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Gulf Keystone Reports Strong 2024 Performance Amid Operational Challenges
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Gulf Keystone Reports Strong 2024 Performance Amid Operational Challenges

Story Highlights
  • Gulf Keystone maintained strong production and financial performance in 2024.
  • The company is working with stakeholders to resume crude exports and plans further shareholder returns.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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An announcement from Gulf Keystone Petroleum ( (GB:GKP) ) is now available.

Gulf Keystone Petroleum Ltd. reported a strong operational and financial performance in 2024 despite challenges in the operating environment. The company maintained robust production levels in the Shaikan Field and generated free cash flow, supporting shareholder distributions and maintaining a debt-free balance sheet. The company continues to engage with government stakeholders to facilitate the restart of crude exports and remains committed to returning excess cash to shareholders through dividends and share buybacks.

More about Gulf Keystone Petroleum

Gulf Keystone Petroleum Ltd. is a leading independent operator and producer in the Kurdistan Region of Iraq, focusing on oil and gas exploration and production.

YTD Price Performance: 20.13%

Average Trading Volume: 762,914

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £307.1M

Find detailed analytics on GKP stock on TipRanks’ Stock Analysis page.

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