The end of expensive oil leads Total to spend 8 billion in asset write-downs

Posted on Jul 29, 2020 at 7:55 p.m.Updated Jul 29, 2020 10:13 p.m. Like its competitors BP and Shell, Total is learning the lessons of the crisis and taking note of the end of expensive oil. On Wednesday, the French oil company announced a record $ 8.1 billion (6.9 billion euros) in asset write-downs for […]

result for H1 and Q2 2020 Reversal of write-downs

The Orlen Group will improve its EBITDA result – operating profit increased by depreciation – for the first half of the year and the second quarter of this year by a total of PLN 5.6 billion. All thanks to one-off accounting events. PKN Orlen will improve its result thanks to, among others rising oil prices […]