· Performance

  • Conciseness
  • Connectivity of information
  • Consistency and comparability
  • Strategic focus and future orientation

Key observations:

Tullow Oil presents the company's KPIs in a consistent, concise and informative manner. The linkages between KPIs and strategy, KPIs and executive remuneration and KPIs and the company's risk management process are clearly made providing a more holistic insight into the business.

Tullow Oil presents a balanced set of KPIs which include both financial and non-financial measures. For each KPI, a definition of the KPI is provided, along with a discussion of the actions which the business has taken to mitigate any risks associated with the KPI. In addition to this, Tullow Oil have provided some contextual information for each KPI to help explain the performance which has been seen in the year. Enhancing the connectivity between company performance and executive reward, Tullow Oil have also explicitly indicated which KPIs are linked to the bonus element of executive remuneration. 

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