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Cash

£247m

USD 332,200,000

-44.2% lowest in 3 filed years

Net assets

-£188m

USD -252,900,000

+13.5% highest in 3 filed years

Employees

346

-13.9% lowest in 3 filed years

Profit before tax

-£96m

USD -129,200,000

-119% lowest in 3 filed years

Watch the reel

Our short-form breakdown of TULLOW OIL PLC's latest filing

Tullow Oil sees turnover shrink 45% and swings to a £197m loss. 🛢️

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric Trend 2023-12-312024-12-312025-12-31 Δ vs prior
Turnover £1,282,451,734£1,024,514,486£628,571,429 -38.6%
Operating profit £232,224,141£357,131,487£148,348,794 -58.5%
Profit before tax £23,465,704-£43,775,868-£95,881,262 -119%
Net profit
Cash £391,618,270£441,817,892£246,530,612 -44.2%
Total assets less current liabilities £2,521,268,247£2,001,034,702£902,337,662 -54.9%
Net assets -£282,059,331-£217,048,711-£187,680,891 +13.5%
Equity -£282,059,331-£217,048,711-£187,680,891 +13.5%
Average employees 393402346 -13.9%
Wages £56,113,640£58,022,923£47,495,362 -18.1%
Directors' remuneration £1,767,039£1,730,735 -2.1%
Directors' pension contributions £123,408£186,211 +50.9%
Highest paid director £306,431£360,208 +17.5%

Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show . About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2023-12-312024-12-312025-12-31
Operating margin 18.1%34.9%23.6%
Return on capital employed 9.2%17.8%16.4%
Gearing (liabilities / total assets) 108.1%106.7%107.7%
Current ratio 1.03x0.80x0.52x
Interest cover 0.90x1.30x0.61x

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Name history

Renamed 1 time since incorporation

  1. TULLOW OIL PLC 2000-04-28 → present
  2. DMWSL 291 PLC 2000-02-04 → 2000-04-28

Audit & accounting basis

Accounting basis
IFRS
Reporting scope
Consolidated group
Auditor
Ernst & Young LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“We have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group and Parent Company’s ability to continue as a going concern for a period of 12 months from the date when the financial statements are authorised for issue to 30 April 2027.”

Group structure

  1. TULLOW OIL PLC · parent
    1. Tullow Chingueitti Production Pty Limited 100% · Australia · Indirect
    2. Tullow Petroleum (Mauritania) Pty Limited 100% · Australia · Indirect
    3. Tullow (EA) Holdings Limited 100% · British Virgin Islands · Indirect
    4. Clover PlanCo Limited 100% · England and Wales · Direct
    5. Tullow Argentina Limited 100% · England and Wales · Direct
    6. Tullow Côte D'Ivoire Offshore Limited 100% · England and Wales · Direct
    7. Tullow Group Services Limited 100% · England and Wales · Direct
    8. Tullow New Ventures Limited 100% · England and Wales · Direct
    9. Tullow Oil Finance Limited 100% · England and Wales · Direct
    10. Tullow Oil SK Limited 100% · England and Wales · Direct
    11. Tullow Oil SPE Limited 100% · England and Wales · Direct
    12. Tullow Peru Limited 100% · England and Wales · Direct
    13. Tullow Uruguay Limited 100% · England and Wales · Direct
    14. Tullow Oil (Mauritania) Limited 100% · Guernsey · Direct
    15. Tullow Oil Limited 100% · Ireland · Direct
    16. Tullow Gabon Holdings Limited 100% · Isle of Man · Indirect
    17. Tullow Gabon Limited 100% · Isle of Man · Indirect
    18. Tullow Mauritania Limited 100% · Isle of Man · Indirect
    19. Tullow Namibia Limited 100% · Isle of Man · Direct
    20. Tullow Uganda Limited 100% · Isle of Man · Direct
    21. Tullow Côte D'Ivoire Limited 100% · Jersey · Direct
    22. Tullow Ghana Limited 100% · Jersey · Indirect
    23. Tullow India Operations Limited 100% · Jersey · Indirect
    24. Tullow International Limited 100% · Jersey · Direct

Significant events

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

9 active · 39 resigned

Name Role Appointed Born Nationality
HOLLAND, Adam Secretary 2018-04-25
GOETHE, Roald Director 2023-02-24 Mar 1960 German
MILLER, Richard David Director 2023-01-01 Jan 1983 British
PERKS, Ian Anthony Director 2025-09-15 Mar 1967 British
PETERKIN, James Robert Director 2026-05-01 Mar 1970 British
SHIRLAW, Euan Campbell Director 2026-05-01 Jun 1985 British
SODEN, Garrett Douglas Director 2026-05-01 Jul 1974 American,Spanish
STEEL, Henry James Edward Director 2026-04-08 May 1989 British
WILES, Rebecca Director 2023-06-28 Feb 1966 British
Show 39 resigned officers
Name Role Appointed Resigned
HICKEY, Thomas Gerard Secretary 2000-05-03 2008-03-04
MARTIN, Alan Graham Secretary 2008-03-04 2016-01-01
MARTIN, Alan Graham Secretary 2000-04-27 2000-05-03
MASSIE, Kevin Michael Secretary 2016-01-01 2018-04-25
MINTO, Bruce Watson Secretary 2000-02-04 2000-04-27
THOMPSON, Dorothy Carrington Secretary 2018-04-25 2018-04-25
AGYARE, Kofi Tutu Director 2010-08-25 2019-04-25
BAMFORD, Samuel Arnold David, Dr Director 2004-07-08 2014-04-30
BRUCE, Roderick Lawrence Director 2000-02-04 2000-04-27
BURRARD-LUCAS, Stephen Charles Director 2012-03-14 2020-04-23
COURTNEY, Rohan Richard Director 2000-05-03 2007-12-31
DALY, Michael Christopher, Professor Director 2014-06-01 2023-05-24
DHIR, Rahul Director 2020-07-01 2025-02-14
DRINKWATER, Anne Director 2012-07-25 2018-04-25
GRANT, Ann Director 2008-05-15 2017-04-26
GREENSLADE, Martin Frederick Director 2019-11-01 2025-11-30
HEAVEY, Aidan Joseph Director 2000-04-27 2018-07-20
HICKEY, Thomas Gerard Director 2000-05-03 2008-09-01
INGRAM, Mitchell Director 2020-09-09 2025-11-30
KHAMA, Sheila Director 2019-04-26 2025-08-01
LANDER, John Hugh Russell Director 2001-03-23 2004-04-16
MALEKI, Eskandar Director 2000-05-03 2004-04-21
MARTIN, Alan Graham Director 2000-04-27 2016-04-28
MCCOSS, Angus Murray, Dr Director 2006-12-06 2019-12-09
MCDADE, Paul Director 2006-03-29 2019-12-09
MCTIERNAN, Steven James Director 2002-03-01 2012-12-31
MINTO, Bruce Watson Director 2000-02-04 2000-04-27
NEL, Willem Adrian Director 2004-09-13 2006-05-31
NHLEKO, Phuthuma Freedom Director 2021-10-25 2025-11-30
O'DONOGHUE, Matthew John Director 2000-05-03 2008-03-31
PLUNKETT, Patrick Joseph Director 2000-05-03 2011-12-31
SANGUDI, Genevieve L Director 2019-04-26 2025-11-30
SPOTTISWOODE, Clare Mary Joan Director 2002-03-01 2011-05-12
SPRINGETT, Ian Director 2008-09-01 2017-06-20
THOMPSON, Dorothy Carrington Director 2018-04-25 2021-12-31
THOMPSON, Simon Robert Director 2011-05-16 2017-04-26
WILLIAMS, David Michael Director 2006-06-01 2012-05-16
WILSON, Jeremy Richard Director 2013-10-21 2022-11-30
WOOD, George Leslie Director 2017-06-20 2022-03-31

Ownership

Persons with significant control

No persons with significant control on record.

Filing timeline

Last 20 of 725 total filings

Date Type Category Description
2026-06-24 AA accounts Accounts with accounts type group
2026-06-05 SH01 capital Capital allotment shares PDF
2026-05-27 AP01 officers Appoint person director company with name date PDF
2026-05-20 MR04 mortgage Mortgage satisfy charge full PDF
2026-05-20 MR04 mortgage Mortgage satisfy charge full PDF
2026-05-11 AP01 officers Appoint person director company with name date PDF
2026-05-11 AP01 officers Appoint person director company with name date PDF
2026-05-05 SH01 capital Capital allotment shares PDF
2026-04-30 MR04 mortgage Mortgage satisfy charge full PDF
2026-04-30 MR05 mortgage Mortgage charge part release with charge number PDF
2026-04-30 MR05 mortgage Mortgage charge part release with charge number PDF
2026-04-30 MR04 mortgage Mortgage satisfy charge full PDF
2026-04-28 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2026-04-28 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2026-04-28 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2026-04-15 MR04 mortgage Mortgage satisfy charge full PDF
2026-04-15 MR04 mortgage Mortgage satisfy charge full PDF
2026-04-15 MR04 mortgage Mortgage satisfy charge full PDF
2026-04-15 MR04 mortgage Mortgage satisfy charge full PDF
2026-04-14 AP01 officers Appoint person director company with name date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
20

last 12 months

Capital events
2

last 24 months

Officers appointed
5

last 12 months

Officers resigned
4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page