BP’s 2024 report highlights $1.495 billion in new impairments in Mauritania and Senegal, adding to previous years’ totals, resulting in nearly $4.5 billion over four years. These impairments are significant as they are BP’s largest globally for both 2023 and 2024.
BP’s 2024 annual report, published on 6 March, indicates that the company recognized $1.495 billion in new impairments related to its operations in Mauritania and Senegal. This figure adds to previously noted impairments, including $1.434 billion in 2023, $729 million in 2022, and $834 million in 2021. Over the last four years, the total impairment amount has reached approximately $4.492 billion.
In both 2023 and 2024, the impairments from the Mauritania and Senegal projects were BP’s largest globally, highlighting significant ongoing challenges in these regions. The continuous write-offs signal a need for BP to assess its investment strategies and operational efficiency within these markets.
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BP has encountered substantial financial challenges in its Mauritania and Senegal operations, with recent impairments totaling nearly $4.5 billion over four years. The growth of these write-offs indicates persistent difficulties and raises concerns regarding investment strategies in these regions. Staying informed through credible data sources is essential for understanding future industry risks and opportunities.
Original Source: www.mees.com
