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World's 5 most transparent oil companies

May 2, 2008

4. BG Group

BG Group has operations in some 27 countries over five continents. While the company's headquarters are in the United Kingdom, over 65 per cent of the talented professionals who make up the BG team are located outside the UK.

BG Group is a publicly listed company on the London Stock Exchange and is also listed on the US over-the-counter market known as 'International OTCQX'.

The company has posted very strong results for the first quarter of 2008 driven by increased E&P and LNG volumes and improved realisations.

Some of the growth figures of the company and its achievements as on December 31, 2007, are given below:

  • E&P total operating profit up 316 million pounds to 942 million pounds
  • LNG total operating profit up 274 million pounds to 395 million pounds
  • Group total operating profit up 579 million pounds to 1,402 million pounds
  • The company's acquisition of interests in Queensland Gas Company was completed
  • Image: Fire rages along a damaged gas BG Group pipeline close to the town of Hit, about 150 kilometres northwest of Baghdad. Residents said that the pipleline was struck by an explosion overnight.

    Photograph: Cris Bouroncle/AFP/Getty Images

    Also read: Remittance: India tops the world

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