LNG 0.00% 49.0¢ liquefied natural gas limited

Company Write Downs

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    LONDON—Oil and natural gas company BG Group PLC on Tuesday reported a $8.9 billion pretax impairment for the fourth quarter on assets in Australia and because of the impact of low oil prices on other assets.
    BG reported a net loss of $5.03 billion for the fourth quarter compared with a net loss of $1.08 billion in the same period a year earlier due to the impairments, which totaled $5.9 billion after tax.
    BG’s underlying earnings fell 19% in the fourth quarter amid declining oil prices and lower output.
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