Share price falls pressure asset valuations
The underperformance of oil and gas stocks will lead auditors to closely examine goodwill and impairment testing calculations
Sustained drops in oil and gas companies’ share prices during 2019 and beyond means that the valuation of assets on firms’ balance sheets could be more closely scrutinised by auditors and regulators, warns advisory firm Opportune. In the final three quarters of 2019, the S&P oil & gas equipment & services select industry index decreased by c.27pc and the S&P oil & gas exploration & production select industry index fell by c.23pc, although both experienced a partial rebound towards the end of the year. Private oil and gas firms are also impacted by these reductions, as the value placed by the market on similar assets owned by their listed peers are used as a guide for
Also in this section
18 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
