Tullow Oil

FY 2021 results reflect further progress

  • Sectors : Resource
  • Companies : Tullow Oil

Ratings and price correct at time of issue.

  • Tullow Oil

    Closing Price: 62.2p

  • RATING 15/01/20

  • PREVIOUS RATING 09/12/19



Tullow Oil has reported FY 2021 results that are in line with our forecasts. Net debt has further declined and is set to do so again in 2022. Production guidance is unchanged, while operating cash flow guidance has improved slightly to offset a one-off payment. Reserves and resources provide a significant opportunity.

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Mar 9 2022, 07:10 GMT