Maersk Oil posts $2.1B loss for 2015

Danish oil company Maersk Oil made a loss of $2.1bn in 2015, compared to a loss of $861 million in the full year 2014. According to the oil firm, the result was negatively affected by impairments after tax of $2.6 billion due to the low oil price expectations.

The underlying profit was down to $435 milion, from $1 billion a year ago, negatively impacted by lower average oil prices but positively impacted by a higher average entitlement production and lower operating and exploration costs.

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