BP’s recent annual report reveals impairments totaling $4.492 billion across Mauritania and Senegal from 2021 to 2024, with $1.495 billion recorded in 2024 alone, indicating significant financial challenges in these markets.
BP has reported a significant $1.495 billion in impairments related to its operations in Mauritania and Senegal for the year 2024. This amount adds to a substantial $1.434 billion write-off from 2023, and earlier impairments of $729 million in 2022 and $834 million in 2021. Consequently, the cumulative impairments in these regions over the past four years amount to approximately $4.492 billion, establishing them as the largest write-offs for the corporation globally during 2023 and 2024.
In summary, BP’s impairments in Mauritania and Senegal have reached a staggering total of $4.492 billion over a four-year period. The consistent increase in impairments indicates significant financial challenges within these regions, affecting BP’s overall performance in the energy sector. The revelations from the 2024 annual report highlight the urgency for the company to reassess its strategies and operations in these markets.
Original Source: www.mees.com
