UK's Tullow Oil falls; analysts flag unchanged debt as concern
05/08/2026 10:24
BUZZ-UK's Tullow Oil falls; analysts flag unchanged debt as concern ** Shares of West Africa-focused oil and gas explorer Tullow Oil TLW.L fall as much as 4.4% to 14.64p
** Top percentage loser on the FTSE small-cap index .FTSC, which is up 0.4%** Co says net debt was about $1.4 billion at 30 June, unchanged from a year earlier
** Panmure Liberum says the main reason for the fall is the lack of movement in net debt despite stronger free cash flow generation
** Jefferies echoes concern over unchanged debt despite a strong H1** TLW says group production averaged about 43.7 kboepd in H1
** Oil prices rose on Wednesday after Yemen's Iran-aligned Houthi rebels said they attacked a Saudi oil tanker in the Red Sea
** YTD co's stock up about 153% while FTSC is up 8%
(Reporting by Megha Anilkumar Nair in Bengaluru)
Recent news on Tullow Oil
See all newsUK's Tullow Oil plunges most in almost 7 years after Ghana tax tribunal ruling
Tullow Oil loses $196.5 million Ghana tax dispute; shares tank (updated)
UK's Tullow Oil plunges after Ghana tax tribunal ruling
Tullow Oil loses $196.5 million tax dispute against Ghana
Brief: Tullow Oil Gets ICC Ruling On $196.5 Million Tax Assessment In Ghana