Monday June 1, 2020

Investor wrath pushes Tullow Oil shares down more than 70%

The company has given shareholders an exciting ride for a long time, but Tullow has never managed the challenge of shifting from small explorer to explorer-producer

15th December, 2019
Tullow Oil‘s share price tumbled more than 70%.

Everything has gone horribly wrong at Tullow Oil. The one-time darling of the stock market has had a painful reckoning with the wrath of investors in the past few days. Its share price tumbled more than 70 per cent last Monday after it announced yet another downward revision to its oil production forecast, eliminated its dividend, and sent its chief executive and head of exploration packing.

Such a steep fall in any company’s stock market value...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The German government’s rescue of its flagship airline makes sense and is likely to prove a template for other European countries and industries, but pandemic handouts must come with strict conditions

Vincent Boland | 1 day ago

Disruptive companies want to change the way in which the world does business by subverting existing business models. But now these companies are faced with a far greater disrupter in Covid-19

Vincent Boland | 1 week ago

The world economy is staring down the barrel, yet the markets have sprung back spectacularly. So what is going on?

Vincent Boland | 2 weeks ago