Gulf Keystone Petroleum (GB:GKP) has released an update.
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Gulf Keystone Petroleum has reported a strong operational and financial performance for the first half of 2024, marked by a significant increase in production and a successful return to profitability and free cash flow, while also maintaining a commitment to safety. The company has managed to navigate market demands and local sales effectively, enabling it to return $25 million to shareholders through dividends and buybacks. Despite regional challenges, Gulf Keystone remains focused on optimizing production and is engaged in discussions to restart exports, which could further enhance shareholder value.
For further insights into GB:GKP stock, check out TipRanks’ Stock Analysis page.
