Jan 15

World’s Largest Miner Books Massive $7.2 Billion Writedown On US Shale “Assets”:

“Yeah well, considering you’ve got a book value of $20 billion and you haven’t reported an operating EBIT gain in the last two years, I think they’ve been lucky to get away with such a modest amount. I think they’ll be having the same discussions with their auditors in July.”

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