Tullow Oil (TLW) AGM 2026 summary

Opening remarks and agenda

• Meeting opened at 11:00 A.M. with a quorum present and introductions of board members and executives.

• Chair outlined the meeting format: CEO business update, Q&A session, and formal voting on resolutions.

• Housekeeping details and recording of proceedings were announced.

Financial performance review

• Strong operational performance in the first five months of 2026, with expectations to meet the high end of production guidance.

• Production optimization and new wells in Jubilee contributed to improved results.

• Realized oil price increased from $68 per barrel in 2025 to $96 per barrel in 2026 pre-hedging.

• Sale of Gabon business generated a one-off profit, reflected in discontinued operations.

Board and executive committee updates

• Board reconstituted to align with current challenges, with new members selected for relevant skill sets.

• CEO and CFO provided updates on business performance and financials.