{"id":581705,"date":"2023-06-03T11:33:59","date_gmt":"2023-06-03T06:03:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=581705"},"modified":"2023-06-03T12:34:43","modified_gmt":"2023-06-03T07:04:43","slug":"sp-output-growth-to-outstrip-fall-in-oil-prices-for-ongc","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sp-output-growth-to-outstrip-fall-in-oil-prices-for-ongc\/","title":{"rendered":"S&amp;P: Output growth to outstrip fall in oil prices for ONGC"},"content":{"rendered":"<p>Growth in production volumes will outstrip the impact of moderating oil prices on Oil &amp; Natural Gas Corporation\u2019s (ONGC) earnings in the current fiscal, S&amp;P Global Ratings said in a statement on Friday.<\/p>\n<p>\u201cWe estimate the company\u2019s Ebitda at `1 trillion-1.1 trillion over fiscals 2024 and 2025, compared with about `987 billion in fiscal 2023,\u201d the rating agency said about India\u2019s largest oil &amp; gas producer.<\/p>\n<p>ONGC\u2019s operating cash flows will rise over the next 12-24 months thanks to higher production volumes, stable earnings from domestic gas production and the removal of a windfall tax on crude oil, it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Growth in production volumes will outstrip the impact of moderating oil prices on Oil &amp; Natural Gas Corporation\u2019s (ONGC) earnings in the current fiscal, S&amp;P Global Ratings said in a statement on Friday. \u201cWe estimate the company\u2019s Ebitda at `1 trillion-1.1 trillion over fiscals 2024 and 2025, compared with about `987 billion in fiscal 2023,\u201d the rating agency said about India\u2019s largest oil &amp; gas producer. ONGC\u2019s operating cash flows will rise over the next 12-24 months thanks to higher production volumes, stable earnings from domestic gas production and the removal of a windfall tax on crude oil, it said.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-581705","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/581705","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=581705"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/581705\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=581705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=581705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=581705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}