PXP Energy losses widen in 2023
The impairment charges were in relation to Service Contract (SC)74 Linapacan located in Northwestern Palawan, but were offset by changes in decommission estimates in SC 14C-2 West Linapacan. In a filing, PXP Energy said it booked a core net loss of around P42.50 million in 2023, also wider than the P22-million loss of the previous […]
Tomas Kauer - News Moderator 
The impairment charges were in relation to Service Contract (SC)74 Linapacan located in Northwestern Palawan, but were offset by changes in decommission estimates in SC 14C-2 West Linapacan.
In a filing, PXP Energy said it booked a core net loss of around P42.50 million in 2023, also wider than the P22-million loss of the previous year, on lower margins from the Galoc oil field operations, increase in overhead costs and higher interest expense.
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