Tullow Oil focuses on financial di

Some of the smartest hedge funds are betting on more bad news for Tullow, despite founder Aidan Heavey's insistence on 'plump' years ahead

Barry J Whyte

Chief Feature Writer @whytebarry
28th June, 2017
Tullow Oil's Aidan Heavey

Hard-pressed explorer Tullow Oil said it expects to make a gross profit of $300 million (€267 million) for the first half of the year, up from $200 million a year earlier, largely due to higher output and an insurance payment, while it also expects to further reduce its debt burden.

In a trading update ahead of the release of first-half results on July 26, the oil and gas explorer said it was making "good progress despite tough...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

EY reports €393m revenues in Republic of Ireland for 2021 financial year

Content is king – just ask Netflix as rivals attempt to steal its crown

Tom Maguire: Tax changes we make now could help business for years