Gulf Keystone Petroleum ( (GB:GKP) ) has provided an update.
Gulf Keystone Petroleum announced strong operational and financial results for 2024, with a significant increase in production and financial performance. The company declared a $25 million interim dividend and reiterated its 2025 guidance, highlighting continued strong local market demand and disciplined expenditure. Despite challenges such as the suspension of pipeline exports, Gulf Keystone maintained robust cash flow and shareholder distributions, while actively engaging with government stakeholders to resume oil exports.
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 exploration and production. The company is known for its operations in the Shaikan oil field, a significant asset in the region.
YTD Price Performance: 37.02%
Average Trading Volume: 707,220
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £427.1M
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