| BUSINESS PERFORMANCE (1) |
2010 |
2009 |
| Dated Brent assumption ($/bbl) |
79.47 |
61.51 |
| FX rate ($/£) |
1.55 |
1.55 |
| Henry Hub ($/mmbtu) |
4.39 |
3.99 |
|
|
|
| E&P production (mmboe) |
235.7 |
234.9 |
| – oil volume (mmboe) |
29.1 |
30.8 |
| – liquids volume (mmboe) |
34.4 |
35.7 |
| – gas volume (mmboe)(3) |
172.2 |
168.4 |
|
- of which UK gas (mmboe) |
21.1 |
26.2 |
|
- of which International gas (mmboe) |
151.1 |
142.2 |
| Realised avg UK gas (pence per produced therm) |
36.86 |
43.07 |
| Realised avg UK gas (cents per produced therm) |
57.54 |
65.41 |
| Realised avg Int’l gas price (cents per produced therm) |
32.81 |
28.08 |
| Overall avg gas price (cents per produced therm) |
36.02 |
34.07 |
| Realised avg oil price ($/bbl) |
77.56 |
60.94 |
| Realised avg liquids price ($/bbl) |
65.83 |
49.22 |
| |
|
|
| |
|
|
Total operating profit including share of pre-tax operating results from joint ventures and associates
($ million) |
|
|
| E&P (excluding Exploration) |
4,531 |
4,158 |
| Exploration charge |
(765) |
(935) |
| Exploration and Production |
3,766 |
3,223 |
| Liquefied Natural Gas |
2,449 |
2,405 |
| Transmission and Distribution |
711 |
721 |
| Other activities (2) |
(1) |
(19) |
| Total operating profit |
6,925 |
6,330 |
| Net finance costs(3) |
(156) |
(192) |
| Profit before tax |
6,769 |
6,138 |
| Tax on profit on ordinary activities(4) |
(2,606) |
(2,595) |
| Profit for the period |
4,163 |
3,543 |
| Non-controlling interest |
(150) |
(151) |
| Earnings (BG Group shareholders) |
4,013 |
3,392 |
| Earnings per ordinary share (cents) |
118.7 |
100.9 |
| Dividend per share |
21.60 |
19.63 |
| |
|
|
| Cash generated by operations |
8,370 |
7,597 |
| Capital investment |
9,247 |
8,076 |
| Net (borrowings)/funds |
(6 973) |
(4 775) |
| Gearing ratio (%) |
20.1 |
16.9 |
| |
|
|
| Additional Information: E&P |
|
|
| Lifting costs ($/boe) |
$4.79 |
$3.69 |
| Opex ($/boe) |
$7.28 |
$5.97 |
| Gross exploration expenditure (including acquisitions): |
2,342 |
2,898 |
| Capitalised (including acquisitions) |
1,959 |
2,508 |
| Other expenditure |
383 |
390 |
|
| |
| (1) All information is prepared under IFRS. Business Performance excludes disposals, certain re-measurements and impairments as exclusion of these items provides a clear and consistent presentation of the underlying operating performance of the Group’s |
| |
| (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 |
| |
| The Power Generation segment was discontinued in Q3 2010, following the disposal of the majority of the Group's power assets. |
| The remaining Power businesses have been allocated to other business segments based on their activity and location. |
| 2009 results have been restated to reflect this. |
| |