COVID-19 has had a major impact on the global economy and the energy sector has also been significantly affected by the pandemic.. This paper studies the impact of COVID-19 on corporate performance in the energy industry and finds that COVID-19 has had a significant negative effect on the performance of energy companies. When goodwill impairment was introduced as a moderating variable, companies with goodwill impairment were more strongly affected by the pandemic. Therefore, decision makers at all levels should pay more attention to the impact of COVID-19 on energy companies and take countermeasures in order to mitigate the effects on the energy industry.
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