UK's Tullow Oil plunges most in almost 7 years after Ghana tax tribunal ruling
30/09/2026 09:28
BUZZ-UK's Tullow Oil plunges most in almost 7 years after Ghana tax tribunal ruling Updates
** Shares of Tullow Oil TLW.L plunge almost 49% to 9.8p; on track for worst day since December 2019
** Stock of the West Africa-focused independent oil and gas explorer among the top losers on the London market
** International Chamber of Commerce tribunal rules against TLW's $196.5 million tax dispute with Ghana
** Rejects company's claim that Ghana's corporate income tax assessment on insurance proceeds received between 2016 and 2019 breached its petroleum agreements
** Tribunal also rules that penalties equivalent to 100% of tax assessment not covered by Tullow's contractual protections
** Including session's losses, TLW down about 62% YTD
(Reporting by Atharva Singh 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