What does the engine oil pressure warning light mean?

I recently purchased a BMW 5 Series and noticed that the engine oil pressure warning light has come on. What does this mean and what should I do?

The engine oil pressure warning light indicates that there is a drop in oil pressure which could lead to engine damage. It is important to check the oil level and pressure immediately.

Make sure to turn off the engine and check for any visible leaks or signs of damage before adding more oil, if necessary.

Do not drive the car if the oil pressure light is still on after adding oil and checking for any issues. It is best to have a professional mechanic look at the car to diagnose and fix the issue.