9.18p
-3.37%
Close of 9 Nov 2026, in pence
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About Tullow Oil
Its shares trade on LSE under the ticker TLW.L. It has been listed since 18 December 2000. In the fiscal year to 31 December 2024, it reported revenue of $1.53bn and net income of $54.6m. At that date it held total assets of $4.05bn and shareholders' equity of −$272.7m.
Tullow Oil Plc engages in the exploration, development and production of oil and gas. The firm'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. The company 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. The company has operations in Africa and South America.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Energy
- Industry
- Oil, Gas & Consumable Fuels
- Listed since
- 18 Dec 2000
- Employees
- 951
- Website
- tullowoil.com ↗
Leadership
Pay as last reported
- Mr. Phuthuma NhlekoNon-Executive Independent Chairman of the Board£335,284
- Mr. Ian PerksChief Executive Officer, Executive Director, since 2025
- Mr. Richard MillerChief Financial Officer, Executive Director, since 2022£652,602
- Mr. Adam HollandCompany Secretary
- Mr. Roald GoetheNon-Executive Independent Director£68,606
- Mr. Martin GreensladeSenior Non-Executive Independent Director£148,649
- Mr. Mitchell IngramNon-Executive Independent Director£85,415
- Ms. Genevieve SangudiNon-Executive Independent Director£88,127
- Ms. Rebecca WilesNon-Executive Independent Director£70,201
- Mr. Matthew EvansInterim Head of Investor Relations, since 2024
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 84
- Environment
- 65
- Social
- 99
- Governance
- 88
- Direct emissions (scope 1)
- 2,341,794 t
- Energy emissions (scope 2)
- 869 t
- Value chain emissions (scope 3)
- 9,355,890 t
- Women in the workforce
- 25.81454%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Diversified portfolio: Tullow Oil holds exploration and production assets in multiple countries, reducing its exposure to geopolitical risks and providing potential for growth.
- Technological expertise: The company has extensive technical knowledge and capabilities in exploration and production activities, allowing it to efficiently identify and extract hydrocarbon resources.
- Strong financial position: Tullow Oil has a robust financial position with a healthy cash flow and solid balance sheet, enabling it to invest in new opportunities and withstand market fluctuations.
Weaknesses
- Dependency on few assets: Tullow Oil's revenue heavily relies on a limited number of assets, which exposes the company to the risk of production declines or disruptions in those particular regions.
- Debt burden: The company carries a significant amount of debt, which puts pressure on its financial flexibility and may limit its ability to pursue new ventures or withstand prolonged downturns in oil prices.
- Vulnerability to oil price fluctuations: Tullow Oil's profitability is strongly influenced by global oil prices, making it susceptible to market volatilities and potentially affecting its investment plans.
Opportunities
- Expansion into new markets: Tullow Oil can seek growth opportunities by entering untapped markets or acquiring assets in regions with high resource potential.
- Focus on renewable energy: The company can diversify its energy portfolio by strategically investing in renewable energy sources, capitalizing on the increasing global demand for sustainable solutions.
- Collaboration and partnerships: Tullow Oil can form strategic alliances with other industry players or local companies, leveraging synergies and sharing risks while accessing new markets.
Threats
- Geopolitical risks: Tullow Oil operates in politically unstable regions, facing challenges such as regulatory changes, security issues, and potential nationalization of assets.
- Environmental concerns: Increasing environmental regulations and growing public pressure to reduce carbon emissions pose risks to Tullow Oil's operations and may result in stricter regulations or reputational damages.
- Intense competition: The oil and gas industry is highly competitive, with major players and new entrants vying for market share, potentially impacting Tullow Oil's ability to secure lucrative contracts or access resources.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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