Genel Energy plc - ADR (GEGYY)
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Genel Energy highlights resilient cash flows as it reports on 2024
Genel Energy PLC (LSE:GENL, OTC:GEGYY), as it released full-year results for 2024, told investors that it has seen ‘progress on the journey of building towards delivering resilient, diversified cash flows'. “Our shift from cash outflow in 2023 to cash generation in 2024 has been important, and in 2025 we expect the cash generated by the Tawke PSC to continue to cover our costs,” chief executive Paul Weir said.
Genel Energy focuses on cash flow and new opportunities
Genel Energy PLC (LSE:GENL, OTC:GEGYY) chief executive Paul Weir told investors that the oil producer continues to focus on optimising cash flows, evolving the capital structure and maturing opportunities to acquire new assets. “We maintain our discipline on spend and focus on profitability and both delivering, and building on, the significant value upside that is already in the business,” Weir said in Genel's third quarter update.
