Companies

Tullow Oil shares rise as it forecasts higher free cashflows of up to $300m for 2024

The company told shareholders it is "on track" to deliver around $600 million of free cash flow over 2024 to 2025.

Tullow Oil is holdings its AGM in London on Thursday

Shares in Tullow Oil, the Irish oil and gas exploration company, jumped on Thursday morning after the company issued a trading update to investors with a “strong outlook” for the year ahead.

Ahead of its AGM in London, Tullow Oil said it expects to generate strong free cash flows of between $200 million and $300 million this year. The oil and gas company said it is “on track” to deliver around $600 million of free ...