Oil & Gas companies impress investors with Q3 earnings
Shital Jibhe / 13 Feb 2017
Oil and gas companies have given impressive results in the third quarter ended on December 31, 2016. Following are the top oil and gas companies that gave outstanding results:
Oil and gas companies have given impressive results in the third quarter ended on December 31, 2016. Following are the top oil and gas companies that gave outstanding results:
* Reliance Industries Ltd. recorded 9.95 per cent increase in its standalone net profit, 9.26 per cent increase in its revenue, for the quarter ended on December 31, 2016
* ONGC Ltd. recorded 196 per cent increase in its standalone net profit and 8.98 per cent increase in its revenue for the quarter ended on December 31, 2016
* IOC Ltd. recorded 30.68 per cent increase in its standalone net profit and 11.56 per cent increase in its revenue for the quarter ended on December 31, 2016.
* BPCL Ltd. recorded 52.62 per cent increase in its standalone net profit and 14.73 per cent increase in its revenue for the quarter ended on December 31, 2016.
The above four companies are witnessing increase in their open interest and decrease in their share prices, reflecting short build up position on Monday's trading session.
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