Economic Times•Today at 00:34
Upstream oil and gas producers to shine in Q4, but OMCs and gas distributors face profit squeeze
ET Intelligence Group: Upstream oil and gas producers are expected to post strong earnings growth in the March quarter, driven by a sharp rise in crude oil prices, while downstream oil marketing companies (OMCs) and city gas distribution firms are likely to report weaker results. Analysts expect operating profit before depreciation and amortisation (Ebitda) for upstream companies to rise 6-49% quarter-on-quarter while revenue may grow 17-22%.
