Trade Tullow Oil PLC - TLW CFD

Tullow Company profile

Discover the latest Tullow Oil share price today with our interactive streaming chart

Tullow Oil (TLW) is one of the world’s largest oil and gas exploration and production companies. Primarily focused on finding oil in Africa and South America, the company holds an interest in around 70 production and exploration licences throughout 14 countries and has 28 producing fields. Tullow Oil operates through three Business Delivery Teams: West Africa, East Africa and New Ventures. Headquartered in London, it employs around 1,150 people.

Tullow Oil was founded in Ireland in 1986 to develop some small gas fields in Senegal. In 1989, the firm was awarded its first onshore UK licence and listed its shares on the London and Irish Stock Exchanges. International expansion came in the 1990s, and in 2000 Tullow bought gas fields in the UK North Sea from BP for £201m. 

The company doubled in size through the 2004 acquisition of Energy Africa, and in 2006 it acquired Hardman Resources for $1.1bn. In 2010 Tullow executed an equity placing, the proceeds of which were used to pay for the purchase of Heritage Oil’s Uganda assets. 

In 2012 Tullow completed a $2.9bn farm-down to Total and CNOOC in Uganda and used the proceeds to become debt-free. But Tullow struggled in the low oil price environment of the mid-2010s and there were disappointments in its African ventures.

Currently, Tullow Oil’s west African operations are conducted in Equatorial Guinea, Ivory Coast, Gabon and Ghana. Its east Africa operations are focused on realising value from oil discoveries made in Uganda and Kenya. Tullow Oil’s New Ventures operation is responsible for exploration and appraisal activity in a total of nine countries across Africa and South America (Guyana, Jamaica, Mauritania, Namibia, Pakistan, Peru, Suriname, Uruguay and Zambia).

Tullow Oil stock is listed on the London Stock Exchange (LSE), the Irish Stock Exchange (ISE) and the Ghana Stock Exchange (GSE). TLW stock is a constituent of the FTSE 250 index. You can track the Tullow Oil live share price on the interactive chart and trade it with CFDs at Capital.com.

The Tullow Oil stock price has seen some huge fluctuations over the past 20 years or so, climbing from 80p in July 2003 to more than £15 in February 2012. The TLW share price then plunged and, by January 2016, it was back at just 130p. In early April 2018 the shares stood at around 200p, giving the company a market capitalisation of about £3bn. 

Looking at the TLW stock chart today, you can see that in a one-year period the TLW share price has been fluctuating within a range of 7.17p-221.03p. Having reached the lowest point of 7.17p in March, the Tullow Oil stock quote rebounded to 38.17p in June 2020. However, the stock did not manage to hold the upward movement for long and gradually fell to 14.30p in October 2020.

Commenting on the company’s half-year results 2020, Rahul Dhir, chief executive officer, said: “Despite the very tough conditions in the first half of this year, we have successfully delivered reliable production and major, sustainable reductions to our cost base.” Tullow Oil reported revenue of $731m and averaged production of 77,700 barrels of oil per day (bopd), which goes in line with the company’s expectations. 

Keep an eye on the latest Tullow Oil share price to spot the best points to enter and exit a trade. Explore the Tullow Oil share price chart in real time at Capital.com and trade TLW shares with CFDs.