Tullow Oil

Trading statement

  • Sectors : Resource
  • Companies : Tullow Oil

Ratings and price correct at time of issue.

  • Tullow Oil

    Closing Price: 30.2p

  • RATING 15/01/20

  • PREVIOUS RATING 09/12/19

    UNDER REVIEW

Person's Name

Colin Grant

Analyst

DAVY VIEW

Tullow’s trading statement confirms that free cashflow generation in 2023 was above guidance at $170m. Guidance for free cashflow in 2024/2025 of over $600m at $80/bbl remains unchanged and would reduce net debt below $1bn. Production guidance is below our forecast but is offset by lower capex.

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Jan 24 2024, 07:10 GMT

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