YPF Sociedad Anonima is a limited liability company incorporated under the laws of Argentina. The company is a leading energy company in Argentina, involved in the entire oil and gas industry chain, and has a leading position in the market. The company's upstream business includes exploration, development and production of crude oil, natural gas and liquefied petroleum gas. The company's downstream businesses include refining, marketing, transportation and distribution of petroleum and a wide range of petroleum products, petroleum derivatives, petrochemicals, liquefied petroleum gas and biofuels. In addition, the company is active in investing in gas separation and natural gas distribution, both directly and through several affiliates.