The Times: BG’s bet on Bolivian gas could help it to breeze past oil majors
By Angela Jameson
29 July 2004
OIL prices soar and another energy company reports record profits. Sounds like a familiar story but at BG Group there is something different going on.
Of course, BG has benefited from the high oil price but that is not the whole picture. For a start, BG Group is quite a different animal from its giant cousins, Shell and BP. The company is 70 per cent dependent on gas, which means that its earnings are less volatile. And in an increasingly environmentally friendly world, it will reap the benefit of being cleaner than an oil-biased explorer.