Developed		229		-		229		301		-		301		339		-		339
Undeveloped		254		-		254		312		-		312		243		-		243
Revisions of previous estimates (1)		161		-		161		(92)		-		(92)		21		*		21
Extensions and discoveries		76		-		76		47		-		47		86		-		86
Improved recovery		*		-		*		*		-		*		8		-		8
Purchase of minerals in place		*		-		*		-		-		-		-		-		-
Sale of minerals in place		-		-		-		(9)		-		(9)		(1)		-		(1)
Production for the year (2)		(77)		-		(77)		(76)		-		(76)		(83)		*		(83)

As of December 31, (3)		643		-		643		483		-		483		613		-		613
Developed		322		-		322		229		-		229		301		-		301
Undeveloped		321		-		321		254		-		254		312		-		312
Equity-accounted entities
As of January 1,		-		-		-		-		-		-		-		-		-
Developed		-		-		-		-		-		-		-		-		-
Undeveloped		-		-		-		-		-		-		-		-		-
Revisions of previous estimates (1)		-		-		-		-		-		-		-		-		-
Extensions and discoveries		-		-		-		-		-		-		-		-		-
Improved recovery		-		-		-		-		-		-		-		-		-
Purchase of minerals in place		-		-		-		-		-		-		-		-		-
Sale of minerals in place		-		-		-		-		-		-		-		-		-
Production for the year (2)		-		-		-		-		-		-		-		-		-

As of December 31, (3)		-		-		-		-		-		-		-		-		-
Developed		-		-		-		-		-		-		-		-		-
Undeveloped		-		-		-		-		-		-		-		-		-


	For the year ended December 31,
	(millions of barrels)
	2021						2020						2019
	Argentine		Other foreign		Worldwide		Argentine		Other foreign		Worldwide		Argentine		Other foreign		Worldwide
Oil and condensate
Consolidated and Equity-accounted entities
As of January 1,
Developed		229		-		229		301		-		301		339		-		339
Undeveloped		254		-		254		312		-		312		243		-		243

Total		483		-		483		613		-		613		582		-		582
As of December 31,
Developed		322		-		322		229		-		229		301		-		301
Undeveloped		321		-		321		254		-		254		312		-		312

Total		643		-		643		483		-		483		613		-		613

* Not material (less than 1).

(1)	Revisions in estimates of reserves are performed at least once a year. Revisions of oil and gas reserves is considered prospectively in the calculation of depreciation.

(2)	Crude oil production for the years ended on December 31, 2021, 2020 and 2019 includes an estimated of 11, 11 and 12 mmbbl, respectively, in respect of royalty payments which are a financial obligation or are substantially equivalent to a production or similar tax.

(3)	Proved crude oil reserves of consolidated entities for the years ended on December 31, 2021, 2020 and 2019 include an estimated of 92, 70 and 88 mmbbl, respectively, in respect of royalty payments which are a financial obligation or are substantially equivalent to a production or similar tax.

Natural gas [member]

Statement [Line Items]

Summary of Changes in YPF's Net Proved Reserves


	For the year ended December 31,
	(billions of standard cubic feet)
	2021						2020						2019
	Argentine		Other foreign		Worldwide		Argentine		Other foreign		Worldwide		Argentine		Other foreign		Worldwide
Natural gas
Consolidated entities
As of January 1,		2,110		-		2,110		2,241		-		2,241		2,481		-		2,481
Developed		1,486		-		1,486		1,743		-		1,743		1,915		-		1,915
Undeveloped		624		-		624		498		-		498		566		-		566
Revisions of previous estimates (1)		347		-		347		136		-		136		(104)		-		(104)
Extensions and discoveries		450		-		450		199		-		199		384		-		384
Improved recovery		*		-		*		-		-		-		-		-		-
Purchase of minerals in place		-		-		-		-		-		-		-		-		-
Sale of minerals in place		-		-		-		(6)		-		(6)		(8)		-		(8)
Production for the year (2)		(460)		-		(460)		(460)		-		(460)		(512)		-		(512)

As of December 31, (3) (4)		2,447		-		2,447		2,110		-		2,110		2,241		-		2,241
Developed		1,676		-		1,676		1,486		-		1,486		1,743		-		1,743
Undeveloped		771		-		771		624		-		624		498		-		498
Equity-accounted entities
As of January 1,		-		-		-		-		-		-		-		-		-
Developed		-		-		-		-		-		-		-		-		-
Undeveloped		-		-		-		-		-		-		-		-		-
Revisions of previous estimates (1)		-		-		-		-		-		-		-		-		-
Extensions and discoveries		-		-		-		-		-		-		-		-		-
Improved recovery		-		-		-		-		-		-		-		-		-
Purchase of minerals in place		-		-		-		-		-		-		-		-		-
Sale of minerals in place		-		-		-		-		-		-		-		-		-
Production for the year (2)		-		-		-		-		-		-		-		-		-

As of December 31, (3)		-		-		-		-		-		-		-		-		-
Developed		-		-		-		-		-		-		-		-		-
Undeveloped		-		-		-		-		-		-		-		-		-


	For the year ended December 31,
	(billions of standard cubic feet)
	2021						2020						2019
	Argentine		Other foreign		Worldwide		Argentine		Other foreign		Worldwide		Argentine		Other foreign		Worldwide
Natural gas
Consolidated and Equity-accounted entities
As of January 1,
Developed		1,486		-		1,486		1,743		-		1,743		1,915		-		1,915
Undeveloped		624		-		624		498		-		498		566		-		566

Total		2,110		-		2,110		2,241		-		2,241		2,481		-		2,481
As of December 31,
Developed		1,676		-		1,676		1,486		-		1,486		1,743		-		1,743
Undeveloped		771		-		771		624		-		624		498		-		498

Total		2,447		-		2,447		2,110		-		2,110		2,241		-		2,241

* Not material (less than 1).

(1)	Revisions in estimates of reserves are performed at least once a year. Revisions of oil and gas reserves is considered prospectively in the calculation of depreciation.

(2)	Natural gas production for the years ended on December 31, 2021, 2020 and 2019 includes an estimated of 53, 53 and 60 bcf, respectively, in respect of royalty payments which are a financial obligation or are substantially equivalent to a production or similar tax.

(3)	Proved natural gas reserves of consolidated entities for the years ended on December 31, 2021, 2020 and 2019 include an estimated of 288, 245 and 259 bcf, respectively, in respect of royalty payments which are a financial obligation or are substantially equivalent to a production or similar tax.

(4)	Proved natural gas reserves of consolidated entities for the years ended on December 31, 2021, 2020 and 2019 include an estimated of 337, 290 and 321 bcf, respectively, which is consumed as fuel at the field.

Oil equivalent [Member]

Statement [Line Items]

Summary of Changes in YPF's Net Proved Reserves


	For the year ended December 31, (millions of barrels of oil equivalent)
	2021						2020						2019
	Argentine		Other foreign		Worldwide		Argentine		Other foreign		Worldwide		Argentine		Other foreign		Worldwide
Oil equivalent (1)
Consolidated entities
As of January 1,		922		-		922		1,073		-		1,073		1,080		-		1.,08 0
Developed		526		-		526		650		-		650		722		-		722
Undeveloped		396		-		396		423		-		423		358		-		358
Revisions of previous estimates (2)		216		*		216		(61)		*		(61)		7		*		7
Extensions and discoveries		176		-		176		92		-		92		169		-		169
Improved recovery		*		-		*		-		-		-		8		-		8
Purchase of minerals in place		*		-		*		-		-		-		-		-		-
Sale of minerals in place		-		-		-		(11)		-		(11)		(3)		-		(3)
Production for the year (3)		(171)		*		(171)		(171)		*		(171)		(188)		*		(188)

As of December 31, (4)		1,143		-		1,143		922		-		922		1,073		-		1,073
Developed		655		-		655		526		-		526		650		-		650
Undeveloped		488		-		488		396		-		396		423		-		423
Equity-accounted entities
As of January 1,		-		-		-		-		-		-		-		-		-
Developed		-		-		-		-		-		-		-		-		-
Undeveloped		-		-		-		-		-		-		-		-		-
Revisions of previous estimates (2)		-		-		-		-		-		-		-		-		-
Extensions and discoveries		-		-		-		-		-		-		-		-		-
Improved recovery		-		-		-		-		-		-		-		-		-
Purchase of minerals in place		-		-		-		-		-		-		-		-		-
Sale of minerals in place		-		-		-		-		-		-		-		-		-
Production for the year (3)		-		-		-		-		-		-		-		-		-

As of December 31, (4)		-		-		-		-		-		-		-		-		-
Developed		-		-		-		-		-		-		-		-		-
Undeveloped		-		-		-		-		-		-		-		-		-


	For the year ended December 31, (millions of barrels of oil equivalent)
	2021						2020						2019
	Argentine		Other foreign		Worldwide		Argentine		Other foreign		Worldwide		Argentine		Other foreign		Worldwide
Oil equivalent
Consolidated and Equity-accounted entities
As of January 1,
Developed		526		-		526		650		-		650		722		-		722
Undeveloped		396		-		396		423		-		423		358		-		358

Total		922		-		922		1,073		-		1,073		1,080		-		1,080
As of December 31,
Developed		655		-		655		526		-		526		650		-		650
Undeveloped		488		-		488		396		-		396		423		-		423

Total		1,143		-		1,143		922		-		922		1,073		-		1,073

*Not material (less than 1).

(1)	Volumes of natural gas have been converted to barrels of oil equivalent at 5,615 cubic feet per barrel.

(2)	Revisions in estimates of reserves are performed at least once a year. Revisions of crude oil, natural gas liquids and natural gas reserves are considered prospectively in the calculation of depreciation.

(3)

Barrel of oil equivalent production of consolidated entities for the years ended on December 31, 2021, 2020 and 2019 includes an estimated of 22, 22 and 24 mmboe, respectively, in respect of royalty payments which are a financial obligation or are substantially equivalent to a production or similar tax.

(4)

Proved oil equivalent reserves of consolidated entities for the years ended on December 31, 2021, 2020 and 2019 include an estimated of 151, 120 and 140 mmboe, respectively, in respect of royalty payments which are a financial obligation or are substantially equivalent to a production or similar tax.

Natural Gas Liquids [Member]

Statement [Line Items]

Summary of Changes in YPF's Net Proved Reserves


	For the year ended December 31,
	(millions of barrels)
	2021						2020						2019
	Argentine		Other foreign		Worldwide		Argentine		Other foreign		Worldwide		Argentine		Other foreign		Worldwide
Natural gas liquids
Consolidated entities
As of January 1,		63		-		63		60		-		60		56		-		56
Developed		32		-		32		38		-		38		41		-		41
Undeveloped		31		-		31		22		-		22		15		-		15
Revisions of previous estimates ( 1 )		(5)		-		(5)		8		-		8		4		-		4
Extensions and discoveries		19		-		19		9		-		9		14		-		14
Improved recovery		-		-		-		-		-		-		-		-		-
Purchase of minerals in place		-		-		-		-		-		-		-		-		-
Sale of minerals in place		-		-		-		(1)		-		(1)		-		-		-
Production for the year (2)		(13)		-		(13)		(13)		-		(13)		(14)		-		(14)

As of December 31, (3)		64		-		64		63		-		63		60		-		60
Developed		34		-		34		32		-		32		38		-		38
Undeveloped		30		-		30		31		-		31		22		-		22
Equity-accounted entities
As of January 1,		-		-		-		-		-		-		-		-		-
Developed		-		-		-		-		-		-		-		-		-
Undeveloped		-		-		-		-		-		-		-		-		-
Revisions of previous estimates (1)		-		-		-		-		-		-		-		-		-
Extensions and discoveries		-		-		-		-		-		-		-		-		-
Improved recovery		-		-		-		-		-		-		-		-		-
Purchase of minerals in place		-		-		-		-		-		-		-		-		-
Sale of minerals in place		-		-		-		-		-		-		-		-		-
Production for the year (2)		-		-		-		-		-		-		-		-		-

As of December 31, (3)		-		-		-		-		-		-		-		-		-
Developed		-		-		-		-		-		-		-		-		-
Undeveloped		-		-		-		-		-		-		-		-		-


	For the year ended December 31,
	(millions of barrels)
	2021						2020						2019
	Argentine		Other foreign		Worldwide		Argentine		Other foreign		Worldwide		Argentine		Other foreign		Worldwide
Natural gas liquids
Consolidated and Equity- accounted entities
As of January 1,
Developed		32		-		32		38		-		38		41		-		41
Undeveloped		31		-		31		22		-		22		15		-		15

Total		63		-		63		60		-		60		56		-		56
As of December 31,
Developed		34		-		34		32		-		32		38		-		38
Undeveloped		30		-		30		31		-		31		22		-		22

Total		64		-		64		63		-		63		60		-		60

(1)	Revisions in estimates of reserves are performed at least once a year. Revisions of oil and gas reserves is considered prospectively in the calculation of depreciation.

(2)	Natural gas liquids production for the years ended on December 31, 2021, 2020 and 2019 includes an estimated of 1, 1 and 1 mmbbl, respectively, in respect of royalty payments which are a financial obligation or are substantially equivalent to a production or similar tax.

(3)

Proved natural gas liquids reserves of consolidated entities for the years ended on December 31, 2021, 2020 and 2019 include an estimated of 8, 7 and 6 mmbbl, respectively, in respect of royalty payments which are a financial obligation or are substantially equivalent to a production or similar tax.