LONDON (dpa-AFX) - Tullow Oil plc (TLW.L), on Wednesday, reported a turnaround to profit for the fiscal year 2022, reflecting higher revenues and lower costs.The company's FY22 profit after tax
2022 saw Tullow successfully deliver against its business plan. A high focus on cost control and a disciplined approach to operational efficiency has driven a very strong performance for the year, with group production in line with guidance and expectations, delivering free cash flow of $267 million, lowering net debt to $1.9 billion and reducing cash gearing to 1.3x net debt to EBITDAX.
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Prime Minister Narendra Modi on Monday laid out his vision of making India the world's third-largest economy with a focus on renewable energy, biofuels and hydrogen as he pivots a roadmap to cut reliance on imported oil and gas.