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Discounts eat into net at ONGC

Article Abstract:

Fiscal third-quarter net profit for Oil and Natural Gas Corporation Ltd. dropped 6.4% to $1.11 bil. The Indian firm offered to state-owned refiners its largest-ever discount, nearly $37 per barrel, which offset higher crude oil price gains.

Author: Singh, Gurdeep

Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008

India, Oil and Natural Gas Corporation Ltd.

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Rosneft net rises 80% on growth, oil acquisitions

Article Abstract:

Third-quarter net profit for Russian petroleum firm Rosneft rose 80% to $1.89 bil, driven by acquisitions, organic production increases, and larger refining volumes. Revenue rose 54% to reach $13.74 bil.

Author: Langley, Andrew

Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008

Russia, Rosneft

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Subjects list: Petroleum industry, Company sales and earnings, Company earnings/profit, Financial report

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