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Davy Research

Tullow Oil

Trading statement and operating update

Jan 30 2025, 09:03 GMT
Colin Grant
Company Report
6 page(s)

Sectors : Resource

Companies : Tullow Oil

Ratings and price correct at time of issue.

Tullow Oil

Closing Price: 19.4p
RATING 15/01/20
OUTPERFORM
PREVIOUS RATING 09/12/19

UNDER REVIEW

Person's Name

Colin Grant

Analyst

DAVY VIEW

Tullow’s trading statement reflects results for 2024 that are broadly in line with our forecasts. Guidance for production and free cashflow in 2025 is below our forecast and the company will undertake drilling in 2025 to boost production in 2026. The company is considering non-core disposals to accelerate its deleveraging.

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Jan 30 2025, 09:03 GMT