Sunday November 29, 2020

Tullow revenue rose to €2.6bn in 2013

Oil and gas company Tullow expects its 2013 financial results to deliver strong revenue and gross profit growth, it said in a trading update this morning.

15th January, 2014

Oil and gas company Tullow expects its 2013 financial results to deliver strong revenue and gross profit growth, it said in a trading update this morning.

2013 revenue is expected to rise to €2.6 billion, up from €2.34 billion in 2012. Operating cash flow will hit $1.9bn reflecting growth in production and stable oil and gas prices, it said.

Following a successful $650m debut bond issue in November 2013, Tullow's balance sheet is well-funded and the Group has...

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