UPDATE 3-BG beats Q1 estimates after losing CEO

jueves 1 de mayo de 2014 07:10 GYT

* BG reports 6 pct fall in operating profit to $2 bln

* Shares trade higher as results beat consensus

* BG says will wait to appoint right CEO (Updates with interim executive chairman comment on asset disposals, share price)

By Karolin Schaps

LONDON, May 1 (Reuters) - British oil and gas company BG Group reported a lower-than-expected drop in first-quarter profit on Thursday, just days after its chief executive resigned.

The FTSE 100 company saw a 6 percent fall in operating profit to $2 billion but beat consensus forecasts and reassured investors its big projects were on track to help meet its 2014 production target of 590,000-630,000 barrels of oil equivalent per day.

The company has cut its output forecast several times in the last two years, resulting in a profit warning earlier this year.

Shares in BG were trading 3 percent higher at 1,235 pence at 1144 BST, one of the top four risers on the FTSE 100.

"Following the surprise departure of the CEO this week, BG's Q1 results should prove reassuring for investors," said analysts at Bernstein Research.   Continuación...