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Last week BG announced its expectations for the full year 2015. The company sees: • Average E&P production volumes of 704 thousand barrels of oil equivalent per day (kboed), ahead of guidance of 680-700 kboed; Upstream EBITDA1 of at least $4.1 billion. • LNG Shipping & Marketing EBITDA1 of at least $1.4 billion, in line with guidance of around the middle of the $1.3-1.5 billion range; Business Performance2 earnings of around $1.7 billion. • Total earnings of at least $2.3 billion, which are expected to include a post-tax gain of at least $0.6 billion in respect of disposals, re-measurements and impairments; net cash flow from operating activities of around $4.3 billion. • Capital investment on a cash basis of around $6.4 billion, lower than guidance of around $6.5 billion.
BG Group
The group reported its Q3 15 earning, down 37% yoy to $1.24bn, better than the $1.16bn expected.
This Morning’s News BG Group (BG/ LN)
BG group reported a net result at $1.17bn in Q2 15, above expectations thanks to strong production growth and lower tax and despite falling LNG earnings.
This Morning’s News BG Group (BG/ LN) Oil & Gas Prices
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