Tullow Oil (XGHA:TLW) ROCE %: 21.77% (As of Dec. 2025)

What is Tullow Oil ROCE %?

Tullow Oil XGHA:TLW 43 ROCE % is 21.77% as of Dec. 2025. GuruFocus rates XGHA:TLW with a GF Score™ of 43/100 and a GF Value™ of GHS25.96 (Possible Value Trap). The stock has 5 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Tullow Oil's annualized ROCE % for the quarter that ended in Dec. 2025 was 21.77%.

Tullow Oil (XGHA:TLW) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Tullow Oil ROCE % Related Terms

Tullow Oil ROCE % Historical Data

* Premium members only.

The historical data trend for Tullow Oil's ROCE % 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.

Tullow Oil ROCE % Chart

Tullow Oil Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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17.39

19.64

12.19

17.92

13.54

Tullow Oil Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
ROCE %	Get a 7-Day Free Trial															2.96	28.86	6.42	12.18	21.77

43GF Score

Tullow Oil PLC XGHA:TLW

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Tullow Oil ROCE % Calculation

Tullow Oil's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	2814.974	/	( ( (45149.916 - 17132.786)	+	(36538.947 - 22988.958) )	/ 2 )
	=	2814.974	/	( (28017.13	+	13549.989)	/ 2 )
	=	2814.974	/	20783.5595
	=	13.54 %

Tullow Oil's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2025 )		(Q: Jun. 2025 )		(Q: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2025 )		(Q: Jun. 2025 )		(Q: Dec. 2025 )
	=	3044.54	/	( ( (40175.234 - 25754.898)	+	(36538.947 - 22988.958) )	/ 2 )
	=	3044.54	/	( ( 14420.336	+	13549.989 )	/ 2 )
	=	3044.54	/	13985.1625
	=	21.77 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 21.77% mean?

Tullow Oil (XGHA:TLW) has a ROCE % of 21.77% as of Dec. 2025.

Is Tullow Oil's ROCE % too high?

Tullow Oil's current ROCE % is 21.77%. The Oil & Gas industry median ROCE % is 6.79. Tullow Oil's value of 21.77% is 220.6% above this industry median. 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 ROCE % compare to COP and EOG?

Tullow Oil's ROCE % of 21.77% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. Tullow Oil's value of 21.77% is 220.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Oil & Gas company?

The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tullow Oil's current ROCE % of 21.77% is 220.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tullow Oil's current ROCE % is 21.77%. 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 GHS25.96, compared to a current price of GHS11.92 — trading 54.1% below its estimated fair value. The current ROCE % is 21.77% and 220.6% above the Oil & Gas industry median of 6.79. 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 ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Tullow Oil (XGHA:TLW), the current ROCE % is 21.77% 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 54.1% below its estimated GF Value™ of GHS25.96. GuruFocus considers Tullow Oil to be Possible Value Trap.

Key valuation signals for XGHA:TLW:

ROCE %: 21.77%
GF Value™: GHS25.96 vs. price of GHS11.92 (54.1% below fair value)
GF Score™: 43/100 with 5 warning signs
Industry Position: 220.6% above the Oil & Gas median

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 Business Description

Industry Energy Oil & Gas

Comparable Companies LSE:KIST LSE:CNE LSE:PANR LSE:JSE LSE:AET LSE:SAVE LSE:GENL LSE:PHAR LSE:ENQ LSE:AEX HKSE:00883 COP TSX:CNQ EOG OXY FANG DVN ASX:WDS EQT TPL

Other Exchanges TUWOY:USA TUWLF:USA TLWl:UK TLW:UK TQW:Germany

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 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

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

GHS11.92

Price

GHS25.96

GF Value

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