This is what has caused all issues with Shareholder value!! Net loss for the year was $5,462 million, largely due to the $4,907 million non-cash impairment charge taken mainly on oil and gas assets and exploration expenses, reflecting the significant decline in crude oil prices. It is important to highlight that this impairment is required by International Financial Reporting Standards ("IFRS") accounting rules and can be reversed in whole or in part once market conditions improves with a better oil price trend.