Tullow Oil

Trading statement

  • Sectors : Resource
  • Companies : Tullow Oil

Ratings and price correct at time of issue.

  • Tullow Oil

    Closing Price: 22.8p

  • RATING 15/01/20

  • PREVIOUS RATING 09/12/19

    UNDER REVIEW

DAVY VIEW

Tullow Oil has issued a trading statement maintaining full year production guidance as well as capex and decommissioning costs. Free cashflow guidance has been lowered due to the timing of payments, but net debt is still expected to decline to $1.4bn by year end, which is in line with our forecast.

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Nov 28 2024, 08:05 GMT

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