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CENTRICA PLC

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CENTRICA PLC - Energy & Power showcase

Year Founded & Workforce

1997

18,300 Employees

Industry

Energy & Power

Services

Gas Field and Offshore and Onshore Operations
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CENTRICA PLC Overview

Company Headquarter: UK

Founded: 1997

Workforce: ~18,300

Company Working: Centrica plc is an international energy and services company. The company offers business services & solutions for energy marketing & trading and central power generation. Centrica Storage Limited is a wholly owned subsidiary of Centrica plc, which used to store gas in the Rough gas field, located 29km (18 miles) from the coast and 2.7km below the seabed. The company caters to utilities, gas traders, and gas producers. 47/3 Bravo and 47/8 Alpha are its two offshore platforms located on the Rough gas field.

Strategy

Centrica plc focuses on both organic and inorganic strategies and invests a significant amount of its revenue in the development of the products and its organization. It also focuses on strategic mergers and acquisitions to become a leading player in the global market and compete sustainably.

Company Snapshot

$200.8M

Revenue

18,300

Employees

1997

Founded

SWOT Analysis

Strengths

  • Good revenue performance
  • Wide geographic presence
  • Strong reserve and production base

Weaknesses

  • Low liquidity position

Opportunities

  • Focus on business expansion through acquisitions
  • Increasing global demand for LNG
  • Scope for strategic agreements and contracts
  • Positive outlook for the global oil and gas market

Threats

  • Unfavorable weather conditions
  • Fluctuation in foreign currency exchange rates
  • Commodity risks

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Key Developments

DateApproachDevelopment
May 2017ExpansionCentrica plc invested EUR 60 million (approx. USD 67 million) in its operations offshore in Morecambe Bay to gain more output from the fields, which produces enough gas to heat 1.5 million homes in the UK.

Product Offering

  • CENTRICA PLC
    • Gas Field and Offshore and Onshore Operations

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: SBU breakup-0 rose from USD 200.8 Mn in 2015 to USD 592.1 Mn in 2018.
CENTRICA PLC — By Business Segment
Series (USD Mn)2015201620172018
SBU breakup-0200.872.8106.7592.1

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