BG Group plc
BG Group: Q1 results
BG Group, reported that profits its first quarter doubled, thanks to better volumes and prices. Revenue rose 80% to £1,972m and operating profits rose 98% to £958m. Net profits rose by 109% to £563m.
The results, which were ahead of market expectations, benefited from a 28% increase in production and stronger gas prices.
Profits in the company’s […]
BG Group: trading statement
The BG Group (formerly British Gas), widely rumoured to a takeover target, reported that first quarter trading was ahead of market expectations. Recent press speculation suggests that a takeover bid from oil giant Exxon Mobil at (a price of 900p per share) may be forthcoming.
Earnings have been boosted by a strong performance by the company’s […]
BG: FY05 results
Oil and gas group BG (formerly British Gas) has reported strong figures for the year to December 2005, driven by volume growth and better gas prices.
In the fourth quarter operating profit grew by 97% (to £858m) driven a 21% growth in Exploration & Production, better prices (partly caused by winter demand) and ‘strong organic growth’ […]
BG: Trading update
BG the oil and gas exploration group is expected to announce strong trading results for the fourth quarter of the year.
Upstream production has increased significantly in Q4; aggregate production for the two months of October and November reached 35 mmboe putting the company on course to reach 50-55mmboe for the quarter compared to 45mmboe in […]
BG: Q3 results
BG reported a 23% increase in revenue (to £3,566m) and a 41% increase in operating profits (to £1,522m) for the nine months to September 2005.
The third quarter’s performance was strong (but slightly below expectations), with turnover growing 24% (to £1,339m) and operating profit growing 39% (to £548m).
Q3 growth was driven by higher Exploration […]
BG: H1 2005
Higher volumes and better has prices have boosted British Gas’s half year operating profits by 43%. Turnover to June 2005 was up 22% (to £2,227m) and net earnings rose 44% to £545m.
The growth was in the upstream exploration and production business where operating profits (including JV’s) grew 48% to £794m. Volumes grew by 8% but […]
BG: Q1 2005
BG the oil and gas exploration group, reported a 28% increase in turnover and a 44% increase in operating profits for the first quarter
BG
BG, formerly called British Gas, has good medium term prospects and 2004 results were strong in BG’s upstream business on high prices, but weak in BG’s smaller downstream (distribution and power generation) businesses for the same reason.
BG is an integrated gas company with activities across the whole range of gas operations from exploration […]
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