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LONDON (Reuters) – Gas and oil company BG Group reported a 109 percent jump in first quarter net profit excluding non-operating items on Wednesday on higher production and strong prices.
BG (BG.L: Quote, Profile, Research) said in a statement its net profit before exceptionals was 563 million pounds, compared with an average forecast of 531 million pounds from a Reuters poll of nine analysts.
BG's production rose 28 percent to 55.8 million barrels of oil equivalent (boe) in the quarter, compared with a poll forecast of around 55.17 million boe.
This contrasts with falling production at bigger rivals BP (BP.L: Quote, Profile, Research) and Royal Dutch Shell (RDSa.L: Quote, Profile, Research).
BG's operating profit jumped 98 percent to 958 million pounds, compared with a consensus forecast of 931 million.
The main profit driver was BG's upstream gas and oil production unit, which saw operating profits climb 88 percent to 726 million pounds.
However, costs also rose in this unit due to higher input costs, tariffs and royalties, reflecting an industry-wide trend.
BG faces the potential loss of its Bolivian assets, which account for under 4 percent of proved reserves, after President Evo Morales nationalised the hydrocarbons industry.
“BG Group is carefully reviewing this new decree and developments in Bolivia and will be engaging with the Bolivian Government in the coming months,” the firm said.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
