RPT,UPDATE 2-BG raises 2015 production guidance as profit slides

viernes 30 de octubre de 2015 06:08 GYT
 

* Raises 2015 production target to 680,000-700,000 boepd

* Quarterly EBITDA down 37 pct to $1.24 bln

* 2016 capex to be "meaningfully" lower - CFO (Repeats to add link to Breakingviews story, no change to text)

By Karolin Schaps

LONDON, Oct 30 (Reuters) - BG Group raised its 2015 production guidance for the second time this year on Friday as Britain's third-biggest energy company posted a sharp but better-than-expected fall in third-quarter earnings.

BG, which has accepted a $70 billion takeover offer from Shell, cited higher-than-expected output from fields in Brazil and Australia for its higher production guidance.

Its quarterly core earnings fell 37 percent to $1.24 billion, better than the $1.16 billion consensus estimate of analysts polled by the company.

A day earlier BG's acquirer Shell missed third-quarter expectations as it took an $8.2 billion charge after scrapping projects in the Arctic and Canada.

A continued fall in oil prices since Shell's acquisition was announced in April has raised concerns among investors that it may be overpaying for BG.   Continuación...