{"id":596736,"date":"2023-08-09T09:36:11","date_gmt":"2023-08-09T04:06:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=596736"},"modified":"2023-08-09T10:28:41","modified_gmt":"2023-08-09T04:58:41","slug":"oil-indias-q1-profit-rises-marginally-as-lower-costs-outweigh-rev-drop","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-indias-q1-profit-rises-marginally-as-lower-costs-outweigh-rev-drop\/","title":{"rendered":"Oil India&#8217;s Q1 profit rises marginally as lower costs outweigh rev drop"},"content":{"rendered":"<p>BENGALURU (Reuters) &#8211; Oil India reported a marginal rise in first-quarter profit on Tuesday as a fall in expenses offset a dip in revenue on the back of a drop in crude prices. <\/p>\n<p>The oil explorer&#8217;s profit rose 4% to 16.13 billion rupees ($194.8 million) for the quarter ended June 30 from a year earlier. <\/p>\n<p>A 26.5% fall in Oil India&#8217;s total expenses outweighed a 22% slump in revenue. Crude oil prices dropped more than 43% in the June quarter, from a peak last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU (Reuters) &#8211; Oil India reported a marginal rise in first-quarter profit on Tuesday as a fall in expenses offset a dip in revenue on the back of a drop in crude prices. The oil explorer&#8217;s profit rose 4% to 16.13 billion rupees ($194.8 million) for the quarter ended June 30 from a year earlier. A 26.5% fall in Oil India&#8217;s total expenses outweighed a 22% slump in revenue. Crude oil prices dropped more than 43% in the June quarter, from a peak last year.<\/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-596736","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\/596736","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=596736"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/596736\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=596736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=596736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=596736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}