July 15 (Reuters) - Origin Energy (ORG) said on Wednesday it will book impairments of about A$1.2 billion ($840.12 million) after tax, joining a number of global energy companies that have slashed the value of their assets after a coronavirus-induced drop in oil and gas prices.
Australia's top power and gas retailer expects to record non-cash charges of between A$1.16 billion and A$1.24 billion in its full-year accounts, it said in a statement to the stock exchange.
On Tuesday, Woodside Petroleum Ltd (WPL) , another oil and gas major in the country, flagged impairments of $4.37 billion after tax. ($1 = 1.4284 Australian dollars)
News: ORG Australia's Origin Energy to book $840 million impairment on coronavirus hit
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Last
$12.40 |
Change
-0.050(0.40%) |
Mkt cap ! $21.36B | |||
| Open | High | Low | Value | Volume |
| $12.57 | $12.60 | $12.36 | $35.61M | 2.867M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 285 | $12.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.41 | 13602 | 2 |
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| Last trade - 16.10pm 12/09/2025 (20 minute delay) ? |
| ORG (ASX) Chart |