Tullow Oil shares surge on return to first-half profitability

Tullow Oil shares surge on return to first-half profitability

Tullow Oil chief executive Rahul Dhir.

Shares in Irish-founded exploration company Tullow Oil shot up, by around 5%, on the back of it reporting a return to profit in the first half of this year.

Africa-focused Tullow said post-tax profit, for the six months to the end of June, amounted to $93m (€79m), compared to a loss of $1.33bn (€1.13bn) for the first half of last year, an outcome which was heavily impacted by impairment charges.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited