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That is especially true given heightened concerns about the company's shareholder value bona fides stemming from its recent capital expenditure plan.
On a conference call with investors, the company said it was sticking to its capital expenditure plan for $12.5 billion and still expected oil and gas output at slightly higher levels than 2008.
The 2016 income and expenditure plan has involved a huge rise in the price of petrol, electricity and water along with a pledge to introduce a value added tax of 5%, together with tariffs on sugary drinks and tobacco.
Then this: "Provided further, that not later than 30 days after the date of enactment of this Act, the Secretary of Defense shall submit…an expenditure plan for funds provided under this heading".
A spokesman said there were no plans to change its capital expenditure plan or dividend payments.
This helps to explain the strong contrast of the capital expenditure during the oil boom bust cycle (Arezki and Ismail 2013), as it is easy for the government to increase its fiscal expenditure plan but hard to cut it back (Arezki and Bruckner 2010).
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There are three principal bases for public expenditure planning: cash, volume, and cost.
Tonight the Treasury was remaining tight lipped about the extent of the capital expenditure plans.
Tullow has already slashed its capital expenditure plans for this year to $300m from $1bn invested in the first half of 2014.
"The current expenditure plans call for a staggering, and unrealistic, 42% real-terms cut in non-protected departmental spending.
But with expenditure plans now set in concrete for three years, slower growth would mean higher taxes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com