Total SA (TTA.L, TTFNF.PK, TOT) said, overall, the exceptional asset impairments that will be taken into account in the second quarter of 2020 amount to $8.1 billion, including $7 billion on Canadian oil sands assets alone, impacting the gearing ratio of the Group by 1.3%.
As a result of the short-term price revision, Total recognized in the second quarter an exceptional asset impairment charge of $2.6 billion, mainly on Canadian oil sands assets for $1.5 billion and LNG assets in Australia for $0.8 billion. Additionally, the Group will record an additional exceptional asset impairment of $5.5 billion.
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