Total to book $8.1 bil Q2 impairment on lower prices, ‘stranded’ Canadian oil sands assets

Capt. John

Total has revised downward its oil price assumptions and slashed the value of its Canadian oil sands assets, it said July 29, adding it would book an $8.1 billion impairment in its second quarter of 2020 results, with a knock-on effect on its debt. In a statement a day before publishing its Q2...

https://www.hellenicshippingnews.com/total-to-book-8-1-bil-q2-impairment-on-lower-prices-stranded-canadian-oil-sands-assets/

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