ExxonMobil, Chevron may write down big chunk of reserves if weak prices persist

ExxonMobil, Chevron may write down big chunk of reserves if weak prices persist
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08.09.2020

MOSCOW (MRC) --В Low commodity prices and deep spending cuts in the first half of 2020 could lead US supermajors ExxonMobil and Chevron to write down huge chunks of their proved oil and natural gas reserves if prices remain depressed in the second half, reported S&P Global with reference to recent SEC filings.In a 10-Q filing, ExxonMobil said Aug. 5 it could write down as much as 20% of

Full article at mrcplast.com

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