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.
