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42 Pages

Tullow Oil corporate - reported results analysis


Tullow Oil corporate - reported results analysis

Report summary

Balance sheet stability and positioning for the next phase of growth were key messages from Tullow's 2016 full year results. Despite reporting a post-tax loss of US$597 million, the Uganda deal and lower capital commitments means Tullow is now starting to turn the corner. We calculate that proceeds from the Uganda deal and associated reduction in capital commitments will allow Tullow to hold net debt levels flat in 2017. A return to successful high-impact exploration will be critical in delivering material value and boosting investor confidence.

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Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Reported Results Analysis report provides rapid response analysis on company quarterly results and strategy presentations. Use it to gain the upper hand with Wood Mackenzie's opinion on the latest corporate developments.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • 2016 Full Year Results
    • Overview
    • Strategy/investment
    • Operational performance
    • Financial performance
    • Exploration
    • M&A
  • Trading Update - November 2016
    • Overview
    • Strategy/investment
    • Operational performance
    • Financial performance
    • Exploration
    • M&A
  • 2H 2016
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Trading Update - April 2016
    • Overview
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • Exploration
  • H2 2015
    • Overview
    • Strategy/ Investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
  • Trading Statement and Operational Update - January 2016 
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Trading Update - November 2015
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
  • Q2 2015
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Trading Statement and Operational Update - July 2015
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Interim Management Statement - April 2015
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Q4 2014
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Trading Statement and Operational Update - January 2015
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Interim Management Statement - November 2014
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Q2 2014
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
  • Trading Statement and Operational Update - July 2014
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • 2014 Capital Markets Day
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
      • Core regions
      • Frontier regions
  • Interim Management Statement - April 2014
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
      • Africa
      • Europe
      • South America
    • M&A
  • Q4 2013
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
      • Africa
      • Europe
      • Latin America
    • M&A
  • Trading Statement and Operational Update - January 2014
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Q3 2013
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
      • Africa
      • Latin America
      • Europe
    • M&A
  • H1 2013
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
      • Africa
      • Europe
    • M&A
  • Q2 2013
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
      • Africa
      • Latin America
      • Europe
  • Q1 2013
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
      • Africa
      • Latin America
      • Europe
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