Discontinued — last reported Q3 '23
Business Segments · Asset Impairment Charges
Downstream — Asset Impairment Charges
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ2 2021
Last reportedQ3 2023
Rolls up toImpairment Charges
How to read this metric
An increase suggests deteriorating asset performance or unfavorable long-term market outlooks for refining and marketing, while a decrease indicates stable or improving asset value.
Detailed definition
This metric represents the non-cash charges recognized when the carrying value of long-lived assets within the downstrea...
Peer comparison
Peers in the integrated oil and gas sector report similar charges under asset impairment or depreciation and depletion line items, often triggered by commodity price volatility or regulatory changes.
Metric ID:
imo_segment_downstream_asset_impairment_chargesSimilar Metrics at Other Companies
Frequently Asked Questions
- What does downstream — asset impairment charges mean?
- The reduction in the recorded value of downstream assets due to a decline in their expected future economic benefit.