Tullow Oil (TLW): Profit upgrade
This situation live
TLW Tullow Oil
5 Aug 2026 · guidance raised · -7% on the day · +49% until the next step
"We have delivered a strong operational performance in the first half of 2026, driven by our new wells performing ahead of expectations, production optimisation activities delivering tangible benefits
28 Sep 2026 · ahead of expectations · -1% on the day · −50% since
The successful completion of our 2025-26 drilling campaign marks an important milestone for Tullow with higher-than-expected production from new wells, further supporting production performance and im
28 Sep 2026 · ahead of expectations · third in 12 months · −50% since
The successful completion of our 2025-26 drilling campaign marks an important milestone for Tullow with higher-than-expected production from new wells, further supporting production performance and im
Profit upgrade
ahead of expectations · third in 12 months
Directionahead of expectations / raised
Reaction on the day−1%
In 12 months3 statements in the same direction
Company's wordsThe successful completion of our 2025-26 drilling campaign marks an important milestone for Tullow with higher-than-expected production from new wells, further supporting production performance and improving the outlook for the long-term potential of our Ghanaian portfolio. ↗
As of 28 Sep 2026 ↗
Since Oct 2023: 659 situations of this kind; median share price +2% six months after they opened
Every step · 3
- 5 Aug 2026 guidance raised · -7% on the day – "We have delivered a strong operational performance in the first half of 2026, driven by our new wells performing ahead of expectations, production... ↗
- 28 Sep 2026 ahead of expectations · -1% on the day – The successful completion of our 2025-26 drilling campaign marks an important milestone for Tullow with higher-than-expected production from new wells,... ↗
- 28 Sep 2026 ahead of expectations · third in 12 months – The successful completion of our 2025-26 drilling campaign marks an important milestone for Tullow with higher-than-expected production from new wells,... ↗
What is happening
Tullow Oil: Profit upgrade – ahead of expectations · third in 12 months. ['ahead of expectations · third in 12 months']
- In short
- Tullow Oil said it is trading ahead of expectations on 28 Sep 2026; the shares moved −1% on the day. It is the third such statement in 12 months.
- Announced
- 5 Aug 2026 · guidance raised · -7% on the day
- Latest
- 28 Sep 2026 · ahead of expectations · -1% on the day
Briefing
Tullow Oil in 5 minutes
Tullow is an oil producer that now depends almost entirely on two offshore fields in Ghana, Jubilee and TEN. After a run of Jubilee underperformance, it sold its Gabon and Kenya assets in 2025 and refinanced $1.3bn...
- Act 1Debt paid down, then Jubilee disappoints
- Act 2Selling Gabon and Kenya to cut debt
- Act 3Licences to 2040, a new debt deal and a new board
From the company's own announcements. Not investment advice.
Also at Tullow Oil 4 open
Legal & regulatoryGhana tax disputes and receivables – ICC award against Tullow, 30 Sep 2026
Project milestonesJubilee drilling and seismic programme – 2025-26 campaign complete; Campaign 2 contracted
Large acquisition / reverse takeoverTEN FPSO acquisition – SPA signed; completion expected end Q1 2027
Sale process / strategic reviewAsset value-maximisation process – Board sub-committee to be formed post-closing
Insider conviction3 directors buying – £215k in 3 buys · closed
Tullow Oil – company page →