{"id":554928,"date":"2023-02-13T09:55:19","date_gmt":"2023-02-13T04:25:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=554928"},"modified":"2023-02-13T10:47:38","modified_gmt":"2023-02-13T05:17:38","slug":"oil-india-reports-40-jump-in-dec-qtr-profit-on-high-output-better-pricing","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-india-reports-40-jump-in-dec-qtr-profit-on-high-output-better-pricing\/","title":{"rendered":"Oil India reports 40% jump in Dec qtr profit on high output, better pricing"},"content":{"rendered":"<p>BENGALURU (Reuters) -State-run explorer Oil India reported a bigger-than-expected 40% jump in third-quarter profit on Friday, aided by increased production and better price realisation.<\/p>\n<p>Crude oil production for the three months ended Dec 31 increased 7.03% from a year earlier, while natural gas output rose 1.64%, fuelling a more than 57% jump in revenue from operations to 58.79 billion rupees ($12.1 million).<\/p>\n<p>The company said it posted its highest ever profit in a quarter due to better pricing and higher output of crude oil and natural gas.<\/p>\n<p>Profit rose to 17.46 billion rupees, while analysts, on average, had expected a profit of 14.44 billion rupees, according to Refinitv IBES data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU (Reuters) -State-run explorer Oil India reported a bigger-than-expected 40% jump in third-quarter profit on Friday, aided by increased production and better price realisation. Crude oil production for the three months ended Dec 31 increased 7.03% from a year earlier, while natural gas output rose 1.64%, fuelling a more than 57% jump in revenue from operations to 58.79 billion rupees ($12.1 million). The company said it posted its highest ever profit in a quarter due to better pricing and higher output of crude oil and natural gas. Profit rose to 17.46 billion rupees, while analysts, on average, had expected a [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-554928","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/554928","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=554928"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/554928\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=554928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=554928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=554928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}