BG Group Third-Quarter Profit Drops 63% as Oil Prices Slide

BG Group Plc, which agreed to be acquired by Royal Dutch Shell Plc in April, reported a 63 percent decline in third-quarter profit after oil prices dropped to the lowest since 2009.

Net income fell to $280 million from $759 million a year earlier, Reading, England-based BG said Friday in a statement. That beat the $200.5 million average estimate of 11 analysts surveyed by Bloomberg.

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