Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Tullow Oil's shares outstanding for the quarter that ended in Dec. 2025 was 1,475 Mil.
Tullow Oil's quarterly shares outstanding
increased
from Jun. 2025 (1,462 Mil) to Dec. 2025 (1,475 Mil).
It means Tullow Oilissued new shares from Jun. 2025 to Dec. 2025 .
Tullow Oil's annual shares outstanding
increased
from Dec. 2024 (1,459 Mil) to Dec. 2025 (1,475 Mil).
It means Tullow Oilissued new shares from Dec. 2024 to Dec. 2025 .
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Tullow Oil Shares Outstanding (EOP) Related Terms
Tullow Oil Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for Tullow Oil's Shares Outstanding (EOP) 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.
XGHA:TLW vs COP, EOG, FANG: Shares Outstanding (EOP) Comparison
For the Oil & Gas E&P subindustry, Tullow Oil's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tullow Oil Shares Outstanding (EOP) vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tullow Oil's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Tullow Oil's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 1,475 Mil mean?
Tullow Oil (XGHA:TLW) has a Shares Outstanding (EOP) of 1,475 Mil as of Dec. 2025. The total shares a company has outstanding, at period-end. View historical data on Tullow Oil and its competitors.
Is Tullow Oil's Shares Outstanding (EOP) too high?
Tullow Oil's current Shares Outstanding (EOP) is 1,475 Mil. Overall, Tullow Oil has a GF Score™ of 43/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tullow Oil's Shares Outstanding (EOP) compare to COP and EOG?
Tullow Oil's Shares Outstanding (EOP) of 1,475 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for an Oil & Gas company?
A good Shares Outstanding (EOP) depends on the Oil & Gas industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Tullow Oil and its competitors. Tullow Oil's current Shares Outstanding (EOP) is 1,475 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tullow Oil stock overvalued right now?
Based on GuruFocus' analysis, Tullow Oil (XGHA:TLW) is currently considered Possible Value Trap. The stock's GF Value™ is GHS26.04, compared to a current price of GHS11.92 — trading 54.2% below its estimated fair value. The current Shares Outstanding (EOP) is 1,475 Mil. Tullow Oil's overall GF Score™ is 43/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Tullow Oil (XGHA:TLW), the current Shares Outstanding (EOP) is 1,475 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Tullow Oil (XGHA:TLW) Overvalued in 2026?
Based on GuruFocus' analysis, Tullow Oil stock appears to be undervalued.
The current stock price of GHS11.92 is trading 54.2% below its estimated GF Value™ of GHS26.04.
GuruFocus considers Tullow Oil to be Possible Value Trap.
Key valuation signals for XGHA:TLW:
Shares Outstanding (EOP): 1,475 Mil
GF Value™: GHS26.04 vs. price of GHS11.92 (54.2% below fair value)
No single metric tells the full story. See the XGHA:TLW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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, and the other segment.
43GF Score
Get the complete analysis for XGHA:TLW
Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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