High Crude Prices Drive Q1 Profit Surge for ONGC and Oil India, But Production Growth Diverges

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Finance

11 August 2026 at 10:16 pm

High Crude Prices Drive Q1 Profit Surge for ONGC and Oil India, But Production Growth Diverges

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Summary

Higher crude oil prices led to increased Q1 profits for state explorers ONGC and Oil India, but their production growth diverged, with Oil India expanding output while ONGC's decline continued.

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