My account

Trade Tullow Oil PLC

Show more details
  • Full Name Tullow Oil PLC
  • Currency GBP
  • Spread Type Floating
  • Margin 20%
  • Min traded quantity 1
  • Stock exchangeUnited Kingdom of Great Britain and Northern Ireland
  • Long position overnight fee -0.0125%
  • Short position overnight fee -0.0094%
  • Overnight fee time 21:00 (UTC)
  • Derivative Type Contract for Difference
  • Trading hours (UTC)
    Mon - Fri: 07:00 - 15:30

Tullow Oil PLC (TLW)

What is Tullow Oil?

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 90 production and exploration licences throughout 16 countries and has 34 producing fields. Tullow Oil operates through three Business Delivery Teams: West Africa, East Africa and New Ventures. It employs around 1,150 people.

Who are the key people at Tullow Oil?

Aidan Heavey, the founder of Tullow Oil, was Chief Executive Officer for 31 years until 2017, when he was appointed as non-executive Chairman for a transitional period not exceeding two years. His successor as CEO is Paul McDade, who has been with the company since 2001 and was appointed Chief Operating Officer in 2004. Two other key figures at Tullow are Angus McCoss (Exploration Director) and Les Wood (Chief Financial Officer).

What is the modern history of Tullow Oil?

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 U.K. 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 U.K. 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 $1.1 billion. In 2010 Tullow executed an equity placing, whose proceeds were used to pay for the purchase of Heritage Oil’s Ugandan 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.

What are the latest developments at Tullow Oil?

In its financial results for the full year 2017, Tullow Oil reported total revenue of $1.72 billion (up from $1.27 billion the previous year). Gross profit was $815 million (up from $547 million in 2016), and the company made a post-tax loss of $189 million, against a loss of $597 million the year before.Tullow’s West Africa oil production exceeded expectations for the year, and in Europe working interest gas production performed in line with expectations.

The Tullow Oil share pricehas seen some huge fluctuations over the past 15 years or so, climbing from 80p in July 2003 to over £15 in February 2012. The shares then plunged, and by January 2016 they were back at just 130p. In early April 2018 the shares stood at around 200p, giving the company a market capitalisation of about £3 billion. To find out how Tullow Oil shares are doing right now, follow Our TLW chartputs all the information at your fingertips.

Where does Tullow Oil operate?

Tullow Oil is headquartered in London. Its West Africa operations are currently 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).

Where is Tullow Oil traded?

Tullow Oil is listed on the London Stock Exchange (LSE), the Irish Stock Exchange (ISE) and the Ghana Stock Exchange (GSE). The shares are a constituent of the FTSE 250 index. Check out for the latest TLW chart. We’ll keep you up to date and in the picture.

Learn more

Start trading today

You might be interested in

Advantages of trading CFDs

CFDs allow you to benefit from all the price fluctuations of a product without ever having to own the product itself. Never worry about liquidity issues, or whether an exchange is down, by trading CFDs.

Smart Feed

Our revolutionary AI technology helps you be a better trader by highlighting if you’re trading with a bias.

Trade with ease

Our state of the art app is designed with you in mind providing great execution as standard. Personalise it so you can do everything you want instantly.

Tailored education

Investmate brings you personalised, up to date educational material on the go, to help you avoid biases, and become a better trader.

Negative balance protection

We focus on providing you with peace of mind. Negative balance protection ensures your losses will never exceed what’s in your account.

Commision-free deposits and withdrawals

We cover all the charges so you can keep more of your money to trade the markets

24/7 support

We’re here 24 hours a day for you. Anything that you need, we are here to solve