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

12 Months Ended

Dec. 31, 2024

Disclosure of information about consolidated structured entities [line items]

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, 2024, 2023 and 2022:


	2024						2023						2022
Consolidated capitalized costs	Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide

Proved oil and gas properties
Mineral property, wells and related equipment (1)		28,164		-		28,164		53,052		-		53,052		49,698		-		49,698
Support equipment and facilities (2)		2,138		-		2,138		2,257		-		2,257		1,827		-		1,827
Drilling and work in progress		3,916		-		3,916		3,774		-		3,774		2,638		-		2,638
Unproved oil and gas properties		186		-		186		264		-		264		173		-		173

Total capitalized costs		34,404		-		34,404		59,347		-		59,347		54,336		-		54,336
Accumulated depreciation and valuation allowances (3)		(23,602)		-		(23,602)		(48,382)		-		(48,382)		(43,440)		-		(43,440)

Net capitalized costs		10,802		-		10,802		10,965		-		10,965		10,896		-		10,896

(1)	Includes 740, 696 and 524 corresponding to Upstream wells related equipment contracts comprised in right-of-use assets as of December 31, 2024, 2023 and 2022, respectively.

(2)	Includes 602, 521 and 351 corresponding to Upstream support equipment and facilities contracts comprised in right-of-use assets as of December 31, 2024, 2023 and 2022, respectively.

(3)	Includes (895), (762) and (566) corresponding to accumulated depreciation of all Upstream contracts of right-of-use assets as of December 31, 2024, 2023 and 2022, respectively.

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, 2024, 2023 and 2022:


	2024						2023						2022
Consolidated costs incurred	Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide

Acquisition of unproved properties		-		-		-		-		-		-		-		-		-
Acquisition of proved properties		-		-		-		-		-		-		-		-		-
Exploration costs		198		1		199		156		1		157		80		2		82
Development costs (1)		3,884		-		3,884		4,370		-		4,370		3,138		-		3,138

Total costs incurred		4,082		1		4,083		4,526		1		4,527		3,218		2		3,220

(1)	Includes 206, 313 and 223 corresponding to development cost related to Upstream contracts comprised in right-of-use assets as of December 31, 2024, 2023 and 2022, respectively.

Results of Operations from Oil and Gas Producing Activities

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


	2024						2023						2022
Consolidated results of operations	Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide

Net sales to unaffiliated parties		50		-		50		33		-		33		51		-		51
Net intersegment sales		8,225		-		8,225		7,211		-		7,211		7,134		-		7,134

Total net revenues		8,275		-		8,275		7,244		-		7,244		7,185		-		7,185
Production costs		(4,715)		-		(4,715)		(4,148)		-		(4,148)		(3,712)		(1)		(3,713)
Exploration expenses		(238)		(1)		(239)		(60)		(1)		(61)		(63)		(2)		(65)
Depreciation of property, plant and equipment; intangible and right-of-use assets		(1,963)		-		(1,963)		(2,567)		-		(2,567)		(2,075)		-		(2,075)
Impairment of property, plant and equipment and inventories write-down		(79)		-		(79)		(2,288)		-		(2,288)		(123)		-		(123)
Other (1)		(956)		-		(956)		(179)		-		(179)		82		1		83

Pre-tax income (loss) from producing activities		324		(1)		323		(1,998)		(1)		(1,999)		1,294		(2)		1,292
Income tax expense / benefit		(113)		-		(113)		699		-		699		(453)		-		(453)

Results of oil and gas producing activities		211		(1)		210		(1,299)		(1)		(1,300)		841		(2)		839

(1)	Mainly includes lawsuits, result from sale of assets, result from changes in fair value of assets held for sale, provisions for severance indemnities, provisions for operating optimizations 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.


	2024						2023						2022
Consolidated standardized measure of discounted future net cash flows	Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide

Future cash inflows		46,028		-		46,028		41,735		-		41,735		48,580		-		48,580
Future production costs		(18,294)		-		(18,294)		(18,683)		-		(18,683)		(22,076)		-		(22,076)
Future development costs		(9,090)		-		(9,090)		(11,136)		-		(11,136)		(10,936)		-		(10,936)
Future income tax expenses		(7,594)		-		(7,594)		(3,396)		-		(3,396)		(3,808)		-		(3,808)
10% annual discount for estimated timing of cash flows		(4,787)		-		(4,787)		(4,013)		-		(4,013)		(4,658)		-		(4,658)

Total standardized measure of discounted future net cash flows		6,263		-		6,263		4,507		-		4,507		7,102		-		7,102

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, 2024, 2023 and 2022:


	2024		2023		2022
Beginning of year		4,507		7,102		9,055
Sales and transfers, net of production costs		(515)		(1,819)		(3,173)
Net change in sales and transfer prices, net of future production costs		(2,672)		(1,624)		(2,862)
Changes in reserves and production rates (timing)		(1,761)		(1,390)		(574)
Net changes for extensions, discoveries and improved recovery		7,922		2,782		4,722
Changes in estimated future development and abandonment costs		(1,738)		(3,734)		(3,481)
Development costs incurred during the year that reduced future development costs		1,777		1,996		1,439
Accretion of discount		525		984		806
Net change in income taxes		(1,783)		211		1,148
Others		1		(1)		22

End of year		6,263		4,507		7,102

Oil and Condensate [Member]

Disclosure of information about consolidated structured entities [line items]

Summary of Changes in YPF's Net Proved Reserves

Changes in YPF’s estimated 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, 2024, 2023 and 2022, by hydrocarbon product:


	For the year ended December 31,
	(millions of barrels)
	2024						2023						2022
	Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide
Oil and condensate
Consolidated entities
As of January 1,		546		-		546		606		-		606		643		-		643
Developed		263		-		263		262		-		262		322		-		322
Undeveloped		283		-		283		344		-		344		321		-		321
Revisions of previous estimates (1)		10		-		10		(63)		-		(63)		(72)		-		(72)
Extensions and discoveries		99		-		99		75		-		75		125		-		125
Improved recovery		(2)		-		(2)		17		-		17		(7)		-		(7)
Purchase of minerals in place		-		-		-		-		-		-		-		-		-
Sale of minerals in place		(11)		-		(11)		-		-		-		-		-		-
Production for the year (2)		(94)		-		(94)		(89)		-		(89)		(83)		-		(83)

As of December 31, (3)		548		-		548		546		-		546		606		-		606
Developed		284		-		284		263		-		263		262		-		262
Undeveloped		264		-		264		283		-		283		344		-		344
Equity-accounted entities
As of January 1,		-		-		-		-		-		-		-		-		-
Developed		-		-		-		-		-		-		-		-		-
Undeveloped		-		-		-		-		-		-		-		-		-
Revisions of previous estimates		-		-		-		-		-		-		-		-		-
Extensions and discoveries		-		-		-		-		-		-		-		-		-
Improved recovery		-		-		-		-		-		-		-		-		-
Purchase of minerals in place		-		-		-		-		-		-		-		-		-
Sale of minerals in place		-		-		-		-		-		-		-		-		-
Production for the year		-		-		-		-		-		-		-		-		-

As of December 31,		-		-		-		-		-		-		-		-		-
Developed		-		-		-		-		-		-		-		-		-
Undeveloped		-		-		-		-		-		-		-		-		-


	For the year ended December 31,
	(millions of barrels)
	2024						2023						2022
	Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide
Oil and condensate
Consolidated and Equity-accounted entities
As of January 1,
Developed		263		-		263		262		-		262		322		-		322
Undeveloped		283		-		283		344		-		344		321		-		321

Total		546		-		546		606		-		606		643		-		643
As of December 31,
Developed		284		-		284		263		-		263		262		-		262
Undeveloped		264		-		264		283		-		283		344		-		344

Total		548		-		548		546		-		546		606		-		606

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

(2)	Crude oil production for the years ended on December 31, 2024, 2023 and 2022 includes an estimated of 13, 12 and 12 Mbbl, 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, 2024, 2023 and 2022 includes an estimated of 71, 72 and 82 Mbbl, respectively, in respect of royalty payments which are a financial obligation or are substantially equivalent to a production or similar tax.

Natural gas [member]

Disclosure of information about consolidated structured entities [line items]

Summary of Changes in YPF's Net Proved Reserves


	For the year ended December 31,
	(billions of standard cubic feet)
	2024						2023						2022
	Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide
Natural gas
Consolidated entities
As of January 1,		2,536		-		2,536		2,826		-		2,826		2,447		-		2,447
Developed		1,656		-		1,656		1,637		-		1,637		1,676		-		1,676
Undeveloped		880		-		880		1,189		-		1,189		771		-		771
Revisions of previous estimates (1)		(144)		-		(144)		(80)		-		(80)		(91)		-		(91)
Extensions and discoveries		781		-		781		257		-		257		952		-		952
Improved recovery		*		-		*		-		-		-		1		-		1
Purchase of minerals in place		-		-		-		-		-		-		-		-		-
Sale of minerals in place		(1)		-		(1)		-		-		-		-		-		-
Production for the year (2)		(484)		-		(484)		(467)		-		(467)		(483)		-		(483)

As of December 31, (3) (4)		2,688		-		2,688		2,536		-		2,536		2,826		-		2,826
Developed		1,627		-		1,627		1,656		-		1,656		1,637		-		1,637
Undeveloped		1,061		-		1,061		880		-		880		1,189		-		1,189
Equity-accounted entities
As of January 1,		-		-		-		-		-		-		-		-		-
Developed		-		-		-		-		-		-		-		-		-
Undeveloped		-		-		-		-		-		-		-		-		-
Revisions of previous estimates		-		-		-		-		-		-		-		-		-
Extensions and discoveries		-		-		-		-		-		-		-		-		-
Improved recovery		-		-		-		-		-		-		-		-		-
Purchase of minerals in place		-		-		-		-		-		-		-		-		-
Sale of minerals in place		-		-		-		-		-		-		-		-		-
Production for the year		-		-		-		-		-		-		-		-		-

As of December 31,		-		-		-		-		-		-		-		-		-
Developed		-		-		-		-		-		-		-		-		-
Undeveloped		-		-		-		-		-		-		-		-		-


	For the year ended December 31,
	(billions of standard cubic feet)
	2024						2023						2022
	Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide
Natural gas
Consolidated and Equity-accounted entities
As of January 1,
Developed		1,656		-		1,656		1,637		-		1,637		1,676		-		1,676
Undeveloped		880		-		880		1,189		-		1,189		771		-		771

Total		2,536		-		2,536		2,826		-		2,826		2,447		-		2,447
As of December 31,
Developed		1,627		-		1,627		1,656		-		1,656		1,637		-		1,637
Undeveloped		1,061		-		1,061		880		-		880		1,189		-		1,189

Total		2,688		-		2,688		2,536		-		2,536		2,826		-		2,826

(*) Not material (less than 1).

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

(2)	Natural gas production for the years ended on December 31, 2024, 2023 and 2022 includes an estimated of 55, 54 and 57 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, 2024, 2023 and 2022 includes an estimated of 309 , 292 and 335 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, 2024, 2023 and 2022 includes an estimated of 255, 282 and 299 bcf, respectively, which is consumed as fuel at the field.

Oil equivalent [Member]

Disclosure of information about consolidated structured entities [line items]

Summary of Changes in YPF's Net Proved Reserves


	For the year ended December 31,
	(millions of barrels of oil equivalent)
	2024						2023						2022
	Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide
Oil equivalent (1)
Consolidated entities
As of January 1,		1,072		-		1,072		1,187		-		1,187		1,143		-		1,143
Developed		599		-		599		590		-		590		655		-		655
Undeveloped		473		-		473		597		-		597		488		-		488
Revisions of previous estimates (2)		(17)		-		(17)		(72)		-		(72)		(87)		-		(87)
Extensions and discoveries		250		-		250		127		-		127		322		-		322
Improved recovery		(2)		-		(2)		17		-		17		(7)		-		(7)
Purchase of minerals in place		-		-		-		-		-		-		-		-		-
Sale of minerals in place		(11)		-		(11)		-		-		-		-		-		-
Production for the year (3)		(196)		-		(196)		(187)		-		(187)		(184)		-		(184)

As of December 31, (4)		1,096		-		1,096		1,072		-		1,072		1,187		-		1,187
Developed		618		-		618		599		-		599		590		-		590
Undeveloped		478		-		478		473		-		473		597		-		597
Equity-accounted entities
As of January 1,		-		-		-		-		-		-		-		-		-
Developed		-		-		-		-		-		-		-		-		-
Undeveloped		-		-		-		-		-		-		-		-		-
Revisions of previous estimates		-		-		-		-		-		-		-		-		-
Extensions and discoveries		-		-		-		-		-		-		-		-		-
Improved recovery		-		-		-		-		-		-		-		-		-
Purchase of minerals in place		-		-		-		-		-		-		-		-		-
Sale of minerals in place		-		-		-		-		-		-		-		-		-
Production for the year		-		-		-		-		-		-		-		-		-

As of December 31,		-		-		-		-		-		-		-		-		-
Developed		-		-		-		-		-		-		-		-		-
Undeveloped		-		-		-		-		-		-		-		-		-


	For the year ended December 31,
	(millions of barrels of oil equivalent)
	2024						2023						2022
	Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide
Oil equivalent (1)
Consolidated and Equity-accounted entities
As of January 1,
Developed		599		-		599		590		-		590		655		-		655
Undeveloped		473		-		473		597		-		597		488		-		488

Total		1,072		-		1,072		1,187		-		1,187		1,143		-		1,143
As of December 31,
Developed		618		-		618		599		-		599		590		-		590
Undeveloped		478		-		478		473		-		473		597		-		597

Total		1,096		-		1,096		1,072		-		1,072		1,187		-		1,187

(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, NGLs 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, 2024, 2023 and 2022 includes an estimated of 25, 24 and 24 Mboe, 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, 2024, 2023 and 2022 includes an estimated of 135, 134 and 153 Mboe, 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]

Disclosure of information about consolidated structured entities [line items]

Summary of Changes in YPF's Net Proved Reserves


	For the year ended December 31,
	(millions of barrels)
	2024						2023						2022
	Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide
NGLs
Consolidated entities
As of January 1,		74		-		74		77		-		77		64		-		64
Developed		41		-		41		36		-		36		34		-		34
Undeveloped		33		-		33		41		-		41		30		-		30
Revisions of previous estimates (1)		(1)		-		(1)		5		-		5		1		-		1
Extensions and discoveries		12		-		12		8		-		8		27		-		27
Improved recovery		-		-		-		-		-		-		-		-		-
Purchase of minerals in place		-		-		-		-		-		-		-		-		-
Sale of minerals in place		-		-		-		-		-		-		-		-		-
Production for the year (2)		(16)		-		(16)		(16)		-		(16)		(15)		-		(15)

As of December 31, (3)		69		-		69		74		-		74		77		-		77
Developed		44		-		44		41		-		41		36		-		36
Undeveloped		25		-		25		33		-		33		41		-		41
Equity-accounted entities
As of January 1,		-		-		-		-		-		-		-		-		-
Developed		-		-		-		-		-		-		-		-		-
Undeveloped		-		-		-		-		-		-		-		-		-
Revisions of previous estimates		-		-		-		-		-		-		-		-		-
Extensions and discoveries		-		-		-		-		-		-		-		-		-
Improved recovery		-		-		-		-		-		-		-		-		-
Purchase of minerals in place		-		-		-		-		-		-		-		-		-
Sale of minerals in place		-		-		-		-		-		-		-		-		-
Production for the year		-		-		-		-		-		-		-		-		-

As of December 31,		-		-		-		-		-		-		-		-		-
Developed		-		-		-		-		-		-		-		-		-
Undeveloped		-		-		-		-		-		-		-		-		-


	For the year ended December 31,
	(millions of barrels)
	2024						2023						2022
	Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide		Argentina		Other foreign		Worldwide
NGLs
Consolidated and Equity-accounted entities
As of January 1,
Developed		41		-		41		36		-		36		34		-		34
Undeveloped		33		-		33		41		-		41		30		-		30

Total		74		-		74		77		-		77		64		-		64
As of December 31,
Developed		44		-		44		41		-		41		36		-		36
Undeveloped		25		-		25		33		-		33		41		-		41

Total		69		-		69		74		-		74		77		-		77

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

(2)	NGLs production for the years ended on December 31, 2024, 2023 and 2022 includes an estimated of 2, 2 and 2 Mbbl, respectively, in respect of royalty payments which are a financial obligation or are substantially equivalent to a production or similar tax.

(3)	Proved NGLs reserves of consolidated entities for the years ended on December 31, 2024, 2023 and 2022 includes an estimated of 9, 10 and 11 Mbbl, respectively, in respect of royalty payments which are a financial obligation or are substantially equivalent to a production or similar tax.