April 25, 2018 / 7:30 AM / a month ago

Tullow Oil CFO raises prospect of return to dividends

LONDON, April 25 (Reuters) - Tullow Oil’s finance chief raised the prospect that the Africa-focused producer may resume its dividend, which it froze in 2015 due to the oil price crash.

“This year we’ll be maximizing cash flow with a focus on strengthening the balance sheet.. and with our continued performance over the year that allows us to consider return to the shareholders,” Chief Financial Officer Les Wood told Reuters. (Reporting by Shadia Nasralla, editing by Louise Heavens)

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