Deal insight

Shell acquires BG: an in-depth view

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Contact us about this report

Report summary

The strategic drivers for Shell are clear and compelling: the deal establishes it as the leading player globally in both deep water and LNG. Deal economics are equally attractive: we value BG at US$84 billion (NPV10) or an Implied Long term Oil Price of US$85/bbl.

What's included

This report contains

  • Document

    Shell acquires BG: an in-depth view

    PDF 356.77 KB

Table of contents

  • Executive summary
  • Upstream assets
  • Deal analysis
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 11 images and tables including:

Images

  • 1) WoodMac base forecast for BG production; 2) WoodMac base valuation of BG upstream portfolio
  • Shell / BG upstream portfolio overlap, WoodMac NPV10: 1) by country; 2) by resource theme
  • Shell BG combined vs. peers based on: 1) production; 2) total resource
  • 1) Share price performance (relative) and; 2) market premium / discount to WoodMac valuation

Tables

  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Upstream assets: Table 1
  • Appendix 1 - BG portfolio base modelling and valuation

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898