Tullow Oil Plc reported a $61 million loss for the first half of 2025 after taxes.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Tullow Oil Plc has reported a loss after tax of $61 million for the first half of 2025, reversing a profit of $196 million recorded in the same period last year, amid declining revenues and lower realised oil prices.

Revenue for the period declined sharply to $524 million from $759 million in H1 2024, driven largely by a drop in the company’s realised oil price to $69.0 per barrel after hedging, compared to $77.7 per barrel in the corresponding period last year.

Gross profit also fell by more than half to $218 million from $460 million in H1 2024. Loss after tax without Gabon contributions came in at $80 million, compared to a profit of $106 million in the same period in 2024.

Source: newsthemegh.com