- BG Group (OTCQX:BRGXF, OTCQX:BRGYY), the U.K. energy company being acquired by Royal Dutch Shell (RDS.A, RDS.B), says its adjusted Q4 earnings of $423M were cut by more than half from a year earlier but well ahead of analyst consensus of $347M.
- For FY 2015, BG recorded a pre-tax profit of $2.97B, against a loss of $2.3B in 2014; Shell's full-year earnings fell 80% Y/Y to $3.84B.
- BG's full-year production rose 16% Y/Y to 704K boe/day, ahead of guidance for 680K-700K boe/day.
- Collapsing crude oil prices have affected BG less than some of its peers because the company is one of the few producers increasing output as projects start in Australia and Brazil - a top attraction for Shell, which is eager boost its own reserves, production and cash flow.