Tag Archives: Tullow Oil

Tullow loses US$1.6bn; 35% of staff to be retrenched

Tullow Oil has announced a loss after tax of US$1.6 billion for the group in 2019. According to its 2019 Audited Financial Report, the loss after tax was driven by exploration write-offs and impairments totaling US$2.0 billion. This includes the revised Uganda write-off. Revenue was, however, US$1.68 billion while gross …

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