Discontinued — last reported Q3 '16
Business Segments · Inventory Write Down
Oil And Gas Operations — Inventory Write Down
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ1 2013
Last reportedQ3 2016
How to read this metric
An increase suggests falling commodity prices or inventory quality issues, while a decrease indicates stable or rising market values.
Detailed definition
This metric represents the non-cash expense recognized when the carrying value of oil and gas inventory exceeds its net...
Peer comparison
Common in energy and extractive industries where commodity price fluctuations frequently trigger lower-of-cost-or-market accounting adjustments.
Metric ID:
fcx_segment_oil_and_gas_operations_inventory_write_downSimilar Metrics at Other Companies
Frequently Asked Questions
- What does oil and gas operations — inventory write down mean?
- The reduction in the recorded value of oil and gas inventory due to a decline in market value.