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ONGC is an Indian public sector multinational crude oil and gas company based in New Delhi. It is owned by the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas. More

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  • ONGC to maintain financial flexibility as earnings steady: S&P June 02, 2023 03:35 PM IST

    ONGC to maintain financial flexibility as earnings steady: S&P

    S&P said ONGC is expected to continue to direct 55-60 percent of its operating cash flows for capital investments over the next 12-24 months.

  • Buy ONGC; target of Rs 215: Motilal Oswal May 31, 2023 09:46 PM IST

    Buy ONGC; target of Rs 215: Motilal Oswal

    Motilal Oswal is bullish on ONGC recommended buy rating on the stock with a target price of Rs 215 in its research report dated May 29, 2023.

  • Why ONGC's destiny is not under its control May 30, 2023 03:17 PM IST

    Why ONGC's destiny is not under its control

    ONGC’s profitability is directly linked to oil prices. Yet, above the critical threshold of around $75 per barrel, any gain from rising oil prices are offset by an increase in windfall tax.

  • ONGC gears up for Rs 1-lakh-crore green push to reach 10 GW capacity by 2030 May 30, 2023 06:19 AM IST

    ONGC gears up for Rs 1-lakh-crore green push to reach 10 GW capacity by 2030

    Chairman Arun Kumar Singh said that ONGC wants to focus on round-the-clock renewable energy projects and the company’s research centre is working on such solutions

  • Moneycontrol Selects: Top stories this evening May 29, 2023 06:33 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles to help you stay at the top of your game.

  • ONGC plans Rs 30,125 crore capex, sees output increasing in FY24  May 29, 2023 06:03 PM IST

    ONGC plans Rs 30,125 crore capex, sees output increasing in FY24 

    The oil exploration company said that in the last five years, it has spent around Rs 1,44,000 crore on capital expenditure.

  • ONGC Videsh has less than $100 million stuck in Russia, says official May 29, 2023 02:38 PM IST

    ONGC Videsh has less than $100 million stuck in Russia, says official

    Indian state oil firms have invested USD 5.46 billion in buying stakes in four different assets in Russia. These include a 49.9 per cent stake in the Vankorneft oil and gas field and another 29.9 per cent in the TAAS-Yuryakh Neftegazodobycha fields.

  • ONGC Consolidated March 2023 Net Sales at Rs 164,066.72 crore, up 5.22% Y-o-Y May 29, 2023 11:33 AM IST

    ONGC Consolidated March 2023 Net Sales at Rs 164,066.72 crore, up 5.22% Y-o-Y

  • ONGC Standalone March 2023 Net Sales at Rs 36,292.55 crore, up 5.2% Y-o-Y May 29, 2023 09:46 AM IST

    ONGC Standalone March 2023 Net Sales at Rs 36,292.55 crore, up 5.2% Y-o-Y

  • Market Live: Nifty at 5-month high; Maruti, ONGC, NCC in focus|US debt deal a short-term positive? May 29, 2023 08:41 AM IST

    Market Live: Nifty at 5-month high; Maruti, ONGC, NCC in focus|US debt deal a short-term positive?

    Nifty staged a remarkable run on Friday to shut shop near the 18,500 mark. Benchmark indices hit a 5-month high while the midcap index rallied over 3% last week. Will the momentum continue this week? We discuss the chart set up for the Nifty and stocks like Maruti, ONGC, BHEL, NCC & Clean Science among others with Nilesh Jain of Centrum Broking. Meanwhile, US President Joe Biden and top congressional Republican Kevin McCarthy have come to a preliminary agreement to increase the federal government's debt ceiling of $31.4 trillion. This agreement will potentially prevent the world's largest economy from slipping into a disruptive default. But will this just be a short-term reprieve for the markets? Seth Freeman, Managing Director, B Riley Advisory Services explains! Watch

  • ONGC puts a date to start of KG gas, seeks $12 price May 28, 2023 11:58 AM IST

    ONGC puts a date to start of KG gas, seeks $12 price

    Oil and Natural Gas Corporation (ONGC) will produce 0.4 million standard cubic metres per day - a fraction of the planned output from the block that sits next to Reliance Industries' prolific KG-D6 area in the Bay of Bengal, from June 15 and will ramp it up to 1.4 mmscmd by February 5, 2024, according to tender document the firm floated, seeking bids for gas sales.

  • ONGC shares slide 4% as consolidated net profit declines 53% in Q4 May 29, 2023 12:52 PM IST

    ONGC shares slide 4% as consolidated net profit declines 53% in Q4

    The company reported a rise in its consolidated total income in Q4FY23 to Rs 166,728.80 crore, against Rs 158,660.49 crore in the year-ago quarter.

  • ONGC slips ahead of March quarter earnings May 26, 2023 10:17 AM IST

    ONGC slips ahead of March quarter earnings

    ONGC's net sales for the March quarter are seen rising 4 percent YoY to Rs 35,772.5 crore, while a 24 percent YoY growth is likely in the profit after tax at Rs 10,957.9 crore, Kotak Institutional Equities has said

  • Market Live: Nifty earnings today – Sun Pharma, ONGC, M&M | Andrew Holland on where to invest now May 26, 2023 08:42 AM IST

    Market Live: Nifty earnings today – Sun Pharma, ONGC, M&M | Andrew Holland on where to invest now

    Nifty staged a remarkable comeback in the last hour of trade with Nifty Bank recouping most of its losses. Realty and FMCG were among the top gainers. Will the June series kick off on a positive note? Meanwhile, it’s the last leg of earnings season so gear up for Q4 results from the likes of Sun Pharma, M&M, ONGC and Grasim. Meanwhile, market veteran Andrew Holland shares his thoughts on the market - where we are headed from here and the top themes one can invest in now. We also discuss a whole host of stocks like Page Industries, Radico Khaitan & Emami with Raja Venkatraman of Neotrader. Watch!

  • ONGC, Oil India in talks for 50% stake in $3.4 billion Kenya oilfield, Chinese firm enters fray May 22, 2023 01:39 PM IST

    ONGC, Oil India in talks for 50% stake in $3.4 billion Kenya oilfield, Chinese firm enters fray

    Originally, ONGC Videsh, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), was interested in buying out half of the stakes that Tullow, Africa Oil Corp and TotalEnergies SE held in the Lokichar oilfield in Kenya.

  • PESB recommends no one for IOC top job May 18, 2023 11:17 AM IST

    PESB recommends no one for IOC top job

    This is the second instance in recent months where PESB did not find a suitable candidate for the top job at blue chip oil companies. On June 3, 2021, it did not find anyone suitable from nine candidates, including two serving IAS officers, to head ONGC.

  • OIL, ONGC shares gain 2% after govt slashes windfall tax to nil May 16, 2023 11:09 AM IST

    OIL, ONGC shares gain 2% after govt slashes windfall tax to nil

    The windfall tax on crude petroleum has been slashed to nil from Rs 4,100 per tonne, according to a notification issued by the government late on May 15.

  • Tata Motors, Avenue Supermarts, ONGC | Top stocks to watch on 12 May May 11, 2023 10:27 PM IST

    Tata Motors, Avenue Supermarts, ONGC | Top stocks to watch on 12 May

    These are the stocks that'll possibly be in the spotlight during trading hours on 12 May, Friday. We explain the reasons why these stocks are buzzing before the Opening Bell & the factors that come into play in trade. Check out this curated list of buzzing stocks from the Moneycontrol markets team & why they're in news.

  • ONGC gains over 3% after Centre reduces windfall tax on crude oil May 02, 2023 10:48 AM IST

    ONGC gains over 3% after Centre reduces windfall tax on crude oil

    Shares of ONGC rose over 3% on May 2 after the government lowered windfall tax on crude oil to Rs 4,100 from Rs 6,400 per tonne, effective immediately. The centre has kept the tax on petrol, diesel, and aviation turbine fuel at zero.

  • Lenders may halt funding oil and gas brands over climate change, fears ONGC chairman April 25, 2023 12:39 PM IST

    Lenders may halt funding oil and gas brands over climate change, fears ONGC chairman

    ONGC chairman Arun Singh believes that although, in India, fossil fuel projects have not yet faced any constraints with respect to funding, there still is some fear regarding the same.

  • Oil marketing companies may skid deep into red amid fears of crude hitting $100 a barrel April 14, 2023 07:25 AM IST

    Oil marketing companies may skid deep into red amid fears of crude hitting $100 a barrel

    Crude oil prices are at the breakeven price range of $85-$88 per barrel for India’s oil companies, which have less room to pass on the hike to end-consumers, according to analysts.

  • ONGC shares as investors book profits after sharp gains April 12, 2023 03:49 PM IST

    ONGC shares as investors book profits after sharp gains

    ONGC’s oil production declined to 16.88 million tonnes during the April-February period of the financial year 2022-23 from 20.80 million tonnes in the FY 2018.

  • ONGC bets on deepwater oil to offset imports April 11, 2023 02:30 PM IST

    ONGC bets on deepwater oil to offset imports

    “Onshore we have more or less drilled, appraised or acquired data in most of the basins,” Sushma Rawat, director of exploration for the state-owned giant, said in an interview. “But there are still large tracts offshore where we have very sparse data, where almost no wells have been drilled.”

  • New gas price regime to improve near-term volume growth for city distributors: Kotak Equities April 10, 2023 06:08 PM IST

    New gas price regime to improve near-term volume growth for city distributors: Kotak Equities

    The brokerage maintained ‘Buy’ call on the stocks of Indraprastha Gas Ltd and Mahanagar Gas Ltd.

  • Government cuts gas price for April to $7.92; ONGC/OIL capped at $6.5 April 08, 2023 08:26 AM IST

    Government cuts gas price for April to $7.92; ONGC/OIL capped at $6.5

    The Union Cabinet while changing the pricing formula capped the rates at $6.5 per mmBtu for gas produced at legacy oil fields