Energy Company
YPF is the main energy company in Argentina, with a leadership position in the entire oil and gas value chain in the country [production, refining and sale of fuels]. It also boasts a growing business in electricity generation and renewables, as well as a company focused on innovation and new energies.
- 1. New energies
- 2. Exploration
- 3. Development
- 4. Production
- 5. Innovation and technology Y-TEC
- 6. Storage and transportation
- 7. Refining
- 8. Chemical
- 9. Lubricants and specialties
- 10. Retail service stations
- 11. AGRO
- 12. GLP
- 13. Industries
- 14. Gas distributors
- 15. Power plants
- 16. LNG
- 17. Midstream
- 18. Domestic and international trade
Sustainability aproach
We manage sustainability challenges across social, economic, and environmental dimensions in line with our strategic business plan. This includes corporate governance principles, risk management, and the framework to evaluate performance, as well as the way we engage with stakeholders in the business environment.
PRIORITIES
-
1. Energy
Energy is an essential part of modern life and a growing world. For more than 100 years, YPF has contributed to producing it and meeting its demand for millions of Argentinians, and will continue evolving as a responsible, profitable, and competitive operator of a globally projected industry. -
2. Environment
YPF seeks to carry out safe operations that protect the environment and incorporate an efficient and sustainable use of resources. -
3. People
The company offers job opportunities that enable professional and personal development in a safe, diverse environment with internal equity and commitment to the organizational purpose. -
4. Society
YPF seeks to create value for shareholders, business partners, and all its stakeholders. It invests in the country, meets its obligations, creates quality jobs, and operates responsibly with respect for human rights.
We are part of global initiatives such as the Global Compact and EITI. We voluntarily carry out the ESG Assessment designed for the Dow Jones Sustainability Index.
In 2024, we achieved a score of 70/100 in that assessment and remained in the 97th percentile of the Oil & Gas sector in S&P’s Global Corporate Sustainability Assessment.
Governance, Ethics and Integrity
Board of Directors
-
11 Memebers
-
5 Independent members
-
1 Woman
Investors
Ethics and compliance
Risk management
100% of businesses with mapped corruption risks
Ethics and code of conduct
100% directors and personnel adhered
Complaint channels
for members of the organization and third-parties
Conflict of interests policy
for directors and personnel
Third-party employment program
classification of suppliers based on integrity risks
Due diligence in human rights
human rights risk mapping carried out and 100% security personnel trained
Economic Performance
Operations
536 K BOE/D
Total hydrocarbon production
+4% VS. 2023
283 K BOE/D
Net shale production
+20% VS. 2023
#1 petrochemical producer in the country
1.695 MT/ capacity production year
338 K BBL/D
Refining capacity
+50% Argentine market
1,677
Gas stations
1.096 M BOE
Total proven reserves
+2,2% VS. 2023
US$ 543 M
Capital expenditures and operating expenses related to integrity and environmental management
74,996
People employed
(direct and contractors)
Financial and economic results
* In US dolars
19,293 M
Sales revenue
+11% VS. 2023
2,393 M
Fiscal year result
2023 (-1,277) M
4,654 M
EBITDA
+15% VS. 2023
12,321,960 M
Net worth
+67% VS. 2023
Suppliers
6,185
Suppliers with valid qualifications
100% Contracts
Adhering to the code of ethics and conduct
100% High
Criticality suppliers with environmental and safety assessment
Our people
24,778
Direct personnel
50,218
Contractors personnel
Diversity
22.1%
Female employees
-0,9% VS. 2023
24.1%
Leadership positions held by women
+22% VS. 2023
Inclusion and employability
432,518
Training hours
(does not include hours of occupational safety training)
25
Training hours per employee
Health and safety
93%
Personnel with annual medical evaluation performed
0.13
Lost time injury frequency rate (LTIFR)
-0,43% VS. 2023
Social investment
AR$ 15.346 M
Total social investment
AR$ 14.795 M
Voluntary social investment
AR$ 23 M
Charitable donations
0,16% DE LA ISV
Steam education and sustainable development (Fundación YPF) - five lines of action and impact
93,374
PEOPLE
Trained through
Fundación YPF programs
+78% VS. 2023
Professional technical education
44,249
Course participants
STEAM Education
313
University scholarships in energy-related fields
60% women
1,214
Women trained in programming, web design, and data
Renewable energy and energy transition
+11,000
"Aula móvil" participants
Links with the energy industry
Training plan for Vaca Muerta, with a commitment to invest USD 5.5 million over the next 3 years.
Participation of 305 university students and bachelor's degree candidates in earth sciences in various training activities, such as field schools and seminars.
152 students and 16 teachers from technical high schools completed professional internships.
Local development
The Sierra Grande Sostenible action plan was designed in collaboration with the local government and the community.
A visual health campaign was carried out in Sierra Grande, Playas Doradas, and surrounding rural areas.
Training sessions for football coaches were held in Sierra Grande.
In Rincón de los Sauces, Plaza Huincul, and Sierra Grande, 155 people participated in waste management training.
Environmental Performance
Energy use
127,492,210 GJ
Total energy consumption within the organization
-8% VS. 2023
-9,6% VS. 2023 Consumption intensity
2,223,681 GJ
Energy consumption from renewable sources
(purchase to YPF LUZ)
-14% VS. 2023
55%
Renewable electricity as a percentage of total purchased from Cammesa (MEM)
0% VS. 2023 (1)
Emissions
11,293,340 tCO₂e
Scope 1 and 2 CO₂e – YPF
+0.3% VS. 2023
12.6 KgCO₂e/BOE
Scope 1 and 2 emissions – Unconventional Upstream
+8% VS. 2023
30 KgCO₂e/BOE
Scope 1 and 2 emissions – Total Upstream (with MdGAS)
-6% VS. 2023
Water use
31,713 MEGALITERS
Consumed water
+0.2% VS 2023
Intensity 0.62 2024
10.6%
Consumption in water stressed areas
-14% VS. 2024
132,650 MEGALITERS
Total produced water and flowback
-0.3% VS. 2023
Waste management
669.5 KT
Total generated waste
-11% VS. 2023
541.12 KT
Hazardous waste generated
-7% VS. 2023
17%
Waste sent for recovery
640 KT
Total treated waste
Biodiversity protection
100%
Of production sites have environmental impact studies, mitigation plans, and annual monitoring reports
Past Reports
Table of indicators
Policy
(*) YPF has a Code of Ethics and Conduct and an anti-corruption policy that establishes zero tolerance for bribery and corruption, which also applies to third parties interacting with the Company. YPF also provides four reporting channels available to its members and third parties to report situations and/or behaviors that may constitute an actual or potential breach of the Code of Ethics and Conduct and related policies. These channels guarantee confidentiality, security, the option of anonymity, and protection against retaliation for those who report in good faith. All reports received through the available channels are investigated. For this purpose, there is an internal confidential procedure that governs the investigation process. Once the investigation is carried out and concluded, if findings are identified, appropriate measures are taken, which may be classified as minor, moderate, or severe.
Social Performance