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Tullow Oil
(LSE:TLW)
Tullow Oil (TLW) vs. iShares MSCI United Kingdom ETF (EWC)
Tullow Oil Business Overview & Revenue Model
Tullow Oil Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 981.40M | 1.53B | 1.63B | 1.78B | 1.29B | 1.40B |
| Gross Profit | 381.35M | 754.00M | 790.80M | 1.09B | 646.50M | 402.50M |
| EBITDA | 656.85M | 1.11B | 860.20M | 1.20B | 930.80M | -492.80M |
| Net Income | -171.75M | 54.60M | -109.60M | 49.10M | -80.70M | -1.22B |
Balance Sheet | ||||||
| Total Assets | 3.61B | 4.05B | 4.46B | 5.04B | 5.54B | 6.56B |
| Cash, Cash Equivalents and Short-Term Investments | 187.50M | 548.60M | 499.00M | 636.30M | 469.10M | 805.40M |
| Total Debt | 2.47B | 2.71B | 2.99B | 3.46B | 3.73B | 4.39B |
| Total Liabilities | 3.93B | 4.32B | 4.82B | 5.50B | 6.01B | 6.77B |
| Stockholders Equity | -329.70M | -272.70M | -359.40M | -459.50M | -466.10M | -210.00M |
Cash Flow | ||||||
| Free Cash Flow | 439.55M | 534.00M | 583.70M | 771.40M | 550.40M | 267.70M |
| Operating Cash Flow | 569.60M | 758.50M | 876.20M | 1.08B | 786.90M | 698.60M |
| Investing Cash Flow | -107.15M | -213.10M | -268.50M | -356.20M | -101.70M | 84.30M |
| Financing Cash Flow | -357.05M | -492.20M | -742.50M | -552.80M | -1.03B | -271.70M |
Tullow Oil Technical Analysis
Tullow Oil Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | £121.55M | 1.03 | 34.81% | ― | 7.74% | ― | |
58 Neutral | £188.27M | -2.24 | -26.37% | 4.38% | -18.05% | -634.88% | |
56 Neutral | £160.25M | -3.86 | -11.54% | ― | -0.20% | -25.68% | |
53 Neutral | £84.37M | -0.54 | ― | ― | -32.47% | -1490.91% | |
52 Neutral | £134.27M | -8.06 | -6.29% | ― | -32.66% | 72.67% | |
44 Neutral | £150.81M | -4.15 | -92.03% | ― | -16.87% | 21.18% |
Tullow Oil Corporate Events
Tullow Oil has appointed Roald Goethe as the new independent non-executive Chair of the Board, effective December 1, 2025, following the resignation of Phuthuma Nhleko. Goethe brings extensive experience in the African energy sector and has been a long-term supporter of Tullow. The company is undergoing a Board reset, with several directors stepping down, which is expected to reduce costs and streamline operations. This leadership change is part of Tullow’s strategy to strengthen its position in the African oil and gas sector and advance plans to refinance its capital structure, aiming to deliver value for stakeholders.
Tullow Oil has made significant strides in enhancing its financial stability and operational efficiency, particularly in Ghana, by selling its interests in Kenya and Gabon for a combined total of over $400 million. The company is focusing on optimizing production and managing natural decline in existing wells, while also planning new drilling activities. Tullow is addressing financial challenges by engaging with creditors and exploring refinancing options, aiming to maintain a sustainable financial footing. The company expects its 2025 production to be at the lower end of the forecasted range and is working to resolve outstanding receivables with the Government of Ghana.
Tullow Oil plc has announced its total voting rights as of October 31, 2025, with an issued share capital of 1,475,023,041 ordinary shares, all with voting rights. This information is crucial for shareholders to determine their interests in the company under the FCA’s Disclosure Guidance and Transparency Rules.
Tullow Oil PLC has announced the granting of nil-cost option awards over its ordinary shares to its CEO, Ian Perks, and CFO, Richard Miller, under its 2023 Executive Share Plan. These awards, contingent on achieving specified shareholder return targets over a three-year period, reflect the company’s strategy to align executive incentives with shareholder interests, potentially impacting its market positioning and stakeholder relations.
Tullow Oil plc has announced that as of 30 September 2025, its issued share capital consists of 1,465,023,041 ordinary shares with voting rights, and no shares are held in treasury. This update is in accordance with the FCA’s Disclosure Guidance and Transparency Rules, allowing shareholders to calculate their interests in the company, which could impact their notification requirements.
Tullow Oil announced the vesting of 71,056 ordinary shares awarded to Chief Financial Officer Richard Miller under the company’s 2014 Employee Share Award Plan. This transaction, conducted outside a trading venue, reflects the company’s ongoing commitment to rewarding its key managerial personnel, potentially impacting stakeholder perceptions of the company’s executive compensation strategies.
Tullow Oil has published its mid-year 2025 reserves report, indicating a decrease in total reserves from 128.5 mmboe at the end of 2024 to 113.8 mmboe as of June 2025, primarily due to production and performance revisions. The company anticipates increasing its 2P reserves in Ghana through new seismic data and ongoing collaboration with the Ghanaian government, which includes extending production licenses and exploring further drilling opportunities.
Tullow Oil has completed the sale of its Kenya assets to Auron Energy E&P Limited, an affiliate of Gulf Energy Ltd, for a minimum of $120 million. This transaction marks Tullow’s exit from Kenya after 14 years and is part of its strategic priorities for 2025, aimed at strengthening its balance sheet and positioning the company for refinancing its capital structure. The sale is expected to impact Kenya’s domestic energy sector positively, with Gulf Energy taking over the project to advance energy security and development in the Turkana region.