Live News EARNINGS ARTICLE M impact Sep 28, 2026, 06:46 AM UTC

Tullow Oil swings to positive first-half free cash flow on Ghana output

Revenue rose to $496 million from $411 million a year earlier. Realised oil price before hedging increased to $95.0 a barrel from $71.4.

TLW.L

SquawkNews Newsroom 1 updates Updated Sep 28, 2026, 07:15 AM UTC

Story updates

07:15:34 AM UTC

SquawkNews

* Shares of Tullow Oil up 2.3% at 22p * The West Africa-focused independent oil and gas explorer reports first-half free cash flow of $4 million, compared with negative $188 million a year earlier * Tullow reiterates full-year production outlook to be at the top end of its forecast range of 34 kboepd to 42 kboepd * As of last close, Tullow stock up ~256.2% (Reporting by Atharva Singh in Bengaluru) ((Atharva.singh@thomsonreuters.com)

Sept 28 (Reuters) — West Africa-focused Tullow Oil reported a sharp improvement in first-half free cash flow on Monday, driven by strong output from its Ghana fields, stronger-than-expected new-well performance and higher oil prices stemming from the Iran war. Here are details: Tullow's free cash flow swung to $4 million for the first half ended June 30 from negative $188 million a year earlier. 4 per barrel. 7 kboepd in the first half.

Peel Hunt analysts said Tullow's Ghana assets outperformed their expectations, supported by successful drilling results and strong uptime. Tullow has spent the past year reshaping itself around Ghana, selling non-core assets in Gabon and Kenya, refinancing its debt and securing licence extensions for its flagship Jubilee and TEN fields until 2040. com)