Tullow Oil/£TLW

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About Tullow Oil

Tullow Oil PLC, identified by the ticker TLW, is an independent oil and gas exploration and production company. Founded in 1985 and headquartered in London, UK, Tullow Oil primarily operates in Africa and South America, focusing on the discovery, development, and monetization of oil and gas reserves. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Ticker
£TLW
Sector
Energy
Primary listing
LSE
Employees
346
Headquarters
London, United Kingdom
Website
www.tullowoil.com

Tullow Oil Metrics

BasicAdvanced
£330M
64.52
£0.00
0.43
-

What the Analysts think about Tullow Oil

Analyst ratings (Buy, Hold, Sell) for Tullow Oil stock.
Analyst projections of the future price of Tullow Oil stock.

Bulls say / Bears say

First-half 2026 production averaged 43.7 kboepd, above the full-year range’s midpoint, and management expects output at the high end of its 34-42 kboepd guidance. Jubilee and TEN also delivered more than 99% FPSO uptime, while new Jubilee wells performed ahead of expectations. (Tullow Oil, Reuters)
Tullow upgraded 2026 free-cash-flow guidance to $170m-$250m from $70m-$175m, helped by stronger production, higher realised prices and progress on Ghana receivables. Gross debt also fell by about $100m to $1.6bn in the first half. (Tullow Oil, Reuters)
The Jubilee and TEN petroleum agreements have been extended to 2040, supporting a longer reserve and drilling runway. Buying the TEN FPSO should remove its annual lease cost and create operating synergies with Jubilee, improving the economics of future production. (Tullow Oil, Tullow Oil)
Net debt was still about $1.4bn at 30 June, while first-half free cash flow was only $4m after $64m of cash interest and $68m of one-off refinancing costs. This leaves little room for execution mistakes or a weaker oil market. (Tullow Oil)
Tullow is now heavily dependent on its Ghanaian assets and on recovering receivables from the Ghanaian government. A production interruption, fiscal dispute or delayed payment in Ghana would therefore hit both operations and cash flow at the same time. (Tullow Oil, Kalkine)
The business remains highly exposed to oil prices despite its hedging programme, with 2026 free-cash-flow guidance based on a $70-$100 per barrel range. Tullow also faces a net $125.6m payment for the TEN FPSO at the end of the first quarter of 2027, which could compete with debt reduction for cash. (Tullow Oil, Tullow Oil)
Data summarised monthly by Lightyear AI. Last updated on 22 Sept 2026.

Tullow Oil Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Tullow Oil Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
Latest price is delayed by 15 minutes. Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by London Stock Exchange, through Infront.