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Tag: writedowns
Oil Giants Cut Production, Post Massive Writedowns
2020-08-10 15:07:18| OGI
The worlds five largest oil companies collectively cut the value of their assets by nearly $50 billion in the second quarter and slashed production rates.
Tags: post
production
cut
oil
Chevron Posts $8.3 Billion Q2 Loss on Writedowns, Job Cuts
2020-07-31 14:40:29| OGI
Chevron wrote down its oil and gas production properties by $5.6 billion, including its entire investment in crisis-ravaged Venezuela.
US Shale Industry Faces $300 Billion in Write-downs
2020-06-22 18:00:00| OGI
Impairments expected to be made by U.S. shale companies in the second quarter could trigger insolvencies as the sector accounts for oil price fall, Deloitte says in a new study.
Tags: industry
billion
faces
shale
US Shale Gas Investors Brace For Write-downs Amid Price Plunge
2020-02-12 11:10:00| OGI
EQT, the largest U.S. gas producer, recently said it would take a write-down of as much as $1.8 billion, following CNX Resources, Shell and Chevron in reducing the value of gas properties.
Tags: price
gas
investors
amid
NENT announces SEK 700 mln Q4 charge for job cuts and FTA write-downs as it focuses on streaming
2019-12-10 09:47:00| Telecompaper Headlines
(Telecompaper) Nordic Entertainment Group (NENT) said it has cut jobs in order to save some SEK 250 million a year, as it aims to offset currency headwinds and support the expansion of its Viaplay streaming service. It has announced a one-off charge of approximately SEK 700 million for the fourth quarter in redundancy costs and writedown of free-to-air television content and other assets. There is no change to NENT's profitable growth commitment for 2020.