UK's Tullow Oil posts annual profit on lower impairments, asset revaluation gains-March 2024-www.financetom.com

UK's Tullow Oil posts annual profit on lower impairments, asset revaluation gains

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UK's Tullow Oil posts annual profit on lower impairments, asset revaluation gains

Mar 25, 2025 12:52 AM

March 25 (Reuters) - West Africa-focused independent oil

and gas explorer Tullow Oil ( TUWLF ) posted an annual profit on

Tuesday, largely helped by a reduction in impairments and asset

revaluation gains.

The London-listed company's profit after tax for the year

ended December 31 came in at $55 million, compared with a loss

of $110 million reported a year earlier.

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