| Circuit | Autódromo Juan y Oscar Gálvez |
|---|---|
| Date | 1972-01-23 |
| Round | 1 |
| Pos | Driver | Team | Grid | Laps | Time/Status | Fastest Lap | Pts |
|---|---|---|---|---|---|---|---|
| 1 | Jackie Stewart | Tyrrell | 2 | 95 | 1:57:59.100 | — | 9 |
| 2 | Denny Hulme | McLaren | 4 | 95 | +25.960 | — | 6 |
| 3 | Jacky Ickx | Ferrari | 8 | 95 | +59.390 | — | 4 |
| 4 | Clay Regazzoni | Ferrari | 6 | 95 | +1:06.720 | — | 3 |
| 5 | Tim Schenken | Surtees | 11 | 95 | +1:09.110 | — | 2 |
| 6 | Ronnie Peterson | March | 10 | 94 | +1 Lap | — | 1 |
| 7 | Carlos Reutemann | Brabham | 1 | 93 | +2 Laps | — | 0 |
| 8 | Henri Pescarolo | March | 15 | 93 | +2 Laps | — | 0 |
| 9 | Howden Ganley | BRM | 13 | 93 | +2 Laps | — | 0 |
| 10 | Helmut Marko | BRM | 19 | 93 | +2 Laps | — | 0 |
| 11 | Niki Lauda | March | 22 | 93 | +2 Laps | — | 0 |
| 12 | Emerson Fittipaldi | Team Lotus | 5 | 61 | Suspension | — | 0 |
| 13 | François Cevert | Tyrrell | 17 | 59 | Gearbox | — | 0 |
| 14 | Reine Wisell | BRM | 7 | 59 | Water leak | — | 0 |
| 15 | Peter Revson | McLaren | 3 | 49 | Engine | — | 0 |
| 16 | Mario Andretti | Ferrari | 9 | 20 | Engine | — | 0 |
| 17 | Andrea de Adamich | Surtees | 14 | 11 | Fuel system | — | 0 |
| 18 | Graham Hill | Brabham | 16 | 11 | Fuel pump | — | 0 |
| 19 | David Walker | Team Lotus | 20 | 8 | Disqualified | — | 0 |
| 20 | Peter Gethin | BRM | 18 | 1 | Oil leak | — | 0 |
| 21 | Alex Soler-Roig | BRM | 21 | 1 | Accident | — | 0 |
| 22 | Chris Amon | Matra | 12 | 0 | Withdrew | — | 0 |