BP reported $1.495 billion in new impairments for Mauritania and Senegal as of March 2024, contributing to a total of $4.492 billion in losses over the last four years. These impairments are the largest the company has reported globally in the recent years.
BP’s recent annual report, published on March 6, 2025, highlights an additional $1.495 billion in impairments relating to its operations in Mauritania and Senegal. This follows a similar write-off of $1.434 billion reported in 2023, along with $729 million in 2022 and $834 million in 2021. Therefore, the cumulative impairments over the last four years have now reached a staggering total of $4.492 billion. These impairments for both 2023 and 2024 represent the largest losses experienced by BP globally.
The financial impairment figures outlined in BP’s annual report illustrate significant losses associated with its operations in Mauritania and Senegal. With a cumulative impairment reaching nearly $4.5 billion over four years, these numbers underscore the declining performance of BP in this region. The heavy financial impact emphasizes the need for strategic evaluation and potential restructuring to mitigate future risks.
Original Source: www.mees.com
