YPF SA is an Argentina-based integrated oil and gas company. The Company's upstream operations consist of the exploration, development and production of crude oil, natural gas and liquefied petroleum gas (LPG). Its downstream operations include the refining, marketing, transportation and distribution of oil and a wide range of petroleum products, petroleum derivatives, petrochemicals, LPG and bio-fuels. The Company's retail distribution network for automotive petroleum products consists of approximately 1,500 service stations under brand YPF. Additionally, the Company is active in the gas separation and natural gas distribution sectors both directly and through investments in several affiliated companies.