YPF carries out 10‑for‑1 stock split to widen Argentine investor base

Argentina’s state‑controlled oil firm YPF completed a 10‑to‑1 stock split on 4 August. Each existing share was automatically divided into ten, reducing the quoted price to roughly one‑tenth while keeping total shareholder value unchanged. The split, filed with the CNV and ByMA, required no action from investors and preserved voting rights. YPF’s president and CEO Horacio Marín said the move is intended to make the shares affordable – “as cheap as a coffee” – and to attract a broader base of small investors. The company also announced a new feature in its mobile app that will let users purchase YPF shares directly at its service stations. Margarita Chun, head of market relations, confirmed the split follows practices of comparable firms domestically and abroad.