{"id":247096,"date":"2019-02-15T06:38:18","date_gmt":"2019-02-15T06:38:18","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=247096"},"modified":"2019-02-15T06:38:18","modified_gmt":"2019-02-15T06:38:18","slug":"ongc-profit-jumps-65-per-cent-in-december-quarter","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-profit-jumps-65-per-cent-in-december-quarter\/","title":{"rendered":"ONGC profit jumps 65 per cent in December quarter"},"content":{"rendered":"<p>NEW DELHI: State-run Oil and Natural Gas Corporation (ONGC) on Thursday reported a nearly 65 per cent jump in net profit for the quarter ended December 31 compared to the same period of the previous year, with higher oil prices offsetting a fall in production. The company recorded a net profit of Rs 8,262.70 crore against Rs 5,014.67 crore the previous year. <\/p>\n<p>According to the oil and gas major, it realised $66.38 for every barrel of crude oil it sold in the quarter, 13.6 per cent higher than $58.42 per barrel realised during the same period of the previous year. Gas prices, meanwhile, were a whopping 163 per cent higher during the quarter compared to the previous year.<\/p>\n<p>Revenue from operations rose to Rs 27,694.09 crore from Rs 22,995.88 crore, but crude oil production dropped 4.8 per cent while gas output rose 6.6 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: State-run Oil and Natural Gas Corporation (ONGC) on Thursday reported a nearly 65 per cent jump in net profit for the quarter ended December 31 compared to the same period of the previous year, with higher oil prices offsetting a fall in production. The company recorded a net profit of Rs 8,262.70 crore against Rs 5,014.67 crore the previous year. According to the oil and gas major, it realised $66.38 for every barrel of crude oil it sold in the quarter, 13.6 per cent higher than $58.42 per barrel realised during the same period of the previous year. [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,207,143],"tags":[],"class_list":["post-247096","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/247096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=247096"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/247096\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=247096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=247096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=247096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}