La Derecha Diario Pablo González and his management at YPF: the ineptitude that caused million-dollar losses
In 2023, YPF recorded a loss of 1.277 billion dollars, largely attributed to an asset devaluation
The administration of Pablo González at YPF (2021-2023) was marked by scandals, multimillion-dollar losses, and a discretionary management of resources.
Throughout his administration, there were accumulated allegations of lack of transparency, political conflicts, and highly questionable financial decisions.
2023: Multimillion-dollar losses and asset devaluation
The last year of his administration left alarming figures. In 2023, YPF recorded a loss of 1.277 billion dollars, largely attributed to an asset devaluation.
He was accused of inflating the valuation of mature oil areas to justify investments in projects that turned out to be deficitary. These decisions affected the trust in the company and caused multimillion-dollar losses for the Argentine State.
2023: Exorbitant increase in board fees
While the company reported losses, González and his team made a controversial decision: to almost quintuple the board's fees.
In 2023, a budget of up to 10.190 billion pesos was approved for this purpose, which caused strong criticism about the use of the state oil company's funds.
2022-2023: Union criticism for the "emptying" of YPF
From the union sector, leaders like Nallib Rivera accused Pablo González of implementing policies that caused a "progressive emptying" of the company.
The workers reported a lack of investment in key infrastructure, while Santa Cruz suffered a deterioration in its oil activity due to the poor management of resources.
2023: Conflicts with the Government of Santa Cruz
The governor of Santa Cruz, Claudio Vidal, did not hesitate to criticize González's administration. During a speech in 2023, he launched harsh accusations: "You live well while people continue to suffer."
These statements reflect the province's discontent with YPF's management during his term and highlight the negative impact it had on the region.
A term marked by scandal
Pablo González's tenure at YPF left a legacy of losses, corruption, and distrust. While the workers and producing provinces suffered the consequences of his administration, he and his team increased their fees and made dubious financial decisions.
The criticisms of his administration remain and have marked his departure from the company as one of the most controversial in YPF's history.
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