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Oil and Natural Gas Corporation (ONGC)

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Oil and Natural Gas Corporation (ONGC)

  • Largest crude oil and natural gas company in India
  • ONGC Videsh, its subsidiary, is the largest India’s largest international oil and gas company
  • Standalone total income of Rs 1,17,173.56 crore (US$ 16.77 billion) in FY19 and Rs 79,538.21 crore (US$ 11.38 billion) in 9MFY20

ONGC, a Maharatna company, is the biggest crude oil and natural gas name in India, contributing around 75 per cent to Indian domestic production. The company ranks 11th among global energy majors (Platts). It is the only public sector Indian company to feature in Fortune’s ‘Most Admired Energy Companies’ list. The company also ranks 18th in ‘Oil and Gas operations’ and 220 overall in Forbes Global 2000. Acclaimed for its Corporate Governance practices, Transparency International has ranked ONGC 26th among the biggest publicly traded global giants. It is the most valued and largest exploration and production (E&P) Company in the world and one of the highest profit-making and dividend-paying enterprise. ONGC has a unique distinction of being a company with in-house service capabilities in all areas of E&P of oil & gas and related oil-field services. Winner of the Best Employer award, this public sector enterprise has a dedicated team of over 33,500 professionals who toil round the clock in challenging locations.

Company Website: www.ongcindia.com

Oil and Natural Gas Corporation (ONGC) – Making Tomorrow Brighter

2020 ONGC and NTPC signed MoU (memorandum of understanding) to set up JV for renewable energy business
2019 ONGC Videsh makes two new oil discoveries in Colombia, Brazil
ONGC adopts Energy Strategy 2040
2018 Completed acquisition 51.11 per cent stake in Hindustan Petroleum Corporation Limited (HPCL)
2014 Completed acquisition of Videocon Group's 10 per cent stake in Rovuma Area I Block in Mozambique offshore
2010 Initiated Coal Bed Methane production
2004 Government of India divests 10 per cent stake
2003 Acquisition of Mangalore Refineries Petrochemicals Ltd from Birla Group
1993 Government of India divests 2 per cent stake
1984 GAIL formed out of ONGC
1974 Discovered Mumbai High
1970 Dug its first offshore well
1965 Creation of ONGC Videsh
1963 Oil discovery in Assam
1960 Oil discovery in Gujarat
1958 First oil discovery in Cambay
1955 Inception of ONGC

 

Updated: May, 2019

Oil And Gas
As of March 1, 2020, the oil refining capacity of India stood at 249.4 million tonnes, making it the second largest refiner in Asia.