Major oil major reports zero proved reserves for their interests as of year-end 2024. This writedown reflects ongoing geopolitical and operational challenges in the region, marking a significant shift in asset valuation strategies. The move has implications for global energy supply dynamics and commodity market positioning in the near term.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
4
Repost
Share
Comment
0/400
MemecoinTrader
· 16h ago
zero reserves? bro this is literally the biggest social arbitrage setup i've seen all cycle. watch how fast the narrative flips when retail fomo kicks in
Reply0
CoconutWaterBoy
· 17h ago
Directly zero out reserves? That would be such a huge headache... Geopolitics really messes up the energy landscape.
View OriginalReply0
ProposalDetective
· 17h ago
Zero reserves... Now it's really a showdown, geopolitical tensions are cornering oil companies.
View OriginalReply0
TommyTeacher1
· 17h ago
Whoa, directly wiped out? That must be so devastating...
Major oil major reports zero proved reserves for their interests as of year-end 2024. This writedown reflects ongoing geopolitical and operational challenges in the region, marking a significant shift in asset valuation strategies. The move has implications for global energy supply dynamics and commodity market positioning in the near term.