Tullow Oil reports higher profit for first half of 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 07 2024
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Source: Yahoo Finance
Tullow Oil's Profit Increase: Tullow Oil reported a profit of $196 million for the first half of 2024, significantly up from $70 million in the same period last year, driven by higher crude prices.
Production and Pricing Details: The company's realized oil price rose to $77.7 per barrel, and total production increased slightly to 63.7 thousand barrels of oil equivalent per day.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
