OSH oil search limited
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News: OSH Oil Search Q2 revenue falls about 30% on drop in oil prices

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    21/07/20
    09:15
    Post #: 45997365

    July 21 (Reuters) - Australia-listed Oil Search Ltd (OSH) on Tuesday reported a near 30% drop in second-quarter revenue, hurt by a sharp decline in oil and gas prices as demand plunged due to the coronavirus pandemic.

    The Papua New Guinea-focused oil and gas explorer recorded a revenue of $266.2 million for the three months ended June, down from $378.9 million a year earlier.

    UBS analysts had forecast revenue of $267 million.

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