Fetching News Details

Total books $8 bln in asset impairments
July 30, 2020
Source: Reuters

Total books $8 bln in asset impairments

French energy group Total will book an exceptional impairment charge of $8 billion mainly on its Canadian oil sands and liquefied natural gas projects. Overall, the exceptional asset impairments that will, therefore, be taken into account in the second quarter of 2020 amount to $8.1 billion, including $7 billion on Canadian oil sands assets alone, this will increase its gearing ratio by 1.3%.

⬅ all news

Please Login to Save News for Later