Bharat Petroleum Corporation

S&P Global Ratings on Wednesday said profit margins of oil marketing companies like IOC, BPCL and HPCL, could suffer as they are likely to keep retail prices of petrol and diesel unchanged to curb inflationary pressures. Oil prices have risen since the start of the US-Iran war with crude rising to over USD 100 per barrel earlier this week as the Strait of Hormuz, which handles about a fifth of the global crude oil and liquified natural gas (LNG) flows, remained effectively closed. Crude prices have fallen to USD 88 a barrel on Wednesday. S&P Global Ratings have recently revised its 2026 average price assumption for Brent crude oil prices by USD 5 to USD 65. The US-based rating agency said India will remain dependent on maritime routes to fulfil its crude needs, but there is some scope for diversification as the country has a history of buying oil from outside Asia, such as from Russia and South America. Purchases from Russia currently stand at 1.1 million bpd, while that from .

UBS' Global Oil team has also raised their near-term oil price forecasts, Q1-26E to $71/bbl (around $80/bbl for March), and the average for 2026 to $72/bbl

The crude was bought in two separate deals and will be co-loaded on a very large crude carrier to cut shipping costs, lifting India's Venezuelan imports to at least 6 million barrels through April

BPCL will source crude purely on techno-commercial merit amid geopolitical flux, with talks on Saudi investment in its Andhra refinery, says CMD Sanjay Khanna

The Nifty Oil and Gas declined as much as 1.24 per cent to the day's low of 12,199.20. Out of 15 constituents of the index, 13 stocks declined amid rising crude oil prices

BPCL, as the company is known, has issued tenders for three grades - Abu Dhabi's Murban, Iraqi Basrah and Oman crude - for delivery from April to March 2027

The US President Donald Trump approved a bipartisan Bill titled the 'Sanctioning of Russia Act 2025', according to US Senator Lindsey Graham

Motilal Oswal expects its coverage universe to report a 4 per cent Y-o-Y decline in sales in Q3FY26, while Ebitda and PAT are projected to grow 16 per cent and 25 per cent Y-o-Y

State-run BPCL is setting up a greenfield refinery and petrochemicals project near Ramayapatnam port in Nellore district to meet rising domestic demand and boost petrochemical exports

JM Financial said Brent crude is likely to remain subdued at around $65 per barrel in the near term, at least until the US mid-term elections in November 2026

Antique Stock Broking reiterated 'Buy' on Hindustan Petroleum Corp., Bharat Petroleum Corp., and Indian Oil Corp, with HPCL as the top pick

BPCL shares rose after it reported a 168 per cent Y-o-Y jump in standalone net profit at ₹6,442 crore for the second quarter

The Indian refiner purchased 2 million barrels of Upper Zakum crude for loading in December

Company's board of directors approves interim dividend of ₹7.5 per equity share for FY26

State-owned BPCL has said its crude procurement is based on techno-commercial viability for its refineries and it buys from every geography including Russia. BPCL Chairman and Managing Director Sanjay Khanna said that currently preparation of Detailed Feasibility Report (DFR) is underway for the company's proposed Greenfield Refinery and Petrochemical Complex near Ramayapatnam Port in Nellore district, Andhra Pradesh and obtaining necessary environmental clearances. "We buy oil from every geography and the oil which is most techno-commercially viable for the refinery, not only me (BPCL), every refiner goes for it. So that is the stand, be it Russian oil or any oil for that matter. That is how we go for it. Whichever is giving us the highest value for the company ensures the reliable operations," Khanna told PTI. A senior official of the Department of Petroleum and Natural Gas replying to a query on the crude imports from Russia on Tuesday said those decisions are not taken at the ..

Andhra Pradesh Government has issued orders allotting 6,000 acres of land situated near Ramayyapatnam Port in Nellore District on a cost basis, to BPCL Ltd for setting up 9 to 12 MMTPA Greenfield Refinery cum Petrochemical Complex, which envisages an investment of about Rs 1 lakh crore. The state government order gave in-principle approval of total financial incentives to Bharat Petroleum Corporation Limited, up to 75 per cent of the capital expenditure over a period of 20 years from the commencement of project activities, for the ultra-mega project of more than 96,000 crore under tailor-made incentives provisions. The BPCL is expected to invest Rs 4,843 crore during the current financial year and Rs 9,686 crore next year. It will be investing Rs 14,529 crore in 2027-28, Rs 29,059 crore in 2028-29 and Rs 38,745 crore in FY30, totalling Rs 96,862 crore investment, according to the government order. The public sector enterprise will get a capital subsidy of 43.5 per cent in 15 ...

Bharat Petroleum will complete the feasibility report for its Andhra Pradesh greenfield refinery by December 2025 before beginning talks with foreign partners for collaboration

The Petroleum Ministry has called for applications for BPCL's CMD post after G Krishnakumar's tenure ended; Sanjay Khanna currently holds additional charge of CMD

Nomura said that the INR's depreciation remains a headwind for OMCs and CGDs, as their input costs are dollar-linked while revenues are in rupees.

BPCL's Q1FY26 profit fell short of expectations as refining margins weakened, though marketing remained robust Analysts caution that rising capex could strain balance sheet