Tullow Oil Boosts Production and Cash Flow Guidance

Tullow Oil has reported strong first-half production and upgraded its cash flow guidance. The London-listed oil and gas producer achieved working interest production of 43.7 thousand barrels of oil equivalent per day, up from 40.6 kboepd in the same period last year.

The company realized an oil price of $95.0 per barrel before hedging and $86.3 per barrel after hedging, versus $71.4 and $69.7 per barrel respectively in the first half of 2025.

Tullow's revenue reached $496 million for the six months ended June 30, compared to $411 million a year earlier. The company reported a loss after tax of $101 million, which includes one-off refinancing transaction fees.