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- Tullow Oil
Tullow Oil Valuation Multiples
Discover revenue and EBITDA valuation multiples for Tullow Oil and similar public comparables like Reach Subsea, HMS Bergbau, A.b.p. Nocivelli, American Resources and more.
Tullow Oil Overview
About Tullow Oil
Tullow Oil PLC is an independent oil and gas exploration and production company. The company conducts exploration, appraisal, and development activities in the African and Atlantic regions. The majority of revenue is derived from West African assets, with a focus on offshore fields. Assets used in oil and gas production are acquired through licenses. The company generates revenue from natural gas and crude oil sales. Its reportable segments are; Ghana which generates key revenue, Non-operated, Kenya and Exploration.
Founded
2000
HQ

Employees
397
Website
Sectors
Financials (LTM)
EV
$3B
Tullow Oil Financials
Tullow Oil reported last 12-month revenue of $851M and EBITDA of $612M.
In the same LTM period, Tullow Oil generated $612M in EBITDA and $36M in net income.
Revenue (LTM)
Tullow Oil P&L
In the most recent fiscal year, Tullow Oil reported revenue of $2B and EBITDA of $1B.
Tullow Oil expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $851M | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $754M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 49% | XXX | XXX | XXX |
| EBITDA | $612M | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 72% | XXX | 74% | XXX | XXX | XXX |
| EBIT Margin | 36% | XXX | 50% | XXX | XXX | XXX |
| Net Profit | $36M | XXX | $55M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 4% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Tullow Oil Stock Performance
Tullow Oil has current market cap of $237M, and enterprise value of $3B.
Market Cap Evolution
Tullow Oil's stock price is $0.16.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $237M | 0.0% | XXX | XXX | XXX | $0.04 |
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Start Free TrialTullow Oil Valuation Multiples
Tullow Oil trades at 3.0x EV/Revenue multiple, and 4.1x EV/EBITDA.
EV / Revenue (LTM)
Tullow Oil Financial Valuation Multiples
As of April 20, 2026, Tullow Oil has market cap of $237M and EV of $3B.
Equity research analysts estimate Tullow Oil's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Tullow Oil has a P/E ratio of 6.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $237M | XXX | $237M | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 3.0x | XXX | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | 4.1x | XXX | 2.2x | XXX | XXX | XXX |
| EV/EBIT | 8.1x | XXX | 3.3x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 3.3x | XXX | XXX | XXX |
| P/E | 6.6x | XXX | 4.3x | XXX | XXX | XXX |
| EV/FCF | (71.0x) | XXX | 4.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Tullow Oil Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Tullow Oil Margins & Growth Rates
Tullow Oil's revenue in the last 12 month grew by 4%.
Tullow Oil's revenue per employee in the last FY averaged $3.9M, while opex per employee averaged $-0.0M for the same period.
Tullow Oil's rule of 40 is 73% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Tullow Oil's rule of X is 75% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Tullow Oil Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | (45%) | XXX | XXX | XXX |
| EBITDA Margin | 72% | XXX | 74% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | (46%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 73% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 75% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $3.9M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $-0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | (1%) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Tullow Oil Public Comps
See public comps and valuation multiples for other Energy Production and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Tullow Oil | XXX | XXX | XXX | XXX | XXX | XXX |
| Reach Subsea | XXX | XXX | XXX | XXX | XXX | XXX |
| HMS Bergbau | XXX | XXX | XXX | XXX | XXX | XXX |
| A.b.p. Nocivelli | XXX | XXX | XXX | XXX | XXX | XXX |
| American Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| La Francaise de l'Energie | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Tullow Oil M&A Activity
Tullow Oil acquired XXX companies to date.
Last acquisition by Tullow Oil was on XXXXXXXX, XXXXX. Tullow Oil acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Tullow Oil
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTullow Oil Investment Activity
Tullow Oil invested in XXX companies to date.
Tullow Oil made its latest investment on XXXXXXXX, XXXXX. Tullow Oil invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Tullow Oil
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Tullow Oil
| When was Tullow Oil founded? | Tullow Oil was founded in 2000. |
| Where is Tullow Oil headquartered? | Tullow Oil is headquartered in United Kingdom. |
| How many employees does Tullow Oil have? | As of today, Tullow Oil has over 397 employees. |
| Who is the CEO of Tullow Oil? | Tullow Oil's CEO is Ian Perks. |
| Is Tullow Oil publicly listed? | Yes, Tullow Oil is a public company listed on London Stock Exchange. |
| What is the stock symbol of Tullow Oil? | Tullow Oil trades under TLW ticker. |
| When did Tullow Oil go public? | Tullow Oil went public in 2000. |
| Who are competitors of Tullow Oil? | Tullow Oil main competitors are Reach Subsea, HMS Bergbau, A.b.p. Nocivelli, American Resources. |
| What is the current market cap of Tullow Oil? | Tullow Oil's current market cap is $237M. |
| What is the current revenue of Tullow Oil? | Tullow Oil's last 12 months revenue is $851M. |
| What is the current revenue growth of Tullow Oil? | Tullow Oil revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Tullow Oil? | Current revenue multiple of Tullow Oil is 3.0x. |
| Is Tullow Oil profitable? | Yes, Tullow Oil is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Tullow Oil? | Tullow Oil's last 12 months EBITDA is $612M. |
| What is Tullow Oil's EBITDA margin? | Tullow Oil's last 12 months EBITDA margin is 72%. |
| What is the current EV/EBITDA multiple of Tullow Oil? | Current EBITDA multiple of Tullow Oil is 4.1x. |
| What is the current FCF of Tullow Oil? | Tullow Oil's last 12 months FCF is ($35M). |
| What is Tullow Oil's FCF margin? | Tullow Oil's last 12 months FCF margin is (4%). |
| What is the current EV/FCF multiple of Tullow Oil? | Current FCF multiple of Tullow Oil is (71.0x). |
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