Latest news with #YPF
DW
2 days ago
- Politics
- DW
Pope Leo XIV welcomes Argentine President Milei to Vatican – DW – 06/07/2025
Pope Leo XIV welcomed Javier Milei and reportedly agreed to visit Argentina. Leo's predecessor Francis was an Argentine who often clashed with Milei and never visited his home country during his 12-year papacy. Pope Leo XIV on Saturday welcomed Argentina's President Javier Milei to the Vatican, which released an official statement calling the meeting "cordial." After his exchange with Leo, Milei held talks with Vatican Secretary of State Cardinal Pietro Parolin and a diplomatic team. The Vatican statement said issues of "common interest," were discussed during Saturday's visit, "such as socioeconomic progress, the fight against poverty, and the commitment to social cohesion, in addition to addressing ongoing conflicts" and global peace efforts. Milei's office released an excited statement on social media after the meeting as well, announcing, "The Pope confirmed to the President that he will visit Argentina." Argentine media sources suggest such a trip could take place as soon as next year as part of a South American tour that could include stops in Uruguay and Peru, where Leo lived and worked for nearly 20 years. Can Milei navigate a turnaround in relations with Vatican? A brash libertarian populist with a fawning affinity for Donald Trump, Milei had a tense relationship with Leo's predecessor Pope Francis, an Argentine who never returned home during his 12-year papacy. Though Francis never publicly called out Milei, he indirectly criticized police heavy-handedness in the mistreatment of Argentine retirees protesting for better pensions in 2024, saying, "instead of paying for social justice, they paid for pepper spray." Milei, who launched rabid online tirades against Francis, went so far as to defame him as "an imbecile" and far worse in expletive-laden posts, even equating him with the Antichrist. Why has Milei stirred controversy? Milei has implemented radical austerity measures in his effort to slow inflation and lower poverty levels. His radical free-market approach runs counter to Catholic social teachings that expect the state to care for those of its citizens finding themselves in need. Archbishop of Buenos Aires Jorge Ignacio Garcia Cuerva — whom Leo also welcomed to the Vatican on Saturday — has accused Milei of lacking empathy, saying he "has no social thermometer" nor understanding for the pain of simple Argentines. Milei's trip to the Vatican followed a Friday meeting with Italian Prime Minister Giorgia Meloni at which the two allies signed an agreement between their respective partially state-owned energy companies ENI and YPF. Argentina sees protests swell ahead of major strike To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Edited by: Rana Taha
The Sun
2 days ago
- Business
- The Sun
Milei meets Pope Leo, confirms visit to Argentina
BUENOS AIRES: Argentina's President Javier Milei held his first official audience with Pope Leo at the Vatican on Saturday where he confirmed that the pontiff will visit the South American country, according to the presidential spokesman. No further details of the planned visit were disclosed on Saturday. Milei had a tense relationship with Pope Francis, the late Argentine pope who never returned to his native country during his 12-year papacy, potentially signaling the start of a new diplomatic chapter. 'The Pope confirmed to the President during our recent meeting that he will visit Argentina,' Manuel Adorni, the presidential spokesperson wrote via social media. The papal visit could take place as soon as next year, according to Argentina's daily newspaper La Nación, as part of a tour that would include stops in Uruguay and Peru, where Leo, the first U.S. pope, resided for nearly 20 years. Milei, a libertarian and ally of U.S. President Donald Trump, was not present at the inauguration ceremony of the new head of the Catholic Church due to local legislative elections he was required to attend. Discussions between the two parties on Saturday were described as 'cordial' and addressed issues of 'common interest such as socioeconomic progress, the fight against poverty, and the commitment to social cohesion, in addition to addressing ongoing conflicts,' the Vatican later said in a statement. Milei met Italian Prime Minister Giorgia Meloni on Friday in Rome as part of his visit, where an agreement between Italian energy group Eni and Argentina's state-owned energy firm YPF was signed.
Reuters
3 days ago
- Business
- Reuters
Eni, YPF sign agreement for participation in Argentina LNG project
MILAN, June 6 (Reuters) - Italian energy group Eni ( opens new tab and Argentina's YPF on Friday signed an agreement on the Argentina LNG (ARGLNG) project during a meeting in Rome between Italian Prime Minister Giorgia Meloni and Argentine President Javier Milei. Eni will act as a strategic partner of YPF on the Argentina LNG project and make use of the know-how it has developed in its floating LNG projects in Congo and Mozambique, the Italian group said in a statement. The Argentina LNG project is designed to develop the resources of the onshore Vaca Muerta field and serve international markets. The project will export up to 30 million tons per year of liquefied natural gas (LNG) by 2030, using a phased approach.
Yahoo
3 days ago
- Business
- Yahoo
Eni, YPF sign agreement for participation in Argentina LNG project
MILAN (Reuters) -Italian energy group Eni and Argentina's YPF on Friday signed an agreement on the Argentina LNG (ARGLNG) project during a meeting in Rome between Italian Prime Minister Giorgia Meloni and Argentine President Javier Milei. Eni will act as a strategic partner of YPF on the Argentina LNG project and make use of the know-how it has developed in its floating LNG projects in Congo and Mozambique, the Italian group said in a statement. The Argentina LNG project is designed to develop the resources of the onshore Vaca Muerta field and serve international markets. The project will export up to 30 million tons per year of liquefied natural gas (LNG) by 2030, using a phased approach.
Yahoo
20-05-2025
- Business
- Yahoo
YPF Sociedad Stock Soars 18.2% Despite Q1 Earnings Miss
YPF Sociedad Anónima YPF gained 18.2% since it reported first-quarter 2025 earnings despite reporting a weak bottom line. The recent 90-day pause in the U.S.-China trade conflict, which cheered the broader market, primarily led to a surge in the stock price. YPF reported first-quarter earnings of 62 cents per share, missing the Zacks Consensus Estimate of 73 cents. The bottom line also declined from the year-ago quarter's profit of $1.66 per share. Total quarterly revenues of $4.61 billion missed the Zacks Consensus Estimate of $4.92 billion. The top line, however, increased from the prior-year level of $4.31 billion. YPF currently carries a Zacks Rank #5 (Strong Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. BP plc BP and Chevron Corporation CVX are two other leading energy companies that also reported first-quarter 2025 results. BP reported adjusted earnings of 53 cents per American Depositary Share on a replacement-cost basis, excluding non-operating items. The figure lagged the Zacks Consensus Estimate of 56 cents. The bottom line also declined from the year-ago reported figure of 97 cents. BP's total quarterly revenues of $47.9 billion lagged the Zacks Consensus Estimate of $57.2 billion and declined from $49.9 billion reported a year ago. The weak quarterly results of BP can be primarily attributed to lower liquid price realizations and weaker refining margins. Lower contributions from the company's customers and products business also affected the results. For more details, check our blog: BP's Q1 Earnings & Revenues Miss Estimates on Weak Refining. On the other hand, Chevron reported adjusted first-quarter earnings per share of $2.18, beating the Zacks Consensus Estimate of $2.15. The outperformance stemmed from higher-than-expected U.S. natural gas production in the company's key upstream segment. The unit's domestic output of 2,859 million cubic feet per day (MMcf/d) topped the consensus mark of 2,666 MMcf/d. A healthy gain in the commodity's U.S. realizations also aided it. However, the bottom line of CVX lagged the year-ago adjusted profit of $2.93 due to weaker oil price realizations and a dip in refined product sales margins. CVX generated revenues of $47.6 billion. The sales figure missed the Zacks Consensus Estimate of $48.7 billion and decreased 2.3% year over year. For more details, check our blog: Natural Gas Lifts Chevron Q1 Earnings Amid Oil Weakness. Upstream In the quarter under review, YPF's total volumes increased 4.9% year over year to 552.1 thousand barrels of oil equivalent per day (MBoe/d). Crude oil production in the first quarter was 269.9 thousand barrels per day (MBbl/D), increasing 5.6% year over year. Meanwhile, YPF's natural gas production increased 2.7%. The average price realization for the company's crude oil decreased 0.6% year over year, reaching $67.9 per barrel. Moreover, the average natural gas price realizations of natural gas declined 0.3% year over year to $3 million British thermal unit (MMBTU). Declining commodity price realizations have led to YPF's EBITDA from upstream activities to fall 8% year over year to $766 million. Midstream & Downstream YPF reported its Refineries' Utilization Rate in the first quarter at 94%, which improved from 89% in the prior-year quarter. The company's adjusted EBITDA from the Midstream & Downstream segment was reported at $504 million, down 12% year over year. Higher crude oil purchases primarily hurt the results. Net cash flow provided by operating activities in the quarter totaled $850 million. Free cash outflow for the quarter was reported at $957 million. As of March 31, 2025, the company's cash and short-term investments were $1,2 billion, and its total debt amounted to $9.6 billion. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BP p.l.c. (BP) : Free Stock Analysis Report Chevron Corporation (CVX) : Free Stock Analysis Report YPF Sociedad Anonima (YPF) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
