{"id":555641,"date":"2023-02-15T10:06:45","date_gmt":"2023-02-15T04:36:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=555641"},"modified":"2023-02-15T11:29:25","modified_gmt":"2023-02-15T05:59:25","slug":"ongc-dec-quarter-consolidated-profit-jumps-26-on-higher-oil-gas-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-dec-quarter-consolidated-profit-jumps-26-on-higher-oil-gas-prices\/","title":{"rendered":"ONGC Dec quarter consolidated profit jumps 26% on higher oil, gas prices"},"content":{"rendered":"<p>State-owned Oil and Natural Gas Corporation (ONGC) reported a 26 per cent jump in its third quarter net profit on the back of a rise in oil and natural gas prices.<\/p>\n<p>Net profit of Rs 11,044.73 crore, or Rs 8.78 per share, in October-December compared with Rs 8,763.72 crore, or Rs 6.97 per share, in the same period a year back, according to a company&#8217;s stock exchange filing.<\/p>\n<p>The profit was, however, lower than the Rs 12,825.99 crore earnings in the immediately preceding quarter of July-September.<\/p>\n<p>The rise in profitability was helped by higher realisation on crude oil and gas the firm produces and sells. This offset the continuing decline in oil and gas production.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Oil and Natural Gas Corporation (ONGC) reported a 26 per cent jump in its third quarter net profit on the back of a rise in oil and natural gas prices. Net profit of Rs 11,044.73 crore, or Rs 8.78 per share, in October-December compared with Rs 8,763.72 crore, or Rs 6.97 per share, in the same period a year back, according to a company&#8217;s stock exchange filing. The profit was, however, lower than the Rs 12,825.99 crore earnings in the immediately preceding quarter of July-September. The rise in profitability was helped by higher realisation on crude oil and gas [&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-555641","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\/555641","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=555641"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/555641\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=555641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=555641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=555641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}