OVL’s oil production at 2.2mmt fell 5% q-o-q and 10% y-o-y, while gas production at 1.2bcm declined 6% q-o-q and 10% y-o-y. OVL reported a Q1 loss of Rs 3 bn due to lower production and subdued oil/gas prices.
from The Financial Express https://ift.tt/2F9crI4
Sunday, 6 September 2020
ONGC rating: Reduce – Lower other costs behind Ebitda beat
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