Tullow Oil victim of its own success as share price sinks

Stock market giant humbled by global collapse in oil prices.

Aidan Heavey, chief executive of Tullow Oil Picture: Rory O'Neill

In 2012, when oil prices were higher than $100 a barrel and Tullow Oil was the biggest company on the Irish Stock Exchange, chief executive Aidan Heavey’s shareholding in the company was worth nearly €140 million.

Today, after announcing losses of $2 billion for last year and in the ...