April 21 (Reuters) - Oil Search (OSH) on Tuesday posted a near 10% drop in first-quarter revenue, as an oil price war and measures to slow the coronavirus pandemic pummelled demand and dragged down prices for the commodity.
The Papua New Guinea-focused oil and gas producer's revenue for the quarter ended March 31 came in at $359.4 million, lower than the $398.1 million for the same period last year.
The figure, however, beat a UBS estimate pegged at $252 million.
Total production was relatively steady at 7.37 million barrels of oil equivalent, 1.7% higher from a year ago.
News: OSH Oil Search Q1 revenue slips nearly 10% on global oil price slump
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