Company profile
BG Group is a world leader in natural gas, with a strategy focused on connecting competitively priced resources to specific, high-value markets. Active in more than 20 countries on five continents, BG Group has a broad portfolio of business interests focused on exploration and production and liquefied natural gas. It combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves.
While our headquarters are in United Kingdom (UK), the majority of our
6 000+ employees, drawn from more than 70 nationalities, work outside the UK.
We have a proud history in all aspects of the energy sector, particularly natural gas, where we have experience across the entire gas chain – from exploration to delivery to the consumer.
BG Group is a publicly listed company on the London Stock Exchange and is also listed on the US over-the-counter market known as “International OTCQX”.
Our business strategy
Our focus is on understanding, building and supplying natural gas markets around the world. We operate in two key business sectors – Exploration and Production and Liquefied Natural Gas.
BG Group explores for, develops, produces and markets gas and oil around the world. The Group uses it technical, commercial and gas chain skills to deliver projects at a competitive cost and to maximise the sale value of its hydrocarbons.
BG Group’s Liquefied Natural Gas (LNG) business incorporates the purchase, shipping, marketing, sale and regasification of LNG across the globe.
These two businesses combine to allow BG Group to connect competitively priced resources to specific high-value markets.
More on our strategy, including the 2013 Strategy Update Presentation, Executive Interviews, Videos and Infographic can be found in the Strategy section.
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BG Group snapshot |
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2012
($ million) |
2011
($ million) |
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Revenue & other operating income |
$18,963 |
$17,741 |
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Total operating profit (a) |
$8,047 |
$7,732 |
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Earnings, excluding disposals &
re-measurements and before prior period taxation(b)* |
$4,395 |
$4,446 |
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Earnings, excluding disposals &
re-measurements and after prior period taxation(b)* |
$4,395 |
$4,251 |
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Earnings per share, excluding disposals &
re-measurements* |
129.4 |
125.4 |
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Earnings, including disposals &
re-measurements (continuing operations) |
$3,309 |
$4,096 |
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Cash generated by operations |
$10,715 |
$9,773 |
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Capital investment on a cash basis |
$10,407 |
$10,691 |
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Net (borrowings)/funds |
-$10,624 |
-$11,336 |
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Net assets |
$33,094 |
$29,675 |
(a) Includes the Group's share of pre-tax operating profits in joint ventures and associates.
(b) Prior period taxation represents the revision of deferred tax balances at 1 January 2011 due to changes in UK taxation rates.
*See presentation of non-GAAP measures, Annual Report 2011 | |
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