ONGC Posts Surprise Profit Drop on Royalties, Weak Gas Price
Workers lay an underground oil pipeline in an oilfield. (Photographer: Andrey Rudakov/Bloomberg)

ONGC Posts Surprise Profit Drop on Royalties, Weak Gas Price

(Bloomberg) -- Oil & Natural Gas Corp.’s quarterly profits missed estimates for a gain as lower gas revenues and a jump in royalty payments outweighed the boost from higher crude prices.
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