|2019-12-05 来源： 中国石化新闻网|
唐绍红 摘译自 道琼斯
Spanish Energy Giant Repsol Writes Down Oil, Gas Assets
Spanish energy company Repsol SA said it is cutting the value of its assets by billions of dollars because the global transition to a lower carbon economy is weakening the outlook for oil and gas prices.
Repsol's move is the first by a major oil and gas player acknowledging a lower value of its assets was linked to a long-term view that a transition to less carbon-intensive energy will make oil and natural gas less valuable.
The impairment charge won't impact cash payments to shareholders, the company said, but it is likely to increase the company's market cap-to-debt ratio, known as gearing. The charge, totaling more than $5 billion, is set to show up in the company's fourth-quarter results due in February.
"This valuation adjustment will mainly affect exploration and production assets located in the United States of America and Canada due to the reduction in the expectations of future gas prices," said the company in a statement.
Energy companies have been reassessing the value of their assets, particularly in the U.S., where natural gas prices have been historically low, for the past couple of years. BP PLC's last set of results included a $2.6 billion impairment charge, mostly from selling U.S. assets at lower prices than it had on its balance sheet.