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Tullow Oil sees revenues fall in difficult 2019

By BFN News | 08:20 AM | Thursday 12 March, 2020


Revenue at Tullow Oil was down in 2019 at $1.6bn, compared with $1.8bn the year before. The group also reported a loss after tax of $1.6bn in its full year results ended December 31, 2019. The loss after tax was driven by exploration write-offs and impairments totalling $2bn. According to the results statement, Tullow Oil generated free cash flow of $355 million, year-end net debt of $2.8bn and gearing of 2 times net debt/EBITDA. At 8:20am: (LON:TLW) Tullow Oil PLC share price was -3.15p at 14.97p Story provided by StockMarketWire.com

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