Can Chevron's Vaca Muerta Strategy Deliver Long-Term Wins?

Core Insights - Chevron Corporation continues to expand its presence in Argentina's Vaca Muerta shale, viewing it as a vital part of its global portfolio with plans for further development in the near term [1][6] - Vaca Muerta has become a key driver of Argentina's national production, achieving a record crude output of 816,000 barrels per day in August 2025, with two-thirds of this output coming from shale [2] - Chevron's involvement includes a $3 billion pipeline project aimed at increasing takeaway capacity from 180,000 to approximately 700,000 barrels per day, supporting Argentina's goal of becoming a regional energy exporter [3][6] Company Developments - GeoPark Limited has acquired the Loma Jarillosa Este and Puesto Silva Oeste blocks for $115 million, planning to invest $14.5 million in a pilot program to enhance production [4] - YPF Sociedad Anónima is ramping up its Vaca Muerta operations with a planned investment of $3.3 billion in 2025, targeting a production goal of 200,000 barrels per day by year-end [5]