Significant accounting judgements estimates and assumptions (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of assumptions used In sensitivity analysis for CGU's

Main assumptions used

Below are the key assumptions used in assessing the recoverable value of the aforementioned CGUs, if any, and the sensitivity analyses:


	As of December 31, 2025					As of December 31, 2024						As of December 31, 2023
	Argentina			Mexico (1)		Argentina			Mexico			Argentina			Mexico
Discount rates (after taxes)		9.3	%		—		9.9	%		7.4	%		12.9	%		6.0	%
Discount rates (before taxes)		19.3	%		—		18.2	%		8.3	%		21.9	%		8.2	%
Prices of crude oil, natural gas and LPG
Crude oil (USD/bbl) (2)
2024		—			—		—			—			82.4			73.4
2025		—			—		73.3			60.7			79.0			70.9
2026		61.5			—		70.7			61.6			72.6			64.5
2027		64.0			—		67.3			62.9			66.4			61.3
2028		65.3			—		67.4			61.4			66.4			61.3
As from 2029		63.4			—		67.4			61.4			66.4			61.3
Natural gas - local prices (USD/MMBTU)
As from		2.7			—		3.0			4.0			2.8			3.3
LPG - local prices (USD/tn)
As from		324.9			—		301.8			—			296.3			—

(1)	See Note 1.1.

(2)	The prices correspond to Brent and Maya, for Argentina and Mexico, respectively.

Schedule of sensitivity analysis for CGU's with respect to change in assumptions

Regarding the assessment of the value in use as of December 31, 2025, and 2024, the Company considers that there are no reasonably possible changes in any of the abovementioned main assumptions that may cause the carrying amount of any CGU to decrease its recoverable amount, except for the following:


	As of December 31, 2025				As of December 31, 2024					As of December 31, 2023
	Argentina		Mexico (1)		Argentina		Mexico			Argentina			Mexico
Discount rate (on the basis)		+ 10%				+ 10%					+ 10%
Carrying amount		—		—		—		(3,138	)		(136	)		(2,559	)
Expected prices of crude oil, natural gas and LPG		- 10%				- 10%					- 10%
Carrying amount		—		—		—		(14,012	)		(349	)		(13,402	)