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H2 2020 asset impairments: corporate tracker and accounting primer

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08 April 2021

H2 2020 asset impairments: corporate tracker and accounting primer

Report summary

Falling oil prices resulted in 50 of the 60+ companies in our Corporate Service coverage reporting US$192 billion of asset impairments during 2020 (US$232 billion when including a few select companies outside our core coverage). With rolling-average prices bottoming out and crude prices recovering in the beginning of 2021, write-downs are unlikely to be a feature in companies’ H1 2021 results. This report summarises the standards used in different accounting methods, highlights which companies were impacted the most in 2020, and provides our view of what to expect in 2021.

Table of contents

    • Large downgrades to price have triggered over US$230 billion of write-downs through 2020

Tables and charts

This report includes 1 images and tables including:

  • Absolute pre-tax* impairment charges since the oil price collapse ( US$1 billion**)

What's included

This report contains:

  • Document

    H2 2020 Asset Impairments Slide Deck.pptx

    PPTX 3.85 MB

  • Document

    H2 2020 Asset Impairments Data Set.xlsm

    XLSM 226.99 KB

  • Document

    H2 2020 asset impairments: corporate tracker and accounting primer

    PDF 892.75 KB