Tullow Oil (GB:TLW) has released an update.
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Tullow Oil PLC remains on track to meet its financial goals, with a free cash flow forecast of $200-300 million for the full year and an expectation to generate roughly $600 million over 2024-2025, assuming an oil price of $80 per barrel. The company’s production guidance remains stable, with first-quarter outputs in line with predictions, although full-year production may trend towards the lower end of their estimated range. Tullow’s AGM will feature remote participation options for shareholders, and the company continues to focus on responsible growth and a Net Zero emissions target by 2030.
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