Ernst & Young reviews energy’s status at mid-year | MRT

The novel coronavirus did not discriminate; it caused economic shutdowns across the globe. And oil and gas companies of all sizes and in all sectors of the industry were impacted by the shutdowns as oil demand plunged and, with it, oil prices.

The result is $57 billion in impairments, with 14 companies reporting at least $1 billion in charges, said Herb Listen, Americas Energy Assurance Leader at Ernst & Young, last week during an online discussion of recent events and their impact on the energy industry.
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