ONGC Q1 Results: Profit drops 34% YoY to Rs 10,015 crore on lower prices
Revenue for the April-June quarter fell 20% year-on-year to Rs 33,814 crore. The average oil price realized from nomination fields was 29.5% down from a year earlier to $ 76.49 per barrel during the quarter. In rupee terms, the realization was 25% lower at Rs 6,288 per barrel. Oil price realization from joint venture fields fell 31% to Rs 5,808 per barrel
