The oil company YPF announced that it will invest $5 billion this year, of which $3 billion will focus on the Vaca Muerta unconventional hydrocarbon formation

The board of directors of the oil company YPF approved a plan to optimize its portfolio of conventional fields, which will lead it to focus its investments on more profitable conventional and unconventional areas, the company said in a statement

U.S. energy giant ExxonMobil Corp, opens new tab is weighing offers for its oil and gas assets in Argentina’s Vaca Muerta shale region

According to the company, the new investments will be allocated to its operations in Vaca Muerta, with the goal of connecting 46 new wells and reaching a production of 70,000 barrels of oil equivalent per day by 2024

TotalEnergies announced that it has received 3.4 billion euros in cash from the sale of its gas station network in Germany, the Netherlands, Belgium, and Luxembourg to the Canadian group Couche Tard

Chevron said it would take non-cash writedowns on U.S. oil and gas production, primarily in California, and for securing abandoned wells and pipelines in the U.S. Gulf of Mexico that had been previously sold

Exxon Mobil will target annual spending on projects between $22 billion and $27 billion until 2027, the company said in an update that largely continues with existing spending and production goals

This marks the second discovery by the company in Block 52, with the first one in 2020, confirmed by Petronas Suriname E&P, a subsidiary of Petronas, and Suriname’s national oil company, Staatsolie

The company earned $6.5 billion, down from $11.2 billion in the same period last year. Adjusted profit was $3.05 a share, compared to analysts’ expected $3.75 per share

Energy company Repsol’s adjusted net profit fell 27% year-on-year in the third quarter because of lower oil and gas prices, it said, adding it would further diversify into renewables to offset fossil fuel volatility