Quarterly Summary 

Summarised BG Group quarterly results(1)
US Dollars

Download the Excel sheet (£ and $ values) - Zip file: Size: 20 Kb)
 
BUSINESS PERFORMANCE
Q2
Q1
Q4
Q3
Q2
2010
2010
2009
2009
2009
Dated Brent assumption ($/bbl)
78.30
76.24
74.56
68.27
58.80
FX rate (US$/UK£)
1.49
1.59
1.63
1.64
1.50
Henry Hub (US$/mmbtu)
4.09
5.30
4.93
3.44
3.80
BG Group E&P production (mmboe)
57.3
61.3
61.9
56.6
58.5
– oil volume (mmboe)
7.1
7.9
8.6
6.1
8.0
– liquids volume (mmboe)
8.8
9
9.2
8.5
9.4
– gas volume (mmboe)
41.4
44.4
44.1
42.0
41.1
BG Group E&P production
('000 boepd)
630
681
673
615
643
Realised avg UK gas
(price pence per produced therm)
29.97
41.00
37.00
30.78
36.23
Realised avg UK gas
(price cents per produced therm)
45.16
65.22
60.38
50.60
54.04
Realised avg Int’l gas price
(cents per produced therm)
33.35
32.64
26.93
26.32
24.72
Overall avg gas price
(cents per produced therm)
34.80
37.37
32.30
29.42
29.88
Realised avg oil price ($/bbl)
75.86
76.45
74.83
68.31
59.27
Realised avg liquids price ($/bbl)
66.43
62.81
59.85
57.45
47.82
Total operating profit including share of pre-tax
operating results from joint ventures and associates
$ million
E&P (excluding exploration charge)
1,112
1,296
1,227
914
928
Exploration charge
(336)
(104)
(284)
(199)
(200)
Exploration and Production
746
1,192
943
715
728
LNG
540
633
588
501
465
Transmission and Distribution
174
125
189
169
189
Power
42
55
89
48
74
Other activities(2)
30
(10)
(24)
(8)
Total operating profit
1,532
1,995
1,809
1,409
1,448
Net finance costs(3)
19
(18)
(59)
(32)
(60)
Profit before tax
1,551
1,977
1,750
1,377
1,388
Tax on profit on ordinary activities(4)
(616)
(831)
(736)
(559)
(591)
Profit for the period
935
1,146
1,014
818
797
Minority interest
(36)
(26)
(49)
(36)
(43)
Earnings (BG Group shareholders)
899
1,120
965
782
754
Earnings per ordinary share (cents)
26.6
33.2
28.6
23.3
22.4
Net cash flow from operating activities
2,323
2,508
2,177
1,950
1,478
Net (borrowings)/funds
(5,047)
(4,483)
(4,775)
(4,703)
(3,389)
Capital investment
2,770
1,901
1,780
2,663
1,761
 
ADDITIONAL INFORMATION: EXPLORATION AND PRODUCTION
 
Lifting costs ($/boe)
$4.91
 
$4.48
$3.90
$4.37
$3.34
Opex ($/boe)
$7.77
 
$6.95
$6.40
$6.65
$5.42
Development expenditure
($ million)
1,006
 
607
743
1,165
933
Gross exploration expenditure
($ million)
1,218
 
435
436
852
449
– capitalised
1,126
 
341
315
767
356
– other expenditure
92
 
94
121
85
93
 
(1)   All information is prepared under IFRS
(2)   Other activities include new business development expenditure and certain corporate costs
(3)   Includes share of joint ventures and associates net finance costs
(4)   Includes share of joint ventures and associates tax
 
 


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