1. Sector – Energy
Founded – 1985
Employees – 669
Headquarters – London, UK
Tullow Oil is a global oil and gas exploration company. They
have 85 licenses in 22 countries and focus on 4 regions; Africa,
Europe, South Asia and South America. They have discovered
new oil provinces in Ghana and Uganda and have become
Africa’s leading independent oil company.
Tullow Oil’s main competitors are Cairn Energy, ERHC
Energy and Murphy Oil Corporation. Their main customers
are from the transport and aviations industries.

2. 2009 2008 2007
Total Revenue
(£m)
916 692 639
Operating
Income (£m)
151 300 189
Net Income after
Taxes (£m)
164 179 168
Total Debt (£m) 1,315 709 552
Earnings per
Share
0.032 0.309 0.071
Financial Overview
Tullow Oil has a debt-to-capital ratio of 29.97%. They
suffered difficulties in 2009, with net income after taxes
falling and total debt almost doubling. Earnings per share
also fell dramatically.

3. Share Price (last 12 months)
Current Share Price – 1182.00p
52 Week High – 1369.00p
52 Week Low – 991.50p

4. Future
The industry in which Tullow Oil operate is capital-intensive.
There are significant economies of scale in refinery operations,
and profitability depends on efficient operations and the best
mixture of products. If Tullow Oil can effectively exploit the
potential of the economies of scale with continued efficient
operations, they should be in a strong position to continue to
operate effectively in the future.
The future of the business is centred around its operations in
Africa. At the start of 2011, production will begin in the Jubilee
oilfield off Ghana’s coast, which is predicted to double Tullow
Oil’s production in Africa. There is also a promising
development in Uganda where lots of resources have been
found.