Oil And Natural Gas Corporation

State-owned Oil and Natural Gas Corporation (ONGC) on Tuesday reported more than doubling of profit in the June quarter, helped by higher crude oil prices and increased realisations. Net profit of Rs 17,033.81 crore in April-June -- the first quarter of the 2026-27 fiscal year -- compared with Rs 8,024.23 crore earning in the same period a year back, according to a stock exchange filing of the company. The net profit compared with Rs 6,649.97 crore in the preceding January-March quarter. Total income rose to Rs 48,321.65 crore in Q1 from Rs 33,213.39 crore a year back. Profit before tax rose to a record quarterly high of Rs 22,848 crore. Higher crude oil prices boosted ONGC's earnings, with net crude oil realisation from nominated fields rising to USD 99.45 a barrel from USD 66.13 a year earlier. New well gas also contributed to earnings, accounting for about 38 per cent of revenue from the company's nomination gas portfolio. Revenue from new well gas stood at Rs 3,998 crore dur

Q1FY27 company results: Firms including Deepak Nitrite, Godrej Properties, NHPC, Kalyan Jewellers, Zydus Wellness, and Metro Brands are also to release their April-June earnings today

The ONGC board gave the green light to add 1.75 million tons of capacity in Mangalore, Karnataka, to national crude reserves, according to a filing

The government has relaxed the eligibility conditions for appointing the next chairman of state-owned ONGC by raising the maximum entry age to 59 years and offering the successful candidate a fixed three-year term extendable by up to two years, widening the pool of eligible contenders to head India's largest oil and gas producer. The Public Enterprises Selection Board (PESB), the government's headhunter for appointments to state-run firms, has invited applications for the post, which will fall vacant on December 7 when incumbent Arun Kumar Singh completes his extended tenure. Under the Oil and Natural Gas Corporation (ONGC) advertisement, candidates should not have attained the age of 59 years on the date of occurrence of the vacancy -- December 7, 2026. The selected candidate will initially be appointed for three years, with the tenure extendable by another two years after a performance review. "Any employment or extension of tenure beyond the age of 60 shall be on a contract basis

The average trading volumes at the Oil India counter jumped over five-fold, with a combined 13.46 million equity shares changing hands on the NSE and BSE in Wednesday's intra-day trade.

Oil India reported a 62 per cent YoY growth in Q4 consolidated net profit, backed by 4.4 per cent increase in revenue from operations. The stock has rallied 15 per cent in the last five days.

Market analysts attributed the sharp spike in crude oil prices to supply disruptions amid concerns that output from key West Asia producing regions may remain constrained for longer

ONGC and Oil India are key beneficiaries if Brent price remains elevated above USD 70/bbl as their CMP is discounting ~USD 65/bbl net crude realisation amidst low risk of windfall tax, said analysts.

The Government of India has not announced any windfall tax on domestic crude realisations; this is a key positive for ONGC and Oil India, believe analysts.

Thus far in the calendar year 2026, ONGC stock has outperformed the market by soaring 15 per cent, as against 12.8 per cent decline in the BSE Sensex.

ONGC in an exchange filing said that the rise in the company's share price was attributable to the increase in the world crude oil prices.

The EPCC project at Gujarat's Dahej Petrochemical Complex includes LNG, ethane and propane storage tanks and handling facilities, supporting India's first integrated petrochemical complex

Share price of Oil India hit an eight-month high of ₹467.30, gaining 4 per cent on the BSE in Wednesday's intra-day deals.

The fire triggered by a major gas blowout at an ONGC-owned well in Dr BR Ambedkar Konaseema district was extinguished on Saturday morning. Konaseema District Joint Collector T Nisanthi said the blowout has been fully controlled. The fire is extinguished. Almost no flames now. Blowout (was) fully controlled this (Saturday) morning only, she told PTI. Further, she said operations pertaining to capping of the gas well, Mori-5, and some mudding, a technical process, are underway now. A massive fireball reaching up to a height of 20 metres and a width of 25 metres erupted on January 5 near Mori and Irusumanda villages, following a gas leak at Oil and Natural Gas Corporation (ONGC)-owned well Mori-5. The gas well located in the lush green and amply irrigated Konaseema district was being operated by ONGC's Production Enhancement Contractor (PEC) Deep Industries Ltd, an Ahmedabad-based listed company. Following the disaster, ONGC senior management took direct operational control. The ON

Axis Capital has initiated coverage on ONGC with a 'Sell' rating, citing concerns over production, oil prices, and subsidiary debt

State-owned Oil and Natural Gas Corporation (ONGC) has reported an 18 per cent fall in its second-quarter net profit due to lower oil prices. The company's net profit stood at Rs 9,848 crore in July-September -- the second quarter of 2025-26 financial year -- compared to Rs 11,984 crore earnings in the same period a year back, ONGC said in a statement. The fall in profit of India's biggest oil explorer was primarily a decline in crude oil prices -- from USD 78.33 per barrel in Q2 of FY25 to USD 67.34 in the current fiscal. The crude oil that ONGC pumps from the ground and from beneath the seabed is sold to refineries, which process it into fuels like petrol and diesel. Price of natural gas, which is used to generate electricity, produce fertilizer, power automobiles as CNG and used in household kitchens as cooking fuel, rose 3.8 per cent to USD 6.75 per million British thermal unit for legacy wells. The rate for gas from new wells -- which receives a premium to offset additional c

Q2FY26 company results: Firms including Bajaj Finance, Ather Energy, WeWork India, Jindal Stainless, and DOMS Industries are also to release their July-September earnings reports today

Of the Rs 9,000 crore savings forecast, ONGC expects savings of Rs 4,300 crore by March 2026 as it implements 20 initiatives to boost cost efficiency

The idea is to ensure the country's gas pipeline network is ready for Hydrogen integration, so as to send a clear signal to the industry that this future fuel can be transported to the market

ONGC Videsh is the overseas investment arm of ONGC and annually produces about 10 million tonnes of oil through its assets