BP Reports $4.5 Billion Impairments for Mauritania and Senegal

BP reported new impairments of $1.495 billion for 2024 from Mauritania and Senegal, adding to previous impairments that total $4.492 billion over four years. The impairments for both 2023 and 2024 were the highest globally for the company, indicating ongoing challenges in these regions.

On March 6, 2025, BP’s annual report disclosed an additional impairment of $1.495 billion for its operations in Mauritania and Senegal, compounding previous impairments over the last four years. Specifically, the company had incurred a write-off of $1.434 billion in 2023, $729 million in 2022, and $834 million in 2021. Consequently, the cumulative total of impairments from 2021 to 2024 amounts to approximately $4.492 billion.

The 2023 and 2024 impairments for Mauritania and Senegal represent BP’s most significant financial setbacks across all global operations, highlighting ongoing challenges faced in these regions. These impairments underscore the financial complexities and risks associated with BP’s investment strategy in the energy sector, revealing a trend of increasing write-offs over the years.

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In light of these developments, stakeholders in the energy industry are advised to monitor BP’s financial performance closely, particularly in relation to its operations in Mauritania and Senegal. This will provide valuable context for understanding broader industry trends as well as BP’s strategic positioning in an evolving market.

In summary, BP’s annual report highlights significant impairments totaling $4.492 billion for its Mauritania and Senegal operations over the past four years. The increasing write-offs for these regions signal potential challenges within BP’s investment frameworks and operational strategies. Stakeholders should remain attentive to BP’s financial movements, particularly in these impacted areas, to evaluate potential market implications.

Original Source: www.mees.com