Oil India Ltd News

Oil India suffers cyber attack, receives Rs 57 crore ransom demand_53370

A case was registered under various sections of the Indian Penal Code and the Information Technology Act, 2000

ONGC, Oil India gain 3% in tandem with crude oil prices_53219

Crude oil prices increased around 6 per cent on Tuesday amid news reports of lower supply by oil producers and easing of lockdown restrictions in parts of China

Amid Ukraine crisis, clouds of uncertainty weigh on OMC stocks_39021

Fall in refining margins and likely sharing of subsidy burden are key overhangs

ONGC, Oil India surge 10%; gain up to 41% in 6 months on high oil prices_38627

Earnings outlook for upstream PSUs has improved considerably given the recent rise in crude oil prices above $90/bbl mark and expectation of a further steep hike in domestic gas price over H1-H2FY23

Oil India Q3 net profit jumps 37% to Rs 1,245 cr, total income rises 88%_31281

State-owned Oil India Ltd on Friday reported 37 per cent jump in third quarter net profit as it benefitted from a rise in international oil prices. Net profit of Rs 1,244.90 crore in October-December 2021 is compared with Rs 903.69 crore net profit a year back, the company said in a statement. Total income jumped 88 per cent to Rs 4,705.20 crore in the three-month period ended December 31, 2021. "Average crude oil price realization for Q3 2021-22 is USD 78.59 per barrel as compared to USD 44.09 for Q3 of 2020-21, increase of 78.25 per cent," it said. Also, natural gas price rose to USD 2.90 per million British thermal unit from USD 1.79. While natural gas production rose 18 per cent to 0.793 billion cubic meters in Q3, crude oil production was almost unchanged at 0.75 million tonne. Board of OIL declared a second interim dividend of Rs 5.75 per share for 2021-22 which resulted in total interim dividend till date of Rs 9.25 per share for the fiscal year. For nine months ended Dec