Tullow Oil Plc releases final results for FY2019

  • Mar 12, 2020 GMT
  • Team Kalkine
  • Group working interest production attained an average of 86,800 boepd
  • Revenue came in at $1,683 million, gross profit at $759 million while loss after tax came in at $1,694 million
  • Free cash flow was at $355 million, year-end net debt was $2.8 billion. Gearing came in 2.0x net debt/EBITDA
  • The company commenced exploration campaign in Guyana
  • On 12th March 2020, at the time of writing, GMT 09:30 AM, TLW shares were trading at GBX 15.79, down by 2.33 points or 12.83% against the previous day closing price.

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