Net Sales are expected to decrease by 9.9 percent Y-o-Y (down 5.1 percent Q-o-Q) to Rs. 25,208 crore, according to Sharekhan.
The memorandum of understanding (MoU), signed late Monday, will be later signed as a definitive deal after Exxon studies the blocks of the company, one of the sources told Reuters.
In its most expensive acquisition ever, Oil and Natural Gas Corp (ONGC) last year paid Rs 36,915 crore to buy government's entire 51.11 per cent stake in Hindustan Petroleum Corp Ltd (HPCL).
Net Sales are expected to decrease by 12.9 percent Y-o-Y (down 8.2 percent Q-o-Q) to Rs. 24,382.6 crore, according to ICICI Direct.
ONGC is India's largest integrated oil and gas company, accounting for 75 percent of crude oil and natural gas production by volume, and 17 percent of domestic refining capacity.
The company said that smell of hydrocarbon was felt on September 25 morning as it was spread due to incessant rains, adding that there was "nothing to panic"
The board's order was issued considering violation of environmental laws in six wells of the state-owned energy behemoth in Assam.
Any further rise in crude prices may have an impact on the fiscal deficit situation of India amid fall in rupee against the US Dollar.
About 23 companies, or nearly 50%, of the Nifty50 universe is trading at a discount to their 10-year P/E multiple, data from Motilal Oswal and AceEquity showed
ONGC Petro additions Ltd (OPaL), majority-owned by ONGC, is primarily a polymer manufacturer, a chemical compound used in everything from textiles to plastics and packaging.
The company said in a statement that it has signed an MoU with the Assam government for enhancing its exploration and production activities in the state.
Rather than using it as a strategic instrument for disinvestment, the government has used the CPSE ETF like its ATM
Four people were killed and three others injured after a fire broke out at the ONGC plant at Navi Mumbai's Uran. The fire was doused later
Officials said OVL has applied for a sixth extension to explore Block-128, the licence for which was valid till June 15, 2019.
Oil and Natural Gas Corp (ONGC), which has seen crude oil production stagnate as a majority of its prime fields are ageing and are past their prime, has adopted a new 'Energy Strategy 2040', company Chairman and Managing Director Shashi Shanker told reporters here.
The funds so raised can be used to repay about Rs 15,000 crore of the company's existing borrowings, fund acquisitions or meet project/asset expenses.
Cautious and tepid commentaries by several corporates raise concern for the further earnings downgrades thus, Q2FY20 is expected to be muted as well
The firm produced 24.23 million tonnes of crude oil in the 2018-19 fiscal year and 25.81 billion cubic metres (bcm) of natural gas from its domestic fields.
ONGC Videsh Ltd, the firm's overseas investment arm, recorded the highest ever production of 14.83 million tonne of oil and oil equivalent gas during FY19.
The SEBI asked HPCL to re-file shareholding pattern to stock exchanges by August 13 for all quarters since ONGC acquired government's entire stake in the refiner in January 2018.
The complaint was filed by Indian National Shipowners' Association (INSA), a representative body of various ship owners.
Oil and Natural Gas Corp (ONGC) in January last year bought the government's entire 51.11 per cent stake in HPCL for Rs 36,915 crore. Following which, HPCL became ONGC's subsidiary.
Net Sales are expected to increase by 6 percent Y-o-Y (up 9.5 percent Q-o-Q) to Rs. 28,849 crore, according to Kotak.
ONGC's Baa1 issuer ratings are primarily driven by its standalone credit profile, as captured in its baa1 Baseline Credit Assessment (BCA).