2210 Lakeside Dr, Orlando, FL 32803 +1 (929) 681-1835
info@tullowoilgas.com Investor Relations
Investor Relations

Investor Relations

Investment Case

A Compelling Investment Opportunity

Tullow Oil and Gas offers investors exposure to high-quality, long-life oil assets across the Americas and Europe with significant upside from exploration and development. Our disciplined capital allocation, growing free cash flow, and debt reduction strategy underpin our commitment to delivering shareholder value.

$1.4B
Revenue (FY 2024)

Strong revenue performance driven by steady production from Gulf of Mexico and North Sea assets with improving oil price realisations.

$620M
Free Cash Flow (FY 2024)

Disciplined capital expenditure and cost efficiency drove significant free cash flow generation used to reduce debt and fund exploration.

2.4B
Barrels 2P Reserves

Substantial proven and probable reserves provide a long-life resource base with significant development and exploration upside.

Why Invest in Tullow

Investment Highlights

World-Class Producing Assets High-quality, long-life oil fields in the Gulf of Mexico, Permian Basin, and North Sea with proven production track records and strong operational performance.
Significant Exploration Upside An extensive licence portfolio across 8 countries provides material exploration upside with the potential for transformational discoveries.
Free Cash Flow Generation Improving cost efficiency and capital discipline drives strong free cash flow generation that funds debt repayment and shareholder returns.
Strong ESG Credentials Industry-leading safety record, transparent reporting, and deep community investment enhance our social licence to operate.
Government Partnerships Long-standing, positive relationships with regulatory bodies across the Americas and Europe provide operational stability and preferential access to acreage.

Financial Summary

Stock Exchange London Stock Exchange (LSE)
Ticker Symbol TLW
Market Cap ~$1.8 Billion
Net Debt (YE 2024) $1.05 Billion
Production (FY 2024) 85,200 bopd
Brent Realised $78.40/bbl
Operating Cost $12.20/boe
Dividend Policy Under Review

Investor Contact

For shareholder enquiries, annual reports, and financial presentations:

investors@tullowoilgas.com
+1 (929) 681-1835
Contact Investor Relations
David Trung Phan – CEO
Message from the CEO

Delivering Shareholder Value

"Tullow is at an inflection point. With strengthening free cash flow, a disciplined approach to capital allocation, and a high-quality exploration portfolio, we are well-positioned to deliver long-term value to our shareholders. Our commitment to debt reduction, operational excellence, and responsible development underpins our investment case."

David Trung Phan

Chief Executive Officer
Reports & Presentations

Financial Reports & Filings

Annual Report 2024
Full Year Results
Download PDF
Q1 2025 Production Update
Operational Results
Download PDF
FY 2024 Preliminary Results
Full Year Financial Results
Download PDF
ESG Report 2024
Sustainability & ESG
Download PDF
Capital Markets Day 2024
Strategy Presentation
Download PDF
Q4 2024 Operations Update
Quarterly Operations
Download PDF

Partnering for a Sustainable Energy Future

We are committed to responsible oil and gas development that creates long-term value for our shareholders, host governments, and the communities where we operate.