According to the literature, the current Latin America (neo)extractivist paradigm would differ from the neoliberal, “classic” extractive pattern due to the lower relative weight of foreign private capital and the appropiation by the State of a substantial piece of the surplus through several mechanisms (e.g. normative and institutional reforms, growth of pre-existent taxes, public enterprises’ creation, imposing export taxes, etc.). This paper critically examines such thesis and then empirically contrast them for the Argentinean case by analyzing the continuities and the ruptures suffered by the hydrocarbon pattern between the neoliberal period and the (neo)developmentalist or “progressivism” model. The article’s findings are paradoxal. On ...