TULLOW OIL PLC ORD GBP0.10
Symbol: TLW
Streaming is not available when market closed. Some prices may be as at close of business from the previous working day.
Whilst we endeavour to price investments on a real-time streaming or 15 min delayed basis, some prices may be as at close of business from the previous working day.
Invest in this share within an ISA, JISA, SIPP or Investment Account
Charts
Company
Business Summary
Tullow Oil plc is a United Kingdom-based independent oil and gas, exploration and production company. The Company's primary activity is the discovery and production of oil and gas. The Company operates through four segments: Ghana, Non-operated, Kenya and Exploration. It has exploration, development and production assets across Africa and South America. Its Non-operated producing assets include Uganda. It has over 30 licenses across eight countries in Africa and South America, which include Cote d’Ivoire, Gabon, Ghana, Kenya, Mauritania, United Kingdom, Argentina and Guyana. Its production assets are in West Africa, with offshore production from Ghana, Gabon and Cote d’Ivoire. The Company's subsidiaries include Hardman Oil and Gas Pty Ltd, Hardman Resources Pty Ltd, Tullow Mozambique Limited, Tullow Oil SPE Limited, Planet Oil International Limited, Tullow Congo Limited, Tullow Uganda Holdings Pty Ltd, Tullow Gabon Holdings Limited, Tullow Oil Limited and others.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2023, Tullow Oil plc revenues decreased 8% to $1.63B. Net loss totaled $109.6M vs. income of $49.1M. Revenues reflect Ghana segment decrease of 17% to $1.31B, Non-Operated segment decrease of 12% to $461.8M, Total Non- Operated segment decrease of 12% to $461.8M, Gabon segment decrease of 12% to $419.5M. Net loss reflects Ghana segment income decrease of 41% to $408.2M.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Revenue | 1,634.10 | 1,783.10 | 1,285.40 | 1,396.10 | 1,725.30 | 2,047.60 |
Gross profit | 764.90 | 1,085.60 | 646.50 | 402.50 | 758.60 | 1,081.60 |
Operating Profit/Loss | 381.90 | 733.90 | 526.70 | -1,017.70 | -1,385.10 | 528.40 |
Profit Before Tax | 95.90 | 442.10 | 214.90 | -1,273.40 | -1,653.40 | 260.50 |
Profit After Tax | -109.60 | 49.10 | -80.70 | -1,221.50 | -1,694.10 | 85.40 |
Equity Holders of Parent Company | -109.60 | 49.10 | -80.70 | -1,221.50 | -1,694.10 | 84.80 |
Minority Interest | NIL | -0.60 | NIL | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 3,178.00 | 3,611.60 | 4,112.70 | 4,650.40 | 6,799.90 | 8,212.00 |
Total Current Assets | 1,280.60 | 1,428.00 | 1,427.90 | 1,906.80 | 1,491.30 | 2,423.40 |
Total Assets | 4,458.60 | 5,039.60 | 5,540.60 | 6,557.20 | 8,291.20 | 10,635.40 |
Total Liabilities | 4,818.00 | 5,499.10 | 6,006.70 | 6,767.20 | 7,307.60 | 7,742.20 |
Total Net Assets | -359.40 | -459.50 | -466.10 | -210.00 | 983.60 | 2,893.20 |
Shareholders Funds | -359.40 | -459.50 | -466.10 | -210.00 | 983.60 | 2,893.20 |
Minority Interests | NIL | -0.60 | NIL | NIL | NIL | NIL |
Total Equity | -359.40 | -459.50 | -466.10 | -210.00 | 983.60 | 2,893.20 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy4 |
Buy4 |
Neutral1 |
Sell1 |
Strong Sell1 |
---|---|---|---|---|---|
Brokers | 4 | 4 | 1 | 1 | 1 |
Consensus |
ConsensusBuy |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2024 | 2025 | 2026 |
---|---|---|---|
Revenue | £1,669.34mn | £1,582.87mn | £1,595.28mn |
Pre-tax-Profit | £966.93mn | £915.88mn | £912.30mn |
EPS | £0.19p | £0.17p | £0.19p |
EPS Growth | 0.00% | -9.58% | 10.43% |
P/E | 1.82 | 1.99 | 1.7 |
PEG Ratio | 0.00 | -0.21 | 0.16 |
Dividend | 0.00p | 0.00p | 0.00p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
13th Jun 2023 | Barclays | Reiteration | 25p | 0p | 49p | Overweight |
26th May 2023 | Barclays | Reiteration | 26p | 56p | 49p | Overweight |
23rd May 2023 | Peel Hunt Limited | Reiteration | 25p | 0p | 80p | Buy |
12th Apr 2023 | Jefferies | DownGrade | 30p | 40p | 25p | Underperform |
13th Mar 2023 | Canaccord Genuity | Reiteration | 32p | 62p | 54p | Buy |
26th Jan 2023 | JP Morgan Cazenove | Reiteration | 38p | 83p | 56p | Overweight |
26th Jan 2023 | Barclays | Reiteration | 38p | 63p | 62p | Overweight |
17th Nov 2022 | Barclays | Reiteration | 47p | 67p | 68p | Overweight |
31st Oct 2022 | Barclays | Restart Coverage | 41p | 67p | 67p | Overweight |
21st Oct 2022 | Barclays | Reiteration | 38p | 79p | 83p | Overweight |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
24 Apr 2024 | 17:26 | 34.961 | 140,501 | Sell |
24 Apr 2024 | 17:26 | 35.1 | 102,255 | Sell |
24 Apr 2024 | 17:24 | 35.07 | 4,981 | Sell |
24 Apr 2024 | 17:20 | 35.1 | 8,438 | Sell |
24 Apr 2024 | 17:20 | 35.038 | 52,203 | Sell |
24 Apr 2024 | 17:03 | 35.091 | 7,004 | Sell |
24 Apr 2024 | 17:02 | 34.518 | 2,400 | Sell |
24 Apr 2024 | 16:52 | 35.03 | 63,785 | Sell |
24 Apr 2024 | 16:35 | 35.1 | 436,696 | Unknown |
24 Apr 2024 | 16:35 | 35.1 | 292 | Buy |
24 Apr 2024 | 16:30 | 35 | 134,786 | Unknown |
24 Apr 2024 | 16:29 | 35 | 1,152 | Buy |
Selected data supplied by Thomson Reuters © View restrictions.