E&P companies declaring insolvency increased.
Oil and gas producers in North America, which went bankrupt between January and June 2020, accumulated 30.7 billion U.S. dollars in debt. As oil demand fell and oil prices with it, the number of Total debt acquired by bankrupt oil & gas companies in the United States between January and June 2020, by sector (in billion U.S. dollars)
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Visual Capitalist. (July 24, 2020). Total debt acquired by bankrupt oil & gas companies in the United States between January and June 2020, by sector (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 10, 2024, from https://internal.statista.com/statistics/749667/us-oil-and-gas-bankruptcy-debts/
Visual Capitalist. "Total debt acquired by bankrupt oil & gas companies in the United States between January and June 2020, by sector (in billion U.S. dollars) ." Chart. July 24, 2020. Statista. Accessed June 10, 2024. https://internal.statista.com/statistics/749667/us-oil-and-gas-bankruptcy-debts/
Visual Capitalist. (2020). Total debt acquired by bankrupt oil & gas companies in the United States between January and June 2020, by sector (in billion U.S. dollars) . Statista. Statista Inc.. Accessed: June 10, 2024. https://internal.statista.com/statistics/749667/us-oil-and-gas-bankruptcy-debts/
Visual Capitalist. "Total Debt Acquired by Bankrupt Oil & Gas Companies in The United States between January and June 2020, by Sector (in Billion U.S. Dollars) ." Statista, Statista Inc., 24 Jul 2020, https://internal.statista.com/statistics/749667/us-oil-and-gas-bankruptcy-debts/
Visual Capitalist, Total debt acquired by bankrupt oil & gas companies in the United States between January and June 2020, by sector (in billion U.S. dollars) Statista, https://internal.statista.com/statistics/749667/us-oil-and-gas-bankruptcy-debts/ (last visited June 10, 2024)
Total debt acquired by bankrupt oil & gas companies in the United States between January and June 2020, by sector (in billion U.S. dollars) [Graph], Visual Capitalist, July 24, 2020. [Online]. Available: https://internal.statista.com/statistics/749667/us-oil-and-gas-bankruptcy-debts/