What is ONGC actually into and how does the price of crude affect the performance of the company?
what happens to the topline and bottomline when the crude prices fall and rise???
2006-11-29 00:46:45 · 2 answers · asked by Anonymous in Business & Finance ➔ Investing
The Oil and Natural Gas Corporation of India seems to be doing some really good work, but from the website most companies look pretty.
As for how the price of crude affecting the performance (usually we refer to stock price performance which may or may not, usually not, be 1 for 1 linked to financial performance). Part of the price appreciation or depreciation is linked to the value of crude oil (or whatever, like the natural gas) in the defined proven reserves. If a company has, say, a billion barrels of crude and the price of the oil goes up a dollar, then the asset value of those reserves just rose a billion. I'd think that would affect the value of the company, wouldn't you?
2006-11-29 12:34:27 · answer #1 · answered by Rabbit 7 · 0⤊ 0⤋
with crude it also affects on govt selling price in India
2006-11-30 01:55:29 · answer #2 · answered by dinu_pawar 5 · 0⤊ 0⤋