Key Facts

Guyana raised its Stabroek take to 39.8% with the state share including a 2% royalty after the Exxon-led consortium recovered roughly US$55 billion in development costs.

YPF is monetising mature assets for shale selling its 50% Profertil stake to Adecoagro for US$635 million and its Manantiales Behr fields to PECOM for US$410 million, freeing cash for Vaca Muerta.

Vaca Muerta shale oil hit a record with YPF reporting 213,000 barrels per day in the second quarter, up 47% from a year earlier, as it expands its Vaca Muerta drilling fleet this year.

The USO proxy for WTI settled at US$127.35 a gain of 0.95% on Wednesday, August 26, 2026, mirroring a late recovery in near-dated WTI futures.