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    TLW   GB0001500809

TULLOW OIL PLC

(TLW)
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Tullow Oil's Dorothy Thompson to step down as chairwoman

06/02/2021 | 03:00am EDT

(Reuters) - Africa-focused Tullow Oil said on Wednesday Chairwoman Dorothy Thompson would step down at the end of the summer after nearly three years in the role and the company is looking for a replacement.

Thompson, one of only a handful of women chairing a London-listed company, said it was the right time for her to step back after Tullow last month emerged from a financial overhaul with a $1.8 billion bond and a new business plan under top boss Rahul Dhir.

"My time with Tullow has been interesting and challenging and Tullow is now well positioned for a positive and sustainable future," Thompson, aged 60, said.

Thompson was the chief executive officer of power company Drax Group before joining Tullow in 2018. She is currently a non-executive director at Eaton Corp and a director of the Court of the Bank of England, Tullow's website shows.

The company last year said it would commit 90% of its investments in coming years on its producing offshore oilfields in West Africa and put exploration on the back burner to reduce debt.

Tullow, which was set up in the 1980s to produce oil and gas in Africa, has historically focused on exploring new discoveries but the oil price collapse last year forced the entire oil and gas industry to slash its exploration budget.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Subhranshu Sahu)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DOW JONES AFRICA TITANS 50 INDEX -0.12% 511.21 Delayed Quote.-3.27%
DRAX GROUP PLC 0.04% 492.8 Delayed Quote.31.41%
EATON CORPORATION PLC -1.26% 156.01 Delayed Quote.31.51%
LONDON BRENT OIL 0.94% 78.01 Delayed Quote.49.38%
S&P AFRICA 40 INDEX -0.44% 165.74 Delayed Quote.-4.06%
TULLOW OIL PLC 2.43% 47.68 Delayed Quote.61.19%
WTI 0.93% 73.961 Delayed Quote.52.07%
All news about TULLOW OIL PLC
09/20TULLOW OIL : Records Profit After Tax of U.S.$ 96 M in Half Year
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09/20TULLOW OIL PLC(LSE : TLW) dropped from FTSE 350 (Ex Investment Companies) Index
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09/20TULLOW OIL PLC(LSE : TLW) dropped from FTSE 350 Index
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09/20TULLOW OIL PLC(LSE : TLW) dropped from FTSE 250 Index
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09/20TULLOW OIL PLC(LSE : TLW) dropped from FTSE 250 (Ex Investment Companies) Index
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09/16TULLOW OIL : 231kb
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09/15AFRICA OIL : Up 3% as Seeks Strategic Partners for Kenyan Oil Project
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09/15FTSE 100 Closes Mostly Flat Despite Commodity and Oil Outperformances
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More news
Analyst Recommendations on TULLOW OIL PLC
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Financials (USD)
Sales 2021 1 335 M - -
Net income 2021 157 M - -
Net Debt 2021 2 199 M - -
P/E ratio 2021 7,74x
Yield 2021 -
Capitalization 932 M 932 M -
EV / Sales 2021 2,34x
EV / Sales 2022 2,21x
Nbr of Employees 730
Free-Float 76,3%
Chart TULLOW OIL PLC
Duration : Period :
Tullow Oil plc Technical Analysis Chart | TLW | GB0001500809 | MarketScreener
Technical analysis trends TULLOW OIL PLC
Short TermMid-TermLong Term
TrendsBullishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 0,65 $
Average target price 0,75 $
Spread / Average Target 15,3%
EPS Revisions
Managers and Directors
Rahul Dhir Chief Executive Officer & Executive Director
George Leslie Wood Chief Financial Officer & Executive Director
Dorothy Carrington Thompson Chairman
Sandy Stash EVP-Safety, Operations & Engineering
Mark Stuart MacFarlane Chief Operating Officer
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