Inpex Reports 1st Annual Loss in Over a Decade Feb 11, 2021 8:05:am Summary by: Shardul Sharma Posted in: Inpex Reports 1st Annual Loss in Over a Decade Japanese oil and gas explorer Inpex on February 10 reported a loss of yen 111.6bn ($1.1bn) for the 12 months ending December 31, as a result of lower realised oil and gas prices. The loss marks the company’s first annual one in over a decade. It had reported a profit of yen 123.5bn in the previous year. Inpex’s average realised crude oil price last year was $43.21/barrel, down from $64.16/b in 2019. It realised an average gas price of $3.61/'000 ft