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 feels pain of oil price collapse Origin Energy feels pain of oil price collapse Origin Energy feels pain of oil price collapse Origin Energy feels pain of oil price collapse Origin Energy feels pain of oil price collapse

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.