Woodside joins BP, Royal Dutch Shell and Eni in announcing write-downs and impairments on their assets as the slump in fuel demand has led to a dire outlook for energy prices.
SYDNEY: Australia's Woodside Petroleum Ltd on Tuesday forecast a first-half impairment loss of $4.37 billion after tax, joining global energy majors that have slashed the value of their assets after a Covid-19 coronavirus induced slump in oil prices.
The bulk of the impairment - $3.92 billion - is related to writing down the value of its oil and gas properties and exploration assets, the company said in a statement.
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