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Company type | Public limited company |
---|---|
Industry | Oil and gas |
Founded | 1997 (Demerger of Centrica) 2000 (Demerger of Lattice Group from BG Group) |
Defunct | 15 February 2016 |
Fate | Acquired by Royal Dutch Shell |
Headquarters | Reading, United Kingdom |
Products | Crude oil, natural gas, petrochemicals |
Revenue | US$19.289 billion (2014)[1] |
US$6.155 billion (2014)[1] | |
US$(1.044) billion (2014)[1] | |
Number of employees | 5,200 (2015)[2] |
Parent | Shell plc |
Website | www![]() |
BG Group plc was a British multinational oil and gas company headquartered in Reading, United Kingdom.[3][4] On 8 April 2015, Royal Dutch Shell announced that it had reached an agreement to acquire BG Group for $70 billion, subject to regulatory and shareholder agreement. The sale was completed on 15 February 2016. Prior to the takeover, BG Group was listed on the London Stock Exchange (BG.L) and was a constituent of the FTSE 100 Index. In the 2015 Forbes Global 2000, BG Group was ranked as the 583rd largest public company in the world.[5]
Prior to its acquisition by Shell, BG Group had operations in 25 countries across six continents and produced around 680,000 barrels of oil equivalent per day.[6][7] It had a major liquefied natural gas (LNG) business and was the largest supplier of LNG to the United States.[8] As at 31 December 2009, it had total proven commercial reserves of 2.6 billion barrels (410,000,000 m3) of oil equivalent.[9]
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