Tullow Oil shares plummet nearly 16% on warning of €1.3bn profit hit

//Tullow Oil shares plummet nearly 16% on warning of €1.3bn profit hit

Tullow Oil shares plummet nearly 16% on warning of €1.3bn profit hit

Tullow Oil shares fell by almost 16% after the company warned of a likely $1.5bn (€1.3bn) financial hit to its 2019 figures due to a lower oil price forecast and a reduction in reserves at one of its flagship fields offshore Ghana.

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By | 2020-01-15T20:45:00+00:00 January 15th, 2020|Business|Comments Off on Tullow Oil shares plummet nearly 16% on warning of €1.3bn profit hit