Argentina's YPF Hits Higher Shale Production in Second Quarter

August 15, 2023--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Shale volumes continue to represent a larger share of the production for YPF (NYSE:YPF) (Buenos Aires, Argentina) as it focuses on midstream expansion to ease transportation bottlenecks.

YPF reported a net income of US$380 million in the second quarter of 2023, about 53.1% less than during the same period last year. However, this is the result of lower hydrocarbon prices worldwide. Overall, the Argentine company has registered a stable operational quarter.