BG books $6 billion impairment charge on weak oil
LONDON Feb 3 (Reuters) - Britain's third-biggest energy company BG Group booked nearly $6 billion worth of impairment charges in 2014 on the back of the steep drop in oil prices, forcing it to slash its 2015 investment budget to $6-7 billion.
The group's full-year total operating profit fell 14 percent year on year to $6.5 billion, while earnings slipped 8 percent to $4 billion.
"In the new environment we are well placed to manage the downturn as we are reaching the end of a high capital expenditure cycle and will continue to add further production in 2015 from Brazil and Australia," Executive Chairman Andrew Gould said.
(Reporting by Karolin Schaps; editing by Kate Holton)
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