Tullow cuts debt, raises profit under new CEO but weak oil prices weigh

By Karolin Schaps LONDON (Reuters) – Africa-focused oil explorer Tullow Oil <TLW.L> reduced debt in the first half of the year and reported a rise in gross profit under new CEO Paul McDade but a recent drop in oil prices means the company’s bottom line remains under threat. Tullow has been under pressure to lower […]

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