Financials

Tullow's most recent financial results were released on 8 Feb 2017 for the year ended 31 December 2016. A summary of the results is in the table below and downloads of the key Group financial statements are available beneath. 

 

2016 Full Year Results Overview

2016  2015 Change
Sales revenue ($m) 1,270 1,607 -21%
Gross profit ($m) 547  591 -7%
Administrative expenses ($m) (116)  (194) -40%
Restructuring costs ($m) (12)  (41) -71% 
Loss on disposal ($m) -3 (57) -95%
Goodwill impairment ($m)  (164)  (54) 204% 
Exploration costs written off ($m)  (723) (749) -3%
Impairment of property, plant and equipment  (168)  (406) -59%
Provision for onerous service contracts  (115) (186)  -38% 
Operating loss ($m) (755) (1,094) -31%
Loss after tax ($m) (597) (1,037) -42%
Operating cash flow before working capital ($m) 774 967  -20%
Production (boepd, working interest basis) 67,100 73,400 -9%

 

Excel downloads