Must be Chevron’s time soon! BP’s announced so has Shell - must be time.
https://www.forbes.com/sites/timtreadgold/2020/07/14/woodside-petroleum-joins-the-write-down-club-with-a-4-billion-charge/#16269ac13ed7
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No write needed for 2020. The heavy casualties from layoffs will take care of this. Payroll and benefits savings will balance the scales. At least, that’s the thinking of the executives.
@ijq that writedown did NOT include price effects.
We already did at the end of 2019.
https://www.barrons.com/amp/articles/chevron-takes-10-billion-write-down-on-lower-natural-gas-prices-other-factors-51576071648