Company: VIST
Filing Date: 2025-04-09
Form Type: 20-F
Source: 0001193125-25-076856
Chunk: 2

Company: Vista Energy, S.A.B. de C.V.
Filing Date: 2025-04-09
Form: 20-F
Item: Item 3
Chunk 2
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 recently discovered oil and gas reserves, and changes to our previous reserves estimates;  

  increased market competition in the energy sectors in Argentina and Mexico;  
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  potential regulatory changes and modifications to free trade agreements driven by evolving U. S. trade policies and political developments in Mexico or other Latin American countries;  

  climate change and severe weather events;  
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  any potential adverse effects that may arise in connection with any prospective mergers, acquisitions, divestitures, or other corporate reorganizations;  
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  the ongoing conflicts involving Russia and Ukraine; Israel, Hamas and Iran; and China and Taiwan; and  

  additional matters identified in “ Risk Factors.”  

Forward-looking statements speak only as of the date on which they were made, and we undertake no obligation to release publicly any updates or revisions to any forward-looking statements contained herein after we distribute this annual report because of new information, future events or other factors. In light of these limitations, undue reliance should not be placed on forward-looking statements contained in this annual report.

Table of Contents

  ITEM 1.      IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS  
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Not applicable.

  ITEM 2.      OFFER STATISTICS AND EXPECTED TIMETABLE  
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Not applicable.

  ITEM 3.      KEY INFORMATION  
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Capitalization and Indebtedness

Not applicable.

Reasons for the Offer and Use of Proceeds

Not applicable.

RISK FACTORS

You should carefully consider the following risk factors in evaluating us and our business before investing in Vista. In particular, you should consider the risks related to an investment in companies operating in Argentina, Mexico and Latin America generally, for which we have included information in these risk factors to the extent that information is publicly available. In general, investing in the securities of issuers whose operations are located in emerging market countries such as Mexico and stand-alone countries such as Argentina involve a higher degree of risk than investing in the securities of issuers whose operations are located in the United States or other more developed countries. If any of the risks discussed in this annual report actually occur, alone or together with additional risks and uncertainties not currently