137 days ago • Posted by William Ramstein

Massive write downs in the Oil Industry

The oil industry's impairments exceeded every other sector this year. Write downs for Oil and Gas were close -$150 billion with major European oil companies among the most agressive cutters. They accounted for more than a third of the industry's write-downs in 2020. Source: WSJ

 write downs

 

OIL AND GAS WRITE DOWNS
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