EnergyWatch

German oil player hit by low commodity prices

The operating profit at German oil company Wintershall DEA is strained by oil and gas prices, shows an interim report in which the company unveils climate targets.

Photo: Wintershall

Low commodity prices strain earnings at German oil major Wintershall DEA in 2020.

This was most recently the case in the third quarter, during which the company's earnings before interest, taxes, depreciations, amortizations and exploration costs dropped to EUR 397 million, down EUR 311 million compared to the same quarter last year, shows the company's interim report, published Monday.

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