MARKETS

Origin Energy feels pain of oil price collapse

Origin Energy will take a A$1.24 billion hit to its finances resulting from the oil price crash earlier this year.

Origin Energy chief Frank Calabria said the company remained in a stable fiscal position despite more than a billion dollars of impairments due to its diversified portfolio.

Origin Energy chief Frank Calabria said the company remained in a stable fiscal position despite more than a billion dollars of impairments due to its diversified portfolio.

The company has joined Woodside Petroleum and Oil Search this week in announcing price- and demand-related impairments. Origin is Australia's biggest power and gas retailer. However, the core of its...

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