Argentina’s YPF (New York Stock Exchange:YPF) reported Thursday Fourth quarter net profit jumped 69% Revenue increased 24% year-over-year to $4.65 billion, up to $464 million from the same period last year, driven by higher volumes and prices.
Fourth Quarter Crude Oil Production Increases At 232,000 barrels per day, up 3% from the previous quarter, natural gas production was down 7% due to lower seasonal demand.
The benchmark Brent crude oil price averaged $88.60 a barrel during the quarter, according to YPF.
Operating expenses in the fourth quarter surged 29% year over year, primarily due to the impact of foreign exchange on the Argentine peso and global inflation.
YPF (YPF) reports a record annual net profit of $2.2 billion, annual EBITDA growth of 27% to nearly $5 billion, and gross annual production up 7% from 2021 to 503,000 boe/day became.
YPF (YPF) Stocks have recently corrected after a big rally in 2022, but valuations remain attractive, writes Mike Zaccardi Analysis recently published in Seeking Alpha.
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