Tullow Oil (GB:TLW) has released an update.
Tullow Oil PLC reported a strong first half of 2024 with a revenue of $759 million, a gross profit of $460 million, and a profit after tax of $196 million, exceeding previous year’s figures. The company successfully completed its Ghana drilling program ahead of schedule and has reaffirmed its financial guidance for the year. Tullow continues to focus on reducing debt and has achieved a net debt reduction, advancing towards its 2030 Net Zero target with a significant carbon offset initiative.
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