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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 | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.53B | 1.63B | 1.78B | 1.27B | 1.40B | Gross Profit |
| 754.00M | 790.80M | 1.09B | 634.30M | 402.50M | EBIT |
| 595.60M | 295.90M | 1.28B | 514.50M | 374.40M | EBITDA |
| 1.11B | 860.20M | 1.20B | 930.80M | -492.80M | Net Income Common Stockholders |
| 54.60M | -109.60M | 49.10M | -80.70M | -1.22B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 548.60M | 499.00M | 636.30M | 469.10M | 805.40M | Total Assets |
| 4.05B | 4.46B | 5.04B | 5.54B | 6.56B | Total Debt |
| 2.71B | 2.99B | 3.46B | 3.73B | 4.39B | Net Debt |
| 2.16B | 2.50B | 2.82B | 3.26B | 3.58B | Total Liabilities |
| 4.32B | 4.82B | 5.50B | 6.01B | 6.77B | Stockholders Equity |
| -272.70M | -359.40M | -459.50M | -466.10M | -210.00M |
| Cash Flow | Free Cash Flow | |||
| 534.00M | 583.70M | 771.40M | 550.40M | 267.70M | Operating Cash Flow |
| 758.50M | 876.20M | 1.08B | 786.90M | 698.60M | Investing Cash Flow |
| -213.10M | -268.50M | -356.20M | -101.70M | 84.30M | Financing Cash Flow |
| -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 |
|---|---|---|---|---|---|---|---|
68 Neutral | £224.97M | 3.16 | 18.48% | 60.29% | -21.23% | ― | |
61 Neutral | £262.73M | 5.91 | ― | -11.70% | ― | ||
58 Neutral | £140.87M | ― | -80.82% | ― | -5.92% | -91.89% | |
58 Neutral | $154.19M | ― | -15.72% | ― | -14.44% | -22.34% | |
58 Neutral | $7.37B | 3.39 | -4.49% | 10.01% | 0.82% | -49.15% | |
56 Neutral | £157.18M | 17.20 | -3.25% | ― | -28.38% | 90.60% |
Tullow Oil Corporate Events
The Government of Ghana, Tullow Oil, and its partners have signed a Memorandum of Understanding to extend the production licenses for the Jubilee and TEN fields to 2040. This agreement includes plans to drill up to 20 additional wells, representing a $2 billion investment, and aims to increase gas supply while reducing gas prices. The extension is expected to enhance Ghana’s energy sector, providing economic growth, job opportunities, and increased reserves, thereby benefiting both the country’s development and the stakeholders involved.
The most recent analyst rating on (GB:TLW) stock is a Sell with a £18.00 price target. To see the full list of analyst forecasts on Tullow Oil stock, see the GB:TLW Stock Forecast page.
Tullow Oil plc has announced that as of May 30, 2025, its issued share capital consists of 1,461,244,156 ordinary shares with voting rights, and no shares are held in treasury. This information is crucial for shareholders to calculate their interest in the company, as per the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:TLW) stock is a Sell with a £18.00 price target. To see the full list of analyst forecasts on Tullow Oil stock, see the GB:TLW Stock Forecast page.
Tullow Oil has applied for a block listing of 18,000,000 ordinary shares on the London Stock Exchange to support its Employee Share Award Plan and Tullow Incentive Plan. This move is expected to enhance the company’s capital structure and provide incentives for its employees, potentially impacting its market position positively.
The most recent analyst rating on (GB:TLW) stock is a Sell with a £18.00 price target. To see the full list of analyst forecasts on Tullow Oil stock, see the GB:TLW Stock Forecast page.
Tullow Oil plc announced that all resolutions proposed at its Annual General Meeting on May 22, 2025, were passed by the required majority. The resolutions included the adoption of the company’s annual accounts, approval of the remuneration report, re-election of directors, and re-appointment of Ernst & Young LLP as auditors. The successful passage of these resolutions indicates strong shareholder support for the company’s strategic direction and governance.
The most recent analyst rating on (GB:TLW) stock is a Sell with a £18.00 price target. To see the full list of analyst forecasts on Tullow Oil stock, see the GB:TLW Stock Forecast page.
Tullow Oil has announced significant progress in strengthening its financial position through the divestment of non-core assets in Gabon and Kenya, expected to generate $380 million in cash proceeds. The company is also advancing plans to refinance its capital structure and optimize costs, aiming for $10 million in annual savings. Operationally, Tullow’s production levels are within the expected range, and new drilling campaigns in Ghana are underway, which are expected to enhance reserves growth. These strategic moves are set to solidify Tullow’s foundation for future value creation and improve its market positioning.
The most recent analyst rating on (GB:TLW) stock is a Sell with a £18.00 price target. To see the full list of analyst forecasts on Tullow Oil stock, see the GB:TLW Stock Forecast page.
Tullow Oil has signed a sale and purchase agreement to divest its entire Gabonese asset portfolio to Gabon Oil Company for $300 million. This strategic move is expected to significantly reduce Tullow’s net debt, strengthen its balance sheet, and align with its strategy of focusing on high-margin, self-funded production. The transaction will enable Tullow to optimize its capital structure and pursue growth opportunities in West Africa, enhancing value for stakeholders.
The most recent analyst rating on (GB:TLW) stock is a Sell with a £18.00 price target. To see the full list of analyst forecasts on Tullow Oil stock, see the GB:TLW Stock Forecast page.
Tullow Oil has released its report on payments to governments for the year 2024, detailing financial transactions with various governments in accordance with regulatory requirements. The report highlights significant payments made in the form of income taxes, royalties, and infrastructure improvement payments, reflecting Tullow’s ongoing commitments and financial interactions with host countries. This disclosure underscores the company’s transparency and its role in contributing to the economies of the countries where it operates.
The most recent analyst rating on (GB:TLW) stock is a Sell with a £18.00 price target. To see the full list of analyst forecasts on Tullow Oil stock, see the GB:TLW Stock Forecast page.
Tullow Oil plc has released its report on payments to governments for the year 2024, detailing financial transactions in compliance with regulatory requirements. The report highlights significant payments made to various governments, including $357 million in income taxes and $26 million in royalties, reflecting the company’s substantial operational footprint in countries like Ghana and Gabon. This disclosure underscores Tullow Oil’s commitment to transparency and its role in contributing to the economies of its host countries.
RWC Asset Management LLP has acquired or disposed of voting rights in Tullow Oil PLC, crossing a threshold of 4.9136% of the total voting rights. This change in holdings could impact Tullow Oil’s shareholder structure and influence its strategic decisions, reflecting ongoing interest and investment activities in the company.
Tullow Oil plc has announced that as of April 30, 2025, its issued share capital consists of 1,460,890,410 ordinary shares with voting rights, with none held in treasury. This information is crucial for shareholders to determine their notification obligations under the FCA’s Disclosure Guidance and Transparency Rules.
Tullow Oil plc announced a managerial transaction involving Roald Goethe, a Non-Executive Director, who purchased 150,000 ordinary shares at £0.1350 each, totaling £20,250. This transaction, conducted on the London Stock Exchange, reflects confidence in the company’s future prospects and may influence stakeholder perceptions positively.
Tullow Oil PLC has announced a change in major holdings, with Sustainable Capital Ltd increasing its voting rights from 3.47% to 4.52%. This acquisition of voting rights indicates a growing interest and investment in Tullow Oil, potentially impacting the company’s strategic decisions and influencing stakeholder confidence.
Tullow Oil has agreed to sell its Kenyan assets to Gulf Energy for $120 million, with near-term cash receipts of $80 million and an option to participate in future development phases at no cost. This transaction is part of Tullow’s strategy to accelerate its deleveraging process, reduce capital exposure, and position the company for successful refinancing, while transferring all past and future liabilities to the buyer.
Tullow Oil has published its 2024 Annual Report and Sustainability Report, following its preliminary full-year results announcement. The company has also announced its 2025 Annual General Meeting, which will take place on 22 May 2025. The reports are available on Tullow’s website and have been submitted to the National Storage Mechanism and the Ghana Stock Exchange, making them accessible to shareholders in Ghana. This publication highlights Tullow’s ongoing commitment to transparency and sustainability, potentially impacting its operational and market positioning positively.
Tullow Oil plc announced a transaction involving Roald Goethe, a Non-Executive Director, who purchased 150,000 ordinary shares at a price of £0.144 each, totaling £21,600. This transaction, conducted on the London Stock Exchange, reflects confidence in the company’s market position and may influence stakeholder perceptions of Tullow Oil’s future prospects.
Tullow Oil plc has announced its total voting rights as of March 31, 2025, with an issued share capital of 1,459,660,067 ordinary shares, each with voting rights. This announcement is in line with the FCA’s Disclosure Guidance and Transparency Rules, providing shareholders with necessary information for regulatory compliance and potential changes in their shareholding interests.
Tullow Oil announced a transaction involving the purchase of 700,000 ordinary shares by Roald Goethe, a Non-Executive Director, at the London Stock Exchange. This transaction, valued at £103,390.00, reflects a strategic move that could potentially impact Tullow Oil’s market perception and stakeholder confidence.
Tullow Oil plc announced a transaction involving the purchase of 400,000 ordinary shares by Roald Goethe, a Non-Executive Director of the company. The shares were acquired at varying prices on the London Stock Exchange, totaling £68,010. This transaction reflects a significant investment by a key managerial figure, potentially indicating confidence in the company’s future performance and stability.
Tullow Oil has announced its full-year results for 2024, highlighting a mix of successes and challenges. The company is focusing on production optimization and reserves maturation in Ghana, and has resolved a significant tax arbitration in Ghana, removing a $320 million liability. Tullow also plans to sell its Gabonese assets for $300 million, which will aid in debt reduction. The company is advancing its refinancing plan and aims to maintain financial discipline while optimizing production and driving reserve growth. Despite a slight decrease in production and revenue, Tullow has reduced its net debt and achieved significant operational milestones, including the completion of five new Jubilee wells ahead of schedule.