Tullow Oil (Tullow Oil) Retained Earnings : $-2,346 Mil (As of Dec. 2023)

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What is Tullow Oil Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Tullow Oil's retained earnings for the quarter that ended in Dec. 2023 was $-2,346 Mil.

Tullow Oil's quarterly retained earnings increased from Dec. 2022 ($-2,241 Mil) to Jun. 2023 ($-2,171 Mil) but then declined from Jun. 2023 ($-2,171 Mil) to Dec. 2023 ($-2,346 Mil).

Tullow Oil's annual retained earnings increased from Dec. 2021 ($-2,295 Mil) to Dec. 2022 ($-2,241 Mil) but then declined from Dec. 2022 ($-2,241 Mil) to Dec. 2023 ($-2,346 Mil).

Tullow Oil Retained Earnings Historical Data

The historical data trend for Tullow Oil's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tullow Oil Retained Earnings Chart

Tullow Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-1,070.60

-2,272.00

-2,295.20

-2,241.30

-2,346.40

Tullow Oil Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-2,295.20	-2,027.60	-2,241.30	-2,171.10	-2,346.40

Tullow Oil Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Tullow Oil (OTCPK:TUWOY) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Tullow Oil (Tullow Oil) Business Description

Industry

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Address

566 Chiswick High Road, Building 9 Chiswick Park, London, GBR, W4 5XT

Website

https://www.tullowoil.com

Tullow Oil PLC is an independent oil and gas exploration and production company. The company conducts exploration, appraisal, and development activities in African and Atlantic regions. The majority of revenue is derived from West African assets, with a focus in offshore fields. Assets used in oil and gas production are acquired through licenses. Tullow depends on seismic and geophysical data to assess potential oil in its fields. The Group's reportable segment are Ghana, Non-operated, Kenya and Exploration. Traditionally, the company has paid the host government several taxes as well as land rentals, training, and ongoing license costs to operate in its primary regions.

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