Total swings to USD8.4 billion net loss on oil, gas write-down, petchems margins "resilient"

Total swings to USD8.4 billion net loss on oil, gas write-down, petchems margins "resilient"
WESPECH PTE LTD
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03.08.2020

MOSCOW (MRC) -- Total has swung to a net loss for the second quarter of 2020 of USD8.37 billion from a profit of USD2.76 billion in the prior-year period, due largely to a USD8.1-billion impairment after lowering its future oil and gas price assumptions and cutting the value of some of its upstream oil and gas assets, said Chemweek.On an adjusted earnings basis it reports income of USD126

Full article at mrcplast.com

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