Deals
BG Fourth-Quarter Profit Declines 54%, Beating Analyst Estimates
The BG Group Armada North sea gas condensate platform off the coast of Aberdeen, U.K.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
BG Group Plc, the U.K. energy company being acquired by Royal Dutch Shell Plc, said fourth-quarter profit dropped 54 percent following oil’s decline.
Adjusted net income fell to $423 million from $915 million a year earlier, Reading, England-based BG said Friday in a statement. That beat the $347.3 million average estimate of six analysts surveyed by Bloomberg.