March 6 (Reuters) - Argentina's national oil company YPF
swung to a net loss of $1.86 billion in the fourth quarter, the
firm said on Wednesday, driven largely by weaker sales and a
hefty impairment charge.
Revenues fell 9.7% to $4.194 billion from $4.645 billion in
the October-to-December period in 2022, it said in a statement,
despite the steady production increase from western Argentina's
massive Vaca Muerta shale formation, one of the biggest in the
world.
The company, one of Argentina's top domestic sellers of
refined fuels, took a $1.782 billion impairment charge to pay
for the deterioration of assets, it said.