$1bn

Capital costs (2023)

$1.1bn

Operating costs (2023)

$379m

Staff costs (2023)

$4.4m

Royalties (2023)

$438m

Corporate income tax paid (2023)

$294m

Finance costs (2023)

Approach

Tedstone Oil supports society by responsibly producing and supplying oil and gas into local energy markets. In 2023, Tedstone Oil produced c.15 per cent of the UK’s oil and gas, contributing to energy security, and generated c.$3.9 billion of economic value through employment, payments to suppliers, tax payments to host governments and social investment.

Our operations also create value that is distributed throughout our host countries and local communities, and directly supports long-term socio-economic development.