Low Oil & Gas Prices Result in Major Asset Impairments Across the U.S.

Large impairments rocked many U.S. companies’ income statements at year-end 2014. The major cause of most of these impairments was the fall in global commodity prices in the final quarter of the year. This is the conclusion of a study looking into asset impairments using the annual data of 72 U.S. oil and gas companies […]