Company: VIST
Filing Date: 2025-04-16
Form Type: 6-K
Source: 0001193125-25-082223
Chunk: 50

Company: Vista Energy, S.A.B. de C.V.
Filing Date: 2025-04-16
Form: 6-K
Chunk 50
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 of changes in our development plans.

In the past in Argentina, as a result of economic, political and regulatory developments, the prices of crude oil, diesel and other fuels have
differed significantly from the international and domestic markets, and the ability to increase or maintain such prices to conform to international standards has been questioned. For example, in 2022, the average realized price of our exported crude
oil was US$85.2/bbl while the realized price in the domestic market was US$62.9/bbl. In 2023, the average realized prices were US$72.0/bbl in the export market and US$63.6/bbl in the domestic market. In 2024, the average realized prices were
US$70.4/bbl in the export market and US$70.3/bbl in the domestic market, meaning that the price gap between both markets was reduced to practically zero.

If domestic prices are substantially lower than prices prevailing in international markets, our results of operations and financial condition
would be adversely affected. We cannot anticipate what energy policies or regulations the Argentine government will establish with respect to crude oil prices in the domestic market or their gap with respect to the export market. Likewise, we cannot
predict the impact that any changes may have on our results of operations and financial condition.

Risks associated to the Promotion Regime.

The possibility that, in the future, normative, regulatory or interpretation changes by the Argentine
Secretariat of Energy or the competent authorities may occur that may affect the validity, continuity or application of the recognition granted to the LACh Project within the Promotion Regime established by Decree No. 929/2013 cannot be ruled
out. Likewise, it could happen that, for reasons beyond PEPASA’s control, the compliance with the requirements demanded for the access or maintenance of such benefits or consequences that could arise as a result of the Transaction could be
questioned. Consequently, the validity of the promotional benefits or their future application in PEPASA’s production cannot be guaranteed.

Risks Related to Recent Events.

The conflict involving Russia and Ukraine, and new, additional and/or enhanced economic and trade sanctions and restrictions that have been imposed by various countries, could have a material adverse effect on our business, financial condition and results of operations.

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The conflict involving Russia and Ukraine has recently had, and will likely continue to
have, significant international economic effects, including increased inflation, global supply chains problems, market volatility, as well as an