Bolivia's YPFB ends 2025 with paper profits, halved liquidity, intervention launched

Bolivia's state oil company YPFB reported a net profit of Bs 2.786 billion for 2025, but this was driven by accounting adjustments; its operating result was negative and liquid assets halved while receivables rose. The government has intervened in YPFB's commercial districts to investigate alleged irregularities in billing and management, signaling financial distress and governance concerns at the core of Bolivia's energy sector.