Tullow Oil plc


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Next Event

Full Year 2019 Tullow Oil PLC Earnings Release

Latest Developments


Repsol Q4 Production Up 2.7% Vs Q3

Tullow Oil still targeting Kenya Final Investment Decision by end of year -COO

Tullow Exec Chair says can't commit to new CEO announcement at FY results


About Tullow Oil plc

Tullow Oil plc is an independent oil and gas exploration and production company. The Company's primary activity is the discovery and production of oil and gas. Its segments include West Africa; East Africa, and New Ventures. The West Africa Business focuses on its production and development projects in West Africa and Europe. The business includes its operated asset, the Jubilee field in Ghana, the TEN Project and a portfolio of non-operated production assets in approximately five countries across the region. The East Africa Business is focused on exploration activity across the Company's acreage position in Kenya. The New Ventures Business is focused on its frontier exploration and appraisal activity across Africa and South America. It manages its New Ventures portfolio through both license acquisitions and farm downs of existing acreage. Its activities include targeted exploration and appraisal, and selective development projects. It has operations in Africa and South America.

Contact Info

Chiswick Park, 566 Chiswick High Road


Executive Leadership

Dorothy C. Thompson

Executive Chairman of the Board

Les Wood

Chief Financial Officer, Executive Director

Mark MacFarlane

Chief Operating Officer

Martin F. Greenslade

Non-Executive Director

Sheila Khama

Non-Executive Director

Key Stats

2.70 mean rating - 23 analysts
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Latest News

Latest News

Total and Tullow launch joint sale of stakes in Kenyan oil project: sources

Total <TOTF.PA> and Tullow Oil <TLW.L> aim to reduce their stakes in Kenya's first oil development with a joint sale that could see Tullow exit completely amid uncertainty over the project's launch, banking and industry sources said.

Defensive stocks buoy FTSE 100 before U.S.-China trade deal

London's main share index rose slightly on Wednesday, hours before the sealing of an initial U.S.-China trade deal, though sentiment was tempered when Washington said tariffs on Chinese goods would not be rolled back immediately.

Tullow to book $1.5 billion writedown on oil price outlook, reserves

Tullow Oil <TLW.L> is to take a $1.5 billion (1.15 billion pounds) writedown after cutting its long-term oil price assumptions by $10 to $65 a barrel, a downgrade to reserves in Ghana and disappointing exploration wells, the company said on Wednesday.

FTSE 100 inches higher ahead of Sino-U.S. trade deal

London's main index eked out modest gains on Wednesday, hours before the imminent inking of an initial U.S.-China trade deal, though sentiment was tempered as Washington said tariffs on Beijing would not be rolled back immediately.

Tullow to book $1.5 bln writedown on oil price outlook, exploration

Tullow Oil expects to report a $1.5 billion writedown after lowering its long-term oil price assumptions by $10 to $65 a barrel, an announced reduction in reserves in Ghana and disappointing exploration wells, it said on Wednesday.

China stimulus, trade progress help European shares mark strong start to decade

Fresh monetary stimulus in Beijing and growing Sino-U.S. trade optimism helped European shares stay close to record highs on Thursday with banks and technology stocks leading a broad-based rally.

Tullow shares drop on doubts over commercial viability of Carapa well

Shares of Tullow Oil <TLW.L> dropped by nearly a fifth on Thursday as the Africa-focused oil producer's update on the commercial viability of its new well offshore Guyana disappointed investors.

British shares begin 2020 with gains; Tullow Oil sinks

UK shares rose in the first trading session of the new decade, as investors welcomed China's easing monetary policy to support slowing growth and U.S. President Donald Trump's setting a date to sign a trade agreement with Beijing.

Tullow, Repsol strike low-sulphur crude in offshore Guyana

Africa-focused oil producer Tullow said on Thursday its Spanish partner Repsol had struck crude oil in a new well offshore Guyana, in promising news for a project which has become increasingly important to the London-listed firm.

S&P cuts Tullow Oil's credit rating after production blows, CEO exit

Ratings agency S&P Global on Friday downgraded Tullow Oil's <TLW.L> long-term credit rating to 'B' from 'B+', days after the Africa-focused company's Chief Executive Officer stepped down and it scrapped its dividend.

European shares dragged down by Tullow Oil and weak China export data

European stocks slipped on Monday, dragged down by a slump in shares of Tullow Oil after its chief executive stepped down and the oil and gas explorer scrapped its dividend, while weak data out of China also weighed on sentiment.

UK shares weaken, Tullow loses half its market cap

London's exporter-heavy FTSE 100 inched lower on Monday as oil majors and Asia-exposed financials fell on China growth worries and as the pound strengthened, while a 72% slump in Tullow Oil single-handedly dragged down midcaps.

Britain's Tullow Oil chief to exit as group loses half its value

More than half of the value of Africa-focused Tullow Oil <TLW.L> was wiped out on Monday as Chief Executive Officer Paul McDade stepped down and the oil producer scrapped its dividend after failing to meet production targets due to weak performance by flagship assets in...

Miners, banks weigh on FTSE 100; Tullow Oil plunges

London's blue-chip stocks retreated on Monday as oil majors and Asia-exposed financials fell after disappointing exports data from China stoked growth worries, while midcaps were weighed down by a 50% slump in Tullow Oil.

Uganda reaches deal on tax dispute, paves way for Tullow stake sale

Uganda said on Monday it had settled a tax dispute with international oil firms, clearing the way for Britain's Tullow Oil <TLW.L> to revive plans to sell a stake in its assets and allow the firms to move to a final decision on development.

Uganda says it has reached deal on tax dispute, paves way for Tullow stake sale

Uganda said on Monday it had reached a deal with international oil firms on a tax dispute, clearing the way for Britain's Tullow Oil to revive plans to sell a stake in its assets and allow the firms to move to a final investment decision.

UPDATE 2-Tullow Oil shares sink with outlook for production, heavy crude in Guyana

* Shares plunge to 2-year low (Adds detail on Guyana, analyst comments, background)

UK shares dip as Trump fails to soothe trade nerves

UK bluechip stocks retreated on Wednesday as traders grew weary of mixed signals from U.S. President Donald Trump about the progress of trade talks with China, while Tullow Oil slid after slashing production targets.

Tullow CEO says too early for new investment date on Uganda oil project

It is still too early to give a new timeline on a final green light for investment in Uganda's first oilfields, Tullow Oil <TLW.L> Chief Executive Paul McDade said on Wednesday, reiterating Tullow's plan to sell down its stake.

Tullow to drill at least 3 new Guyana wells in 2020 after second discovery

Tullow Oil <TLW.L> plans to drill three or more oil exploration wells in Guyana next year, Chief Executive Officer Paul McDade said on Monday after the firm's second offshore oil discovery in the South American country.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.