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Davy Research

Tullow Oil

H1 results as expected and FY2024 guidance maintained

Aug 7 2024, 08:21 IST/BST
Colin Grant
Company Report
6 page(s)

Sectors : Resource

Companies : Tullow Oil

Ratings and price correct at time of issue.

Tullow Oil

Closing Price: 27.4p
RATING 15/01/20
OUTPERFORM
PREVIOUS RATING 09/12/19

UNDER REVIEW

Colin Grant

Analyst

DAVY VIEW

Tullow’s H1 2024 results are as expected following its AGM statement on May 16th, and it has maintained free cash flow and net debt guidance for FY2024. We continue to await news on refinancing its existing debt facilities. A tax arbitration case in Ghana is expected to settle in H2 2024.

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Aug 7 2024, 08:21 IST/BST

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Tullow Oil

H1 results as expected and FY2024 guidance maintained

Tullow Oil

RATING 15/01/20

UNDER REVIEW

Colin Grant

DAVY VIEW

Download full report with analyst certification and important disclosures