YPF shares are trading higher after reports suggesting that Chevron will join the company and other partners a $3 billion natural gas liquids project in Argentina's Vaca Muerta shale formation.

Eni Builds Uruguay Offshore Presence Through New Exploration Deals

Eni has signed agreements to expand its presence in Uruguay's offshore exploration sector. The Italian energy company will operate the OFF-5 block with MIWEN (YPF subsidiary) holding 50%, and will acquire a 40% stake in the neighboring OFF-6 block operated by APA Corporation. Eni will fund a significant portion of an initial exploration well scheduled for 2027. These moves strengthen Eni's position in Latin America and diversify its upstream operations.

'Harold Hamm launches multibillion-dollar plan to drill Argentine shale' - Financial Times

YPF shares are trading higher amid possible sympathy with Argentine shale exploration & production company Vista Energy after Peter Thiel's macro hedge fund disclosed a long position of approximately 1.2 million ADSs.

YPF shares are trading lower after the company reported mixed Q2 financial results.