Peter Thiel enters oil market with US$76 million stake in Vaca Muerta’s top exporter
The magnate acquired 1% of Vista Energy in his first investment in Argentina. Protesters dressed as Gandalf visited his Buenos Aires home La entrada Peter Thiel enters oil market with US$76 million stake in Vaca Muerta’s top exporter se publicó primero en Buenos Aires Herald .
Billionaire entrepreneur Peter Thiel has invested US$76 million in Argentina's largest oil exporter, Vista Energy, marking his first venture into the oil sector and Patagonia's Vaca Muerta oil field. Thiel's hedge fund, Thiel Macro LLC, acquired a 1% stake, equivalent to nearly 1.2 million shares, during the second quarter of 2026.
Vista Energy shares surged following the news, reaching a two-month high of US$72.16 on the New York market. The investment underscores Thiel's growing interest in Argentina, where he resides part-time and has met with President Javier Milei and his government. The move comes amid concerns over Thiel's potential involvement in a new Argentine government program called "social digital twin," which utilizes AI and citizen data to simulate social scenarios for policy improvement.
Written by urgent.news from Buenos Aires Herald's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
