MARKETS

Occidental faces further write down

OCCIDENTAL Petroleum will record an impairment for the second quarter of this year of between US$6 billion to $9 billion it revealed in filings with the US Securities Exchange Commission.

Helen Clark

This will show up in second quarter results due soon, and it follows a first writedown of $1.4 billion for the first quarter when it posted a $2.2 billion loss. The company has struggled since it...

Start a free trial to continue reading this article

Already have an account? Sign in here

Subscribe now

MOST POPULAR

EXPLORATION

New location for Chuditch gas probe off Timor Leste, LNG potential eyed

OPERATIONS

Court approves Santos' request to access activists' financial records and correspondences

OPERATIONS

Beach Energy makes headway on axing jobs

OPERATIONS

INTERVIEW: ADZ rises from Armour's ashes flush with funds and hungry for growth

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.