Should Investors Be Worried About YPF’s New CEO Election?

Originally published on

  • YPF is one of the largest oil & gas companies in Latin America and sits on huge shale oil and gas reserves at Vaca Muerta.
  • Controlled by the Argentinean State since nationalization in 2012, the new government replaced former CEO Miguel Galuccio with Ricardo Darre.
  • Darre is an exploration and production expert with 30 years of international experience at Total SA (TOT).
  • The choice of an exploration expert signals the government’s willingness to prioritize new projects to increase production even if it is uneconomical in the current price scenario.

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