YPF Tổng quan cổ phiếu Giá, vốn hóa thị trường, P/E, EPS, ROE, nợ/vốn chủ sở hữu, phạm vi 52 tuần

03
Giá $49.67
P/E -17.1
EPS $-2.11
Doanh thu $18.45B
ROE -7.3%
Phạm vi 52 tuần $23–$58

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04
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05 · wikidata

YPF S.A. (Spanish pronunciation: ['i 'pe 'efe], formerly Yacimientos Petrolíferos Fiscales; English: "Fiscal Oilfields") is a vertically integrated, majority state-owned Argentine energy company, engaged in oil and gas exploration and production, and the transportation, refining, and marketing of gas and petroleum products. In the 2020 Forbes Global 2000, YPF was ranked as the 1360th largest public company in the world.

Founded in 1922 under President Hipólito Yrigoyen's administration, YPF was the first oil company established as a state enterprise outside of the Soviet Union, and the first state oil company to become vertically integrated.

YPF's first director was Enrique Mosconi, who took up his charge in 1922, remaining there until 1930. During his run on the company, Mosconi advocated economic independence and starting in 1928, nationalization of oil supplies; the latter, however, was never achieved due to a 1930 military coup against Yrigoyen backed by, among others, foreign oil interests.

YPF was privatized under president Carlos Menem and was bought by the Spanish firm Repsol in 1999; the resulting merged company was called Repsol YPF.

The renationalization of 51% of the firm was initiated in 2012 by President Cristina Fernández de Kirchner. The government of Argentina eventually agreed to pay $5 billion compensation to Repsol.

History

Early development

The company, specializing in the exploration, production, refining and commercialization of petroleum, had its origin in 1907, when oil was discovered near the city of Comodoro Rivadavia in Chubut. Following World War I, oil had become an important resource, leading to struggles between rival powers to gain control of it.

YPF was created by President of Argentina Hipólito Yrigoyen on 3 June 1922. It was the first entirely state-run oil company in the world, the second being the French Total founded in 1924 by the conservative Prime Minister Raymond Poincaré. YPF's creation was followed by the creation of ANCAP in Uruguay (1931), YPFB in Bolivia (1936), Pemex in Mexico (1938), ENAP in Chile (1950), and Petrobras in Brazil (1953). Mosconi served as YPF's first director.

YPF bought its first tanker in the United States in 1923, and built not only several extracting facilities, but whole towns and cities, such as Comodoro Rivadavia; Caleta Olivia in Santa Cruz; Plaza Huincul in Neuquén; and General Mosconi in Salta. Bolstered by production in Comodoro Rivadavia, the firm produced 2.2 million barrels in its first year of operation (1922); this represented over three-quarters of domestic production and nearly a fourth of Argentina's oil consumption that year. Contracts signed in 1923 with Bethlehem Steel allowed YPF to begin the production of gasoline and kerosene.

Mosconi, who had previously been in charge of the Aeronautics division of the Army, proposed to Joaquín Corvalán, governor of Salta Province, the exploitation of Salta's oil by YPF, offering 13% royalties for the province. Corvalán, allied with the Standard Oil of New Jersey, rejected Mosconi's proposal, however, referring to the concept of "provincial autonomy". This refusal led Mosconi to evolve in favor of the nationalization of oil supplies in order to strengthen Argentina's independence.

The first YPF oil refinery was inaugurated in December 1925 in La Plata, and was at the time the tenth largest in the world. According to Mosconi, this spawned the beginning of "the mobilization of all sort of resistance and obstacles" from the oil trusts, in particular from Standard Oil, which was one of the most influential foreign companies in Argentina, with a presence in Comodoro Rivadavia, Jujuy, and Salta.

The Chamber of Deputies approved a law on 28 September 1928, establishing a state monopoly on oil. The monopoly, however, was not absolute, being limited to oil exploration, exploitation and transport, but excluding selling and imports. Private firms opposed themselves to the law project, refusing to pay a 10% royalty. The bill was supported by President Marcelo Torcuato de Alvear but was ultimately blocked by the conservatives in the Senate.

Oil nationalization became an important theme of Yrigoyen's electoral campaign of 1928, although the Yrigoyenistas focused their criticism on Standard Oil of New Jersey, abstaining themselves from attacking British Empire interests, to which Argentina's economy was closely linked (in particular Royal Dutch Shell).

Following Yrigoyen's victory in the 1928 elections, YPF, still directed by Enrique Mosconi, reduced oil prices in May 1929, leading to the cheapest petroleum in the world and to an important increase in YPF's sales compared to its rival private companies, forcing them to also lower their prices. Mosconi also reduced the price of kerosene and agrochemicals to contribute to the development of the interior regions of Argentina. YPF produced 5.5 million barrels by 1929, and though its share of domestic output had declined to 58% (from 77% in 1923) amid a sharp rise of Esso and Royal Dutch Shell production in Chubut, the firm now covered a third of the nation's oil market. A partnership with distributor Auger & Co. signed in 1925 resulted in a network of over 700 filling stations selling 178 million liters (47 million gallons) by 1930 – an 18% market share. Company revenues in 1930 reached US$25 million.

The Petroleum Institute (Instituto del Petróleo) was created on 30 December 1929, and directed by Ricardo Rojas, the rector of the University of Buenos Aires. Foreseeing conflicts with US private companies, Mosconi proposed an agreement with the Soviet state company Amtorg, which was to allow Argentina to import 250,000 tons of petroleum each year, paid by trade with leather, wool, tannin and mutton. The agreement was to be made official in September 1930, along with the complete nationalization of oil resources; but on 6 September 1930, Yrigoyen was deposed by a military coup headed by General José Félix Uriburu, and the project was withdrawn.

Energy self-sufficiency

The coup was lobbied for chiefly by Standard Oil, whose interests in Salta Province and neighboring Bolivia conflicted with those of YPF. The subsequent Concordance regime supported YPF, however, and its role as the nation's leading oil distillates retailer was bolstered by a 1936 agreement with the Automóvil Club Argentino (ACA) to supply a chain of ACA service stations. Oil production by YPF continued to grow, and soon eclipsed private production: from just over 5 million barrels (37% of the total) in 1934, production grew to 15 million in 1945 (67%). The development of the nation's sizable natural gas resources also originated largely from YPF. Drawing from an initiative by YPF director Julio Canessa, President Juan Perón ordered that the gas flared off in YPF oil extraction should instead be captured, and sold by a state company, thus establishing the sister firm Gas del Estado ("State Gas") in 1946. The nation's first gas compressor and what at the time was the world's longest gas pipeline were completed by 1949, leading to a fifty-fold increase in natural gas production. Oil production at YPF surpassed 25 million barrels (84% of the nation's total) by 1955.

This gain was partly offset by a 40% drop in private-sector output, however, such that overall oil production rose by only one-third during the Peronist decade while annual consumption nearly doubled to 70 million barrels. The nation's oil supply thus shifted from 60% domestic in 1945, to 60% imported by 1954. Oil imports by 1955 rose to US$300 million, or over one fourth of total merchandise imports. Perón had made economic nationalism a policy centerpiece. YPF was granted an exemption from steep oil import tariffs levied on private firms, and Article 40 of the Constitution of 1949 stipulated the nationalization of all energy and mineral resources. The deteriorating oil deficit led Perón to court foreign investment in the sector as early as 1947, however, when an oil drilling contract was signed by YPF with U.S. firm Drilexco. Total exploration doubled, and significant reserves in Salta Province were developed. A more controversial joint venture with Standard Oil of California was signed in 1955 for the eventual production of up to 56 million barrels a year. These initiatives were opposed by much of the Army, the opposition UCR, and among others Perón's point man on national oil policy, YPF head Julio Canessa, who was dismissed. The venture ended following Perón's overthrow in September.

An erstwhile critic of both the Drilexco and Standard Oil contracts, President Arturo Frondizi enacted policies in 1958 which granted foreign firms rental contracts by YPF over new wells to foster exploration and production. A key part of the developmentalist economic policy advanced by Frondizi, this policy was made with the caveat that oil and gas resources themselves would be renationalized. Thirteen contracts were signed with mainly U.S. firms, whereby each contractor would earn 40% of the revenues produced from the new wells. Private production, which had virtually ceased, grew to become one third of the nation's total. YPF itself benefited by way of a royalty bonanza, which financed record investments. These in turn led a doubling of YPF production to 65 million barrels; including the private sector, Argentina's oil production thus nearly tripled to 98 million barrels by 1962, and despite higher consumption, imports fell to merely one sixth of total demand.

These contracts created a controversy referred to by Frondizi himself as the "oil battle," and were ultimately cancelled by President Arturo Illia in 1963 over concerns that YPF would be deprived of adequate returns for its exploration investments; of the foreign firms which had taken part in the 1958 bids, only Amoco remained. The cancellations cost US$50 million in indemnity payments, though they proved fortuitous after the company's discovery of the Puesto Hernández field in 1965. Puesto Hernández, near Rincón de los Sauces, Neuquén Province, was later declared the "national energy capital" due to its having at the time around half of Argentina's reserves of oil and natural gas. This discovery allowed YPF output to rise by 50% between 1965 and 1968 to 95 million barrels, its share of the nation's oil output growing from two-thirds to three-fourths. New oil field rental contracts were signed following a 1967 policy change enacted by President Juan Carlos Onganía which had the goal of achieving self-sufficiency in oil by 1975. Regaining its monopoly on oil imports in 1971 (which still averaged around 15 million barrels), YPF retained a majority of production (75%), as well as refining and distribution (60%), of petroleum in Argentina. The firm operated 7 refineries and 3,000 service stations by 1977, while production reached 118 million barrels.

Decline and privatization

Perón's return to Argentina and to the presidency in 1973 was followed by the addition of nearly 20,000 employees (YPF employed 53,000 by 1976). It also coincided with the 1973 oil shock, however, and the US$470 million in added oil import costs combined with larger payrolls to erase profits in 1974, while production declined slightly. The dictatorship installed in a March 1976 coup initially presided over a revitalization and streamlining of YPF. Output increased by 20% and its finances initially improved following a wave of layoffs that returned employment levels to around 35,000 by 1979.

The military government was openly hostile to YPF's paramount position in the oil industry, however. The company lost money every year after 1975 and by 1981 was US$4.1 billion in debt. YPF losses resulted, at least in large part, from policy decisions beyond its control. Government policy after 1976 kept oil prices well below inflation, with the consequence that costs increased faster than income. YPF also bore an extremely heavy tax burden, as 68.4% of its revenues were paid as tax to the national and provincial governments, as well as a long list of state agencies that included the National Energy Fund, the National Highway Council, and the Provincial Road Fund. Another serious drain resulted from the failure of other state enterprises such as Argentine Railways and the national airline to pay YPF for their fuel in full and on time. These intergovernmental accounts represented 20% of YPF's sales and were as much as ten years in arrears. The tax policy of the military government followed the same path as its civilian predecessors, a path that regarded YPF as a convenient source of funds to ease the country's chronic and serious fiscal deficit position.

The death in a helicopter crash of the firm's director, Raúl Ondarts, and the appointment of General Guillermo Suárez Mason in 1981 was followed by a period of severe mismanagement, moreover. Powerful as head of the First Army Corps (which committed many of the "Dirty War" atrocities), Suárez Mason installed many of his hard-line Army Intelligence colleagues in managerial posts at YPF. They in turn diverted large quantities of fuel into the director's newly established company Sol Petróleo, a dummy corporation used by Suárez Mason and his appointees for embezzlement as well as to divert funds to the Contras and the fascist organization P2 (to which the director belonged).

Suárez Mason had YPF borrow heavily not only to cover such asset stripping but also at the behest of Economy Minister José Alfredo Martínez de Hoz, whose bid for currency strength and policy of financial deregulation required a sharp rise in foreign debt to maintain. YPF debts thus rose 142-fold during Suárez Mason's tenure, at the end of which in 1983 the company recorded a US$6 billion loss (the largest in the world at the time).

YPF nonetheless remained the 365th largest firm in the world, with sales of over US$4 billion in 1992. Argentine President Carlos Menem initiated the privatization of YPF through an IPO on the New York and other stock exchanges on 28 June 1993, at a value of US$3 billion for stock equal to a 45% share in the company. During the 18 months prior to the IPO, YPF underwent a massive restructuring process led by its new CEO José Estenssoro, who had been appointed by President Menem. The staff of YPF was reduced from 52,000 to 10,600 through layoffs agreed with unions and outsourcing of services to companies established by former YPF employees during the restructuring process. The financial bottom line for the company was increased from a loss about $1 billion in 1991 (although the accounting system at the time could not accurately compute actual profit) to a profit of $1 billion in 1993, and the underlying value of YPF was increased from about US$2 billion to the US$9 billion after privatization.

Estenssoro stayed on as CEO, and further streamlined the company while expanding its reach outside Argentina, acquiring Maxus Energy Corporation of Dallas for US$740 million in 1995. Estenssoro died in a plane crash in Ecuador, where Maxus maintained wells, in May of that year. His policy of high exploration investments was maintained by his successor, Nells León, and reserves expanded by 50% while production rose from 109 million barrels in 1993 to a record 190 million in 1998; of the latter total, 32 million were produced by Maxus operations in Ecuador and elsewhere.

Repsol acquisition

Madrid-based multinational corporation Repsol purchased 98% of YPF in 1999 in two stages: a 15% share sold by the national government for US$2 billion, and a further 83% for over US$13 billion including all remaining public sector shares (10%, equally divided between the nation and the provinces) as well as most of the outstanding investor shares. The union of the two companies took on the name Repsol YPF; YPF would represent 40% of the new firm's reserves and over 50% of its production.

The Petersen Group (property of the Eskenazi family of Buenos Aires) entered into a partnership with Repsol in 2007 by acquiring a 15% stake in YPF; the group bought another 10% of the company for US$1.3 billion on 4 May 2011. A majority of the firm's shares (58%) remained under the control of Repsol, while 16% remained in private portfolios; the Argentine Government retained the golden share. In 2014, Repsol exited the Argentine market, giving up its stake in YPF.

Renationalization

Argentine international energy trade recorded an imbalance of US$3 billion in 2011, the first negative figure since 1987, and the relationship between YPF and the government became difficult. Investment in exploration at YPF as a percentage of profits had been far below those in most other Repsol subsidiaries. Market analysts and Repsol blamed the decline in exploration and production on government controls on exports and prospecting lease awards, and price controls on domestic oil and gas. Political risks and government intervention, including price controls, have discouraged foreign investment in oil production in Latin America in general. President Cristina Fernández de Kirchner raised YPF frequently in speeches during March 2012, claiming that underinvestment and excessive dividends at the firm had caused declines in output. Governors in six fossil-fuel producing provinces subsequently revoked YPF leases representing a fifth of its oil production.

Citing Brazilian oil giant Petrobras as an example, the president announced the introduction of a bill on 16 April 2012, for the renationalization of YPF: the national government would purchase a controlling 51% share, with ten provincial governments receiving the remaining 49%. Planning Minister Julio de Vido was appointed to head the Federal intervention, replacing CEO Sebastián Eskenazi. Repsol YPF CEO Antonio Brufau, Spanish Prime Minister Mariano Rajoy, and other Spanish officials objected to the nationalisation, accusing the Argentine government of driving down YPF shares ahead of the announcement (market price of the shares declined by over half from February to April). Economy Minister Hernán Lorenzino claimed in turn that asset stripping at YPF had financed Repsol's expansion in other parts of the world.

Responses included a diplomatic offensive by Rajoy in other countries in the region, assurances by Industry Minister José Manuel Soria of "clear and decisive" Spanish government measures, Foreign Minister José García-Margallo y Marfil's admonition that Argentina had "shot itself in the foot" by damaging relations with Spain, and other threats.

The Chinese state oil concern, Sinopec, was reported to have been in talks to buy out Repsol's share in YPF – a potential deal scuttled by the Argentine announcement. Both Repsol and YPF shares fell sharply before and after the announcement, and the cost of insuring Argentine government bonds against default rose, as did those of Spain. Repsol Chairman Brufau estimated the company's potential loss at €5.7 billion (US$7.5 billion).

The largest minority shareholder, the Petersen Group, had financed their initial purchase of 15% of the stock with a vendor's loan from Repsol for €1.5 billion. The 2008 agreement required Repsol to buy back shares owned by the Group and to assume the loan should the Madrid-based firm lose majority control of YPF. Sebastián Eskenazi indicated however that the group would forgo this option.

The Senate of Argentina approved the takeover on 26 April with 63 votes in favor of the measure, three opposing it and four abstentions. The Chamber of Deputies in turn approved the bill on 4 May with 208 votes out of 257 and six abstentions. The president signed the renationalization into law on 5 May. Miguel Galluccio, an Argentine petroleum engineer with experience at both YPF and at oilfield services leader Schlumberger as president of its production management division in London, was appointed CEO.

Argentine Deputy Economy Minister Axel Kicillof rejected Repsol's initial demands for payment of US$10.5 billion for a 57% stake in YPF (the state sought 51%), citing debts of nearly US$9 billion. The book value of YPF was US$4.4 billion at the end of 2011; its total market capitalization on the day of the announcement was US$10.4 billion. Repsol officials submitted the matter to the World Bank ICISD for arbitration. The Argentine government and Repsol reached agreement in principle on compensation in November 2013, and on 25 February 2014, Repsol announced final agreement that the Argentine government would provide Repsol with guaranteed Argentine government bonds of varying maturities, the nominal amount varying to assure that Repsol would in fact receive US$5 billion in compensation for the 51% of YPF nationalized.

YPF also acquired a controlling stake in Metrogas (the nation's largest gas distributor) in November 2012. A joint exploratory venture for the development of tight oil and shale gas at the Vaca Muerta field was signed with Chevron Corporation on 16 July 2013. Following its renationalization, rapidly rising investment levels at YPF have been funded mostly via internal financing, by Chevron, and by the periodic issuance of high-yield corporate bonds. These bond issuances were raised to US$1.5 billion per series in April 2015, as demand surged to US$4 billion.

In December 2019, the recently inaugurated President Alberto Fernández put Guillermo Nielsen in charge of YPF. Nielsen was replaced by Pablo Gerardo González in January 2021.

Reprivatization plans

President-elect Javier Milei stated after his election in 2023 that YPF was one of the state-controlled companies that he planned to privatize.

In August 2026, YPF agreed to sell its 70% stake in Metrogas, the gas distributor it had acquired in 2012, to Edenor for US$780 million, as part of a broader review of its asset portfolio. Businessman José Luis Manzano, who controlled Edenor and already held a minority stake in Metrogas, prevailed over rival biddersa Central Puerto, MSU, Grupo Pierri, and Litoral Gas. The sale remained subject to regulatory approval and a subsequent tender offer for the shares not held by Edenor.

Operations

The company remained the largest in its sector in Argentina despite declining production, operating 52% of the nation's refinery capacity in three facilities and 1,600 filling stations. Its sales of gasoline and other motor fuels totaled 12.15 billion liters (3.21 billion gallons) in 2011, accounting for 57% of the national market.

Oil production in Argentina peaked in 1998 at 308 million barrels and declined steadily afterward, reaching 209 million in 2011. Natural gas production also declined, from 52 billion m3 in 2004 to 45.5 billion. The company's production of oil had fallen by 43% between 1998 and 2011, and of natural gas by 37% from its high in 2004. Oil exploration fell from 30 wells in 1998 to 8 in 2010 (French energy firm Total S.A. overtook YPF as the leading oil driller in Argentina).

YPF shares of total output fell 8 points to 34% in oil, and 12 points to 23% in natural gas; its declines in output represented 54% of lost oil production and 97% in the case of natural gas. The company's oil production had declined by a further 7%, and gas by 9%, during 2011. Production declines of 6% annually under Repsol were reversed following the renationalization, however. Amid sharp increases in profitability and investment, output in 2013 rose by 3.4% in oil and a 2.2% in gas, and a further 8.7% and 12.5% in oil and gas, respectively, during 2014.

YPF announced the discovery in November 2011 of an 8071 km2 unconventional oil field, Vaca Muerta, with recoverable reserves of 22.8 billion barrels of oil equivalent, and potential to extend to an area of up to 30,000 km2 (11,600 mi2). Its reserves of crude and natural gas, not including the new shale finds, fell 60% and 67% respectively between 1999 and 2011.

The firm's new headquarters, the Repsol-YPF Tower, was designed by César Pelli and inaugurated in 2008. After YPF's renationalization it was renamed to YPF Tower.

Company statistics

Notes: unless specified. Three year periods are averages. Output data from 1995 to 2011 includes Maxus Energy and other overseas units, typically around 20% of YPF's worldwide total. Exchange rate from IMF.* excludes Maxus Energy.

Nguồn: Wikipedia (Tiếng Anh), CC BY-SA 4.0 · Xem trên Wikipedia ↗

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Hiệu suất 10 năm Xu hướng Doanh thu, Lợi nhuận ròng, Biên lợi nhuận và EPS

06
Doanh thu$18.45B
2016-12-31 → 2025-12-31
EPS$-2.11
2021-12-31 → 2025-12-31
Dòng tiền tự do·
2017-12-31 → 2018-12-31
Biên lợi nhuận ròng-4.5%
2017-12-31 → 2025-12-31
Định giá & Tỷ lệ 07–12

Định giá Tỷ lệ P/E, P/S, P/B, EV/EBITDA — cổ phiếu này đắt hay rẻ?

Chỉ Số Xu hướng 5 năm YPF TBC 5 năm Trung vị ngành Kết luận
P/E -17.1TBC 5 năm ≈8.2 ≈8.2 · ·

Trung vị ngành được tính toán trên cơ sở tiêu chuẩn hóa cho mỗi chỉ số và có thể không luôn khớp với cơ sở TTM/MRQ được hiển thị cho cổ phiếu này.

giá trị · ≈ trung bình 5 năm · trung vị ngành · đánh giá so với trung vị

Cổ tức Tỷ suất cổ tức, tỷ lệ chi trả, lịch sử cổ tức, CAGR 5 năm

13
Chi trả hàng năm≈$0.14Thanh toán hàng năm
Ngày giao dịch không hưởng quyềnSố tiềnTiền tệLợi suất
Tháng 7 9, 2019$0,14USD≈1.2%
Tháng 12 24, 2018$0,08USD≈0.65%
Tháng 7 3, 2017$0,11USD≈0.50%
Tháng 7 1, 2016$0,15USD≈0.78%
Tháng 7 22, 2015$0,14USD≈0.58%
Tháng 7 3, 2014$0,15USD≈0.42%
Tháng 8 23, 2013$0,15USD≈0.89%
Tháng 11 15, 2012$0,16USD≈1.6%
Tháng 11 9, 2011$1,68USD≈10.0%
Tháng 5 3, 2011$1,72USD≈7.7%
Tháng 11 10, 2010$1,47USD≈7.0%
Tháng 4 21, 2010$1,42USD≈6.8%
Tháng 11 9, 2009$1,61USD≈8.9%
Tháng 5 11, 2009$1,70USD≈12.2%
Tháng 11 13, 2008$1,92USD≈15.8%
Tháng 5 7, 2008$2,06USD≈12.1%
Tháng 2 26, 2008$3,41USD≈8.6%
Tháng 3 16, 2007$1,93USD≈4.7%
Tháng 5 10, 2006$1,97USD≈7.0%
Tháng 11 18, 2005$1,49USD≈6.7%

Lịch sử Thu nhập EPS thực tế so với ước tính, tỷ lệ %, tỷ lệ vượt, ngày báo cáo thu nhập tiếp theo

14
Bất ngờ trung bình -105.4%
KỳBáo cáoEPS ActualEPS dự kiếnBất ngờ
Ngày 30 tháng 6 năm 2026 $437.04 $630.70 -30.7%
Ngày 31 tháng 12 năm 2025 $-2369.73 — —
Ngày 30 tháng 6 năm 2025 $171.83 — —
Ngày 31 tháng 12 năm 2024 $-791.84 $403.30 -296.3%
Ngày 30 tháng 9 năm 2024 $3552.91 $1176.80 201.9%
Ngày 31 tháng 3 năm 2024 $-791.84 $403.30 -296.3%

Các chỉ số Cơ bản Đầy đủ Tất cả các chỉ số theo năm — báo cáo kết quả hoạt động kinh doanh, bảng cân đối kế toán, báo cáo lưu chuyển tiền tệ

15
Báo cáo kết quả hoạt động kinh doanh 14
Chỉ Số Xu hướng 2025202420232022202120202019201820172016
Revenue $18.45B$19.29B$17.31B$18.76B$13.68B$9.69B$678.60B$435.82B$252.81B$210.10B
Cost of Revenue $13.35B$13.91B$13.85B$13.68B$10.63B$8.66B$575.61B$359.57B$211.81B$177.30B
Gross Profit $5.10B$5.38B$3.46B$5.07B$3.05B$1.03B$102.99B$76.25B$41.00B$32.80B
R&D Expense $28M$40M$23M$27M$19M$22M$1.26B$700M$449M$400M
Operating Income $1.74B$1.48B$-1.25B$2.48B$699M$-804M$-21.01B$43.78B$16.07B$-24.25B
Interest Expense $677M$670M$686M$668M$749M$915M$48.14B$28.72B$18.39B$18.11B
Interest Income $105M$134M$334M$320M$904M$1.49B$93.41B$100.08B$17.62B$16.76B
Pretax Income $910M$1.02B$-1.66B$3.06B$715M$-837M$-7.01B$90.14B$8.70B$-29.80B
Income Tax $1.71B$-1.37B$-381M$822M$699M$184M$26.37B$51.54B$-3.97B$-1.43B
Net Income $-826M$2.35B$-1.31B$2.23B$26M$-1.00B$-34.07B$38.61B$12.34B$-28.24B
EPS (Basic) $-2.11$5.99$-3.35$5.67$0.07·····
EPS (Diluted) $-2.11$5.99$-3.35$5.67$0.07·····
Shares (Basic) 391,952,016392,088,496391,722,944392,719,453392,792,602392,555,569392,314,842392,302,437392,625,259391,497,615
EBITDA $1.74B$1.48B$-1.25B$2.48B$58.17B$-58.40B$-21.01B$43.78B$16.07B·
Bảng cân đối kế toán 11
Chỉ Số Xu hướng 2025202420232022202120202019201820172016
Cash & Equivalents $933M$1.12B$1.12B$773M$611M$650M$1.11B$46.03B$28.74B$10.76B
Inventory $1.45B$1.55B$1.68B$1.74B$1.50B$1.19B$1.35B$53.32B$27.15B$21.81B
Current Assets $6.48B$6.79B$4.43B$5.14B$4.54B$3.90B$309.42B$208.41B$122.30B$87.23B
PP&E (Net) $19.09B$18.74B$17.71B$17.51B$16.00B$16.41B$1.07T$699.09B$354.44B$308.01B
Intangibles $1.07B$491M$367M$384M$419M$465M$37.18B$20.40B$9.98B$8.11B
Total Assets $29.44B$29.39B$25.04B$25.91B$23.29B$22.88B$1.57T$994.02B$505.72B$421.14B
Accounts Payable $2.24B$2.88B$2.32B$2.56B$1.96B$1.72B$148.59B$84.22B$45.91B$41.58B
Current Liabilities $7.44B$8.68B$4.92B$4.78B$3.81B$4.41B$314.87B$178.97B$102.73B$82.47B
Total Liabilities $18.39B$17.52B$15.98B$15.36B$15.03B$14.75B$1.03T$631.66B$353.19B$302.48B
Retained Earnings ·$7.15B$4.45B$5.95B$3.65B$3.52B····
Stockholders' Equity $10.81B$11.65B$8.95B$10.45B$8.18B$8.06B$542.55B$359.20B$152.29B$118.75B
Dòng tiền 7
Chỉ Số Xu hướng 2025202420232022202120202019201820172016
Operating Cash Flow $4.96B$5.87B$5.91B$5.69B$4.20B$2.92B$217.14B$125.06B$71.97B$49.18B
CapEx ·······$11.56B$6.02B$6.56B
Investing Cash Flow $-5.53B$-5.51B$-5.33B$-4.02B$-2.55B$-1.52B$-163.88B$-82.25B$-55.24B$-66.17B
Dividends Paid ····$0$0$2.30B$1.20B$716M$889M
Financing Cash Flow $517M$-293M$278M$-1.23B$-1.60B$-1.70B$-56.08B$-43.66B$-355M$10.82B
Free Cash Flow ·······$113.50B$65.95B·
Levered FCF ·······$101.20B$39.19B·
Khả năng sinh lời 8
Chỉ Số Xu hướng 2025202420232022202120202019201820172016
Gross Margin 27.7%27.9%20.0%27.1%19.1%6.4%15.2%17.5%16.2%·
Operating Margin 9.4%7.7%-7.2%13.2%4.6%-8.7%-3.1%10.1%6.4%·
Net Margin -4.5%12.2%-7.6%11.9%0.02%-10.4%-5.0%8.9%4.9%·
Pretax Margin 4.9%6.1%-1.5%16.3%5.0%-8.4%-1.0%20.7%3.4%·
EBITDA Margin 9.4%7.7%-7.2%13.2%4.6%-8.7%-3.1%10.1%6.4%·
ROA -2.8%8.6%-5.1%9.1%0.02%-4.0%-2.6%5.1%2.7%·
ROE -7.3%22.8%-13.5%23.9%0.06%-11.4%-7.6%15.1%9.1%·
ROIC -14.1%25.7%-69.3%17.4%-0.09%-10.8%-18.4%5.2%15.4%·
Thanh khoản & Khả năng thanh toán 3
Chỉ Số Xu hướng 2025202420232022202120202019201820172016
Current Ratio 0.90.80.91.11.20.91.01.21.2·
Quick Ratio 0.10.10.20.20.20.10.20.30.3·
Interest Coverage 2.62.2-1.63.50.8-0.9-0.41.50.9·
Hiệu quả 2
Chỉ Số Xu hướng 2025202420232022202120202019201820172016
Asset Turnover 0.60.70.70.81.10.40.50.60.5·
Inventory Turnover 8.98.68.18.513.312.38.68.98.6·
Trên mỗi Cổ phiếu 1
Chỉ Số Xu hướng 2025202420232022202120202019201820172016
EPS (TTM) $-2.11$5.99$-3.35$5.67$0.07·····
Định giá (TTM) 6
Chỉ Số Xu hướng 2025202420232022202120202019201820172016
Revenue TTM $18.45B$19.29B$17.31B$18.76B$13.68B$9.69B$678.60B$435.82B$252.81B·
Net Income TTM $-826M$2.35B$-1.31B$2.23B$26M$-1.00B$-34.07B$38.61B$12.34B·
P/E -17.17.1-5.11.654.6·····
Earnings Yield -5.8%14.1%-19.5%61.7%1.8%·····
Payout Ratio ····0.00%·-6.8%3.1%5.8%·
Annual Payout ····$0$0$2.30B$1.20B$716M·

Kỳ gần nhất ở bên trái · giá trị null được hiển thị dưới dạng ·

Báo cáo tài chính Báo cáo kết quả hoạt động kinh doanh, Bảng cân đối kế toán, Báo cáo lưu chuyển tiền tệ — hàng năm, 5 năm gần nhất

16
Chỉ Số 2025-12-312024-12-312023-12-312022-12-312021-12-31
Doanh thu $18.45B $19.29B $17.31B $18.76B $13.68B
Biên lợi nhuận gộp % 27.7% 27.9% 20.0% 27.1% 19.1%
Biên lợi nhuận hoạt động % 9.4% 7.7% -7.2% 13.2% 4.6%
Thu nhập ròng $-826M $2.35B $-1.31B $2.23B $26M
EPS pha loãng $-2.11 $5.99 $-3.35 $5.67 $0.07

Chủ sở hữu tổ chức (13F) 209 người nộp hồ sơ · $3.0B tổng cộng · Tính đến Ngày 30 tháng 6 năm 2026

17

Các tổ chức báo cáo nắm giữ cổ phiếu này trong Mẫu 13F hàng quý của SEC. Chỉ các vị thế mua; một người nộp hồ sơ có thể xuất hiện hai lần cho các hợp đồng quyền chọn riêng biệt. Các vị thế quyền chọn bán/quyền chọn mua bù trừ lớn thường phản ánh hoạt động tạo lập thị trường hoặc hàng tồn kho được phòng ngừa rủi ro, không phải sự tin tưởng vào xu hướng.

Người nắm giữ 209
Giá trị nắm giữ $3.0B
Các vị thế mới 44
Các vị thế đã đóng 20
Hoạt động của tổ chức — Q2 2026 so với quý trước
Các vị thế mới Các vị thế đã đóng Tăng Giảm Thay đổi ròng cổ phiếu
44 (-18 so với Quý trước) 20 (+2 so với Quý trước) 67 (+19 so với Quý trước) 57 (+11 so với Quý trước) +11.9M

So với Q1 2026. Các hồ sơ Mẫu 13F của SEC phải nộp trong vòng 45 ngày kể từ ngày kết thúc quý cộng thêm một khoảng thời gian ngắn cho những người nộp muộn — các quý vẫn còn trong khoảng thời gian đó sẽ bị bỏ qua để ưu tiên cặp báo cáo đầy đủ gần nhất.

Tổ chức Giá trị Cổ phiếu % của 13F được theo dõi Loại
Aquamarine Financial (Cayman) Ltd $565871786 12444948 18,91% Cổ phiếu
FMR LLC $486779813 10705516 16,27% Cổ phiếu
JPMORGAN CHASE & CO $211025095 4663538 7,05% Cổ phiếu
North of South Capital LLP $182951364 4023562 6,11% Cổ phiếu
VR Advisory Services Ltd $146931576 3231396 4,91% Cổ phiếu
SUSQUEHANNA INTERNATIONAL GROUP, LLP $101984663 2242900 3,41% Quyền chọn mua
PING CAPITAL MANAGEMENT, INC. $73274905 1611500 2,45% Cổ phiếu
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $73053148 1606623 2,44% Cổ phiếu
MORGAN STANLEY $68894957 1515173 2,30% Cổ phiếu
BNP PARIBAS FINANCIAL MARKETS $67379538 1481846 2,25% Cổ phiếu
Russell Investments Group, Ltd. $67125203 1476250 2,24% Cổ phiếu
SUSQUEHANNA INTERNATIONAL GROUP, LLP $56728372 1247600 1,90% Quyền chọn bán
JANE STREET GROUP, LLC $46515810 1023000 1,55% Quyền chọn mua
OAKTREE CAPITAL MANAGEMENT LP $45076502 991346 1,51% Cổ phiếu
JANE STREET GROUP, LLC $36030473 792401 1,20% Cổ phiếu
JANE STREET GROUP, LLC $34057030 749000 1,14% Quyền chọn bán
Equinox Partners Investment Management LLC $32474674 714200 1,09% Cổ phiếu
TWO SIGMA INVESTMENTS, LP $31554589 693965 1,05% Cổ phiếu
Grantham, Mayo, Van Otterloo & Co. LLC $30311211 666620 1,01% Cổ phiếu
RWC Asset Management LLP $30036982 660589 1,00% Cổ phiếu
Walleye Trading LLC $29619158 651400 0,99% Quyền chọn bán
BlackRock, Inc. $28790058 633166 0,96% Cổ phiếu
DISCOVERY CAPITAL MANAGEMENT, LLC / CT $27508986 604992 0,92% Cổ phiếu
Walleye Trading LLC $26204361 576300 0,88% Quyền chọn mua
MASTERS CAPITAL MANAGEMENT LLC $22735000 500000 0,76% Quyền chọn mua
PEAK6 LLC $19411143 426900 0,65% Quyền chọn mua
CITADEL ADVISORS LLC $18788204 413200 0,63% Quyền chọn bán
Capital Wealth Planning, LLC $18008075 396043 0,60% Cổ phiếu
CITADEL ADVISORS LLC $16673849 366700 0,56% Quyền chọn mua
BARCLAYS PLC $15617490 343468 0,52% Cổ phiếu
Bridgewater Associates, LP $15069349 331413 0,50% Cổ phiếu
Gemsstock Ltd. $14445774 317699 0,48% Cổ phiếu
PEAK6 LLC $13786504 303200 0,46% Quyền chọn bán
UBS Group AG $13058211 287183 0,44% Cổ phiếu
MILLENNIUM MANAGEMENT LLC $12786846 281215 0,43% Cổ phiếu
LMR Partners LLP $12313276 270800 0,41% Quyền chọn mua
RWC ASSET ADVISORS (US) LLC $12216470 268671 0,41% Cổ phiếu
Qube Research & Technologies Ltd $12184141 267960 0,41% Cổ phiếu
Brevan Howard Capital Management LP $11780280 258000 0,39% Cổ phiếu
Kapitalo Investimentos Ltda $11713618 257612 0,39% Cổ phiếu
LMR Partners LLP $11376594 250200 0,38% Quyền chọn bán
Candriam S.C.A. $11347478 249800 0,38% Cổ phiếu
HSBC HOLDINGS PLC $10795892 235051 0,36% Cổ phiếu
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. $10612107 233387 0,35% Cổ phiếu
MARSHALL WACE, LLP $10096750 222053 0,34% Cổ phiếu
GLOBEFLEX CAPITAL L P $10073606 221544 0,34% Cổ phiếu
CITADEL ADVISORS LLC $9552747 210089 0,32% Cổ phiếu
Banco BTG Pactual S.A. $9094000 200000 0,30% Quyền chọn mua
Banco BTG Pactual S.A. $9094000 200000 0,30% Quyền chọn bán
GOLDMAN SACHS GROUP INC $8863649 194934 0,30% Cổ phiếu

Hiển thị tất cả 209 chủ sở hữu tổ chức →

Nhà hoạt động & chủ sở hữu %5+ 16 khoản nắm giữ

18

Các nhà đầu tư đã nộp Mẫu 13D của SEC — quyền sở hữu hưởng lợi trên %5 với ý định ảnh hưởng đến tổ chức phát hành (cổ phần của nhà hoạt động, chiến dịch hội đồng quản trị, M&A). Mỗi hàng hiển thị trạng thái gần đây nhất đã biết về vị thế của người nộp hồ sơ đó.

Người nộp hồ sơ Đã nộp Cổ phần Trạng Thái Mục đích Hồ sơ
Repsol, S.A. ×2 hồ sơ Ngày 07 tháng 5 năm 2014 · Hồ sơ ban đầu · SEC
YPF Sociedad Anónima, YPF Inversora Energética S.A., Gas Argentino S.A. Ngày 14 tháng 5 năm 2013 · Hồ sơ ban đầu · SEC
Ngày 09 tháng 11 năm 2012 · Hồ sơ ban đầu · SEC
Ngày 15 tháng 6 năm 2012 · Hồ sơ ban đầu · SEC
Ngày 01 tháng 6 năm 2012 · Hồ sơ ban đầu · SEC
Ngày 18 tháng 5 năm 2012 · Hồ sơ ban đầu · SEC
REPSOL YPF, S.A. ×9 hồ sơ Ngày 17 tháng 5 năm 2012 · Hồ sơ ban đầu · SEC
Ngày 26 tháng 4 năm 2012 · Hồ sơ ban đầu · SEC
Ngày 20 tháng 5 năm 2011 · Hồ sơ ban đầu · SEC
Petersen Inversiones Spain, S.A., Petersen Energía Inversora S.A., Petersen Energía Inversora, S.A., Petersen Energía Inversora Holdings, S.A., Enrique Eskenazi, Sebastián Eskenazi, Matías Eskenazi Storey, Ezequiel Eskenazi Storey, Petersen Energía Inversora Holding GmbH, Petersen Energía Pty Ltd. Ngày 05 tháng 5 năm 2011 · Hồ sơ ban đầu · SEC
Ngày 16 tháng 12 năm 2008 · Hồ sơ ban đầu · SEC
Enrique Eskenazi, Sebastián Eskenazi, Matías Eskenazi Storey, Ezequiel Eskenazi Storey, Petersen Energía Inversora, S.A., Petersen Energía Inversora Holding GmbH Ngày 18 tháng 11 năm 2008 · Hồ sơ ban đầu M&A / bán SEC
Petersen Energía Inversora, S.A., Enrique Eskenazi, Sebastián Eskenazi, Matías Eskenazi Storey, Ezequiel Eskenazi Storey ×3 hồ sơ Ngày 29 tháng 9 năm 2008 · Hồ sơ ban đầu · SEC
Ngày 06 tháng 5 năm 2008 · Hồ sơ ban đầu · SEC
Ngày 11 tháng 3 năm 2008 · Hồ sơ ban đầu · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Người nội bộ công ty 23 người nội bộ · 20 giám đốc điều hành · 3 giám đốc

19
Người nội bộ Vai trò Hoạt động cuối cùng Cổ phiếu sở hữu Mua 12 tháng Bán 12 tháng Ròng 12 tháng
Horacio Daniel Marin Board Chairman and CEO Ngày 31 tháng 8 năm 2026 F 1274363 1 0 $131634
Tanoira Santiago Martinez LNG & Integr. Gas Exec. VP Ngày 01 tháng 10 năm 2026 A 699766 0 0 $0
Matias Osvaldo Farina Upstream Executive VP Ngày 01 tháng 10 năm 2026 A 680806 2 0 $401296
Gustavo Maria Gallino Infrastructure Vice-Presidency Ngày 01 tháng 10 năm 2026 A 176847 0 0 $0
Florencia Tiscornia People & Culture VP Ngày 01 tháng 10 năm 2026 A 321057 0 0 $0
Walter Ariel Actis Supply Chain VP Ngày 01 tháng 10 năm 2026 A 243380 0 0 $0
Lahore German Vito Fernandez Legal Affairs Corp. VP Ngày 01 tháng 10 năm 2026 A 282860 0 0 $0
Juan Jose Mata Admin. & Reporting VP Ngày 01 tháng 10 năm 2026 A 106241 0 0 $0
Mauricio Alejandro Martin Midstrm. & Downstrm. Exec. VP Ngày 01 tháng 10 năm 2026 A 100834 0 2 $-149547
Pedro Luis Kearney Finance Vice-Presidency Ngày 01 tháng 10 năm 2026 A 199225 0 0 $0
Carlos Alejandro Berto Reserves Auditor Ngày 01 tháng 10 năm 2026 A 21518 0 0 $0
Marcelo Gustavo Aldeco Labor Relations VP Ngày 01 tháng 10 năm 2026 A 61624 0 1 $-554676
Alejandro Luis Wyss Technology Vice-Presidency Ngày 01 tháng 10 năm 2026 A 183983 0 0 $0
Maximiliano Pedro Westen Strategy & New Bus. VP Ngày 01 tháng 10 năm 2026 A 171741 0 0 $0
Andres Marcelo Scarone New Energies Vice-Presidency Ngày 01 tháng 10 năm 2026 A 144828 0 0 $0
Ariel Polotnianka Chief Audit Officer Ngày 01 tháng 10 năm 2026 A 5417 0 0 $0
Guillermo Andres Filiberto Pitrelli Quality, Env. & Safety VP Ngày 01 tháng 10 năm 2026 A 356682 0 0 $0
Guillermo Jose Garat Corp. Affairs & Mktg VP Ngày 01 tháng 10 năm 2026 A 138239 0 0 $0
Lisandro Deleonardis Public Affairs Vice-Presidency Ngày 01 tháng 10 năm 2026 A 182429 0 0 $0
Maria De Las Mercedes Archimbal Chief Complience Officer Ngày 31 tháng 8 năm 2026 F 27572 0 0 $0
Maria Martina Azcurra Giám đốc Ngày 01 tháng 10 năm 2026 A 193803 0 0 $0
Silvia Noemi Ayala Giám đốc Ngày 31 tháng 8 năm 2026 F 28702 0 0 $0
Martin Maquieyra Giám đốc Ngày 29 tháng 6 năm 2026 S 0 1 1 $-6132

Người nội bộ từ hồ sơ SEC Mẫu 3/4/5; ròng = chỉ giao dịch mua/bán trên thị trường mở

Quyền sở hữu ETF Được nắm giữ bởi 5 quỹ ETF

20

Tỷ trọng chỉ phản ánh các khoản nắm giữ cổ phiếu trực tiếp (N-PORT); các quỹ đòn bẩy hoặc dựa trên công cụ phái sinh có thể nắm giữ thêm các khoản tiếp xúc hoán đổi không được hiển thị.

Quỹ Tỷ trọng Đơn vị Tính đến Nguồn
ARGT · Global X Funds 9,62% 1550751 NS Ngày 31 tháng 7 năm 2026 N-PORT
FFEM · Fidelity Covington Trust 0,58% 6904 NS Ngày 31 tháng 7 năm 2026 N-PORT
JADE · J.P. Morgan Exchange-Traded Fund Tr… 0,33% 1903 NS Ngày 31 tháng 7 năm 2026 N-PORT
FFGX · Fidelity Covington Trust 0,17% 1803 NS Ngày 31 tháng 7 năm 2026 N-PORT
JEMA · J.P. Morgan Exchange-Traded Fund Tr… 0,06% 17999 NS Ngày 31 tháng 7 năm 2026 N-PORT

YPF Sự đồng thuận của nhà phân tích Ý kiến phân tích lạc quan và bi quan, mục tiêu giá 12 tháng, tiềm năng tăng giá

21
Xếp hạng · 12 nhà phân tích MUA
Mục tiêu trung vị $60.00 +20,8%
4 33,3% Mua mạnh
7 58,3% Mua
1 8,3% Giữ
0 0,0% Bán
0 0,0% Bán mạnh

Mục tiêu giá 12 tháng

12 nhà phân tích · 2026-09-29

Mục tiêu trung bình $61.38 +23,6%

← Dưới tất cả các mục tiêu Giá hiện tại $49.67
Thấp$50.00 Trung bình$61.38 Cao$78.00

Các chỉ số của tôi Danh sách theo dõi cá nhân của bạn — các hàng đã chọn từ Báo cáo tài chính đầy đủ

26

Chọn các chỉ số quan trọng với bạn — nhấp vào dấu + bên cạnh bất kỳ hàng nào trong Phần Cơ bản Đầy đủ ở trên.

Lựa chọn của bạn đã được lưu và sẽ đi theo bạn trên tất cả các mã cổ phiếu.

Nguồn: SEC 20-F đã nộp Tháng 3 26, 2026