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Oil India holds its 495th Annual Board Meeting in Noida

Oil India holds its 495th Annual Board Meeting in Noida

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  13 Nov 2018 3:36 PM GMT

The Oil India Board holds its 495th board meeting on November 12 in Noida. The Board meeting approved the Q2 and H1 FY 2018-19 results. Here is a glimpse of the Q2 and H1 FY 2018-19 results:

DetailsUnitQ2

2018-19

Q2

2017-18

H1

2018-19

H1

2017-18

A. Financial
Total IncomeRs. Crores4031.412804.737548.645290.43
TurnoverRs. Crores3743.582473.747134.044805.48
Net ProfitRs. Crores862.01645.971565.231096.21
Earnings per shareRs.7.595.6913.799.50
B. Crude oil Price
Crude Oil Price RealizationUSD/Barrel73.4250.1072.7549.26
Rs/Barrel5150.413220.934988.473170.87
Ex RateRs70.1564.2968.5764.37
C. Production

Crude oil*MMT0.8560.8591.7001.703
Natural Gas*BCM0.7340.7651.4301.489
Oil + Oil equivalentMMTOE1.5901.6243.1303.192
D. Sales

Crude oilMMT0.8310.8451.6421.663
Natural GasBCM0.6450.6341.2421.229
Oil + Oil equivalentMMTOE1.4761.4792.8842.892

*includes OIL’s production in joint ventures.

The highlights of the board meeting are as follows:

  • PAT for H1 FY2018-19 increased by 42.79% to Rs. 1,565.23 crore as compared to PAT of Rs. 1,096.21 crore during H1 FY2017-18. PAT for Q2 FY2018-19 is Rs 862.01 crore which is higher by 33.44% as compared to PAT for Q2 FY2017-18 of Rs 645.97 crore.
  • Crude Oil price realisation increased by 47.69% to US$ 72.75/BBL in H1 FY2018-19 as compared to US$ 49.26/BBL during H1 FY2017-18.
  • Crude price realisation in INR terms was higher by 57.32% to Rs. 4,988.47/BBL in H1 FY2018-19 as compared to Rs. 3,170.87/BBL during H1 FY2017-18.
  • Average Natural gas price realisation during H1 FY2018-19 was US$ 3.06/MMBTU as compared to US$ 2.48/MMBTU in H1 FY2017-18.
  • Crude Oil production for the H1 FY2018-19 is 1.70 MMT which is more or less same as the crude oil production of H1 FY2017-18.
  • Natural gas production during H1 FY2018-19 is down by 3.96% to 1,430 MMSCM as compared to 1,489 MMSCM during H1 FY2017-18 due to short upliftment by certain consumers.

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