UK's Tullow Oil rises on solid year-to-date production
BUZZ-UK's Tullow Oil rises on solid year-to-date production ** Shares of West Africa-focused independent oil and gas explorer Tullow Oil TLW.L up ~4.5% at 15.12p
** Stock among top gainers on the FTSE small cap index .FTSC, which is up 0.1%
** Co reports working interest production from January to May at 43.1 kboepd, supporting expectation of hitting upper end of 2026 guidance of 34–42 kboepd
** "With group production at the higher end of guidance and our significant leverage to the oil price, including year-to-date realisations ahead of expectations, we remain well placed to generate significant free cash flow in 2026 and beyond," co says
** YTD, stock up ~154%
(Reporting by Roshni Srivastava 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