ONGC Q2 Results: Profit falls 20% YoY to Rs 10,216 crore on lower oil prices
The company’s crude oil production fell 2% year-on-year to 5.25 million metric tonnes during the quarter. The gas production fell nearly 3% to 5.2 billion cubic meter. ONGC has struggled with production for years as its fields have matured and no major discoveries have been made in a long time.
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