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A Tale of Two Oil Giants With Two Strategies That Aren’t Working

(Bloomberg) — Everyone from environmentalists to investors is beating up on fossil fuels, and American energy giants Exxon Mobil Corp. and Chevron Corp. are taking increasingly diverging approaches as they try to weather the storm.The problem is, neither strategy is working right now.Exxon is using the downturn in oil, gas and chemical prices as an opportunity to unleash its giant balance sheet to fund a slew of mega-projects around the world. Chevron is sticking with austerity — to such an extent that Chief Executive Officer Mike Wirth admitted he sounds like “a broken record” repeating a mantra of financial discipline.The …read more […]

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Gathering Risks Have Treasury Yields Headed for Recession Zone

(Bloomberg) — The world’s largest bond market looks set for yet another bout of fear-induced trading next week, and this one could drive yields back to the panicky lows reached a few months ago.The rising toll and rapid spread of the Wuhan coronavirus has strengthened demand for safe assets, sending Treasuries back to levels last seen when investors were fixated on recession risks. The yield curve re-inverted this week. The benchmark 10-year is close to slipping below 1.5% for the first time since early September, while the 30-year dipped below 2% on Friday.It may not take a lot to rush …read more […]

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What is Accumulated Depreciation? Definition and Example

Every investor should look at a company’s balance sheet. It tells you how much money the company has, owes, and what’s left over when you put the two together. But to properly value a company, you need to understand what it all means. One thing you may not know is accumulated depreciation. That brings you to the question…
What is Accumulated Depreciation?
Accumulated depreciation is the sum of an asset’s depreciation expense. It’s calculated from the start of its use to a specific date. It’s also a contra-asset account. That means it decreases the balance in the asset’s account. To increase the …read more […]