Oil And Natural Gas Corporation Share Price

With a significant contribution to India’s domestic oil and gas production, Maharatna Oil and Natural Gas Corporation Limited (ONGC) is a major public sector oil and gas company in India. The Government of India held 58.89% of ONGC’s equity as of June 2026. 

The current headquarters of the organisation is in New Delhi, while the management of this company’s activities comes under the purview of the Ministry of Petroleum and Natural Gas. ONGC operates in the exploration and production of crude oil and natural gas. 

Until 1955, major private companies were responsible for carrying out the work associated with exploring oil and natural gases. However, the GoI eventually realised the importance of crude oil and natural gas in India's industrial development and defence. This led to the development and framing of the Industrial Policy Statement in 1948. Eight years later, the GoI adopted the Industrial Policy Resolution of 1956, which aimed at developing the mineral oil industry and the formation of the Oil and Natural Gas Directorate. 

The Oil and Natural Gas Commission became a statutory body under the Oil and Natural Gas Commission Act, 1959. The Oil and Natural Gas Commission are thus to promote, organise, and implement necessary actions and programs for the exploration and development of petroleum resources. The commission is also instrumental in performing other activities conducive to transforming India's limited upstream sector. 

Major Milestones 

Since its inception, the corporation has been involved in various acquisitions and shareholdings. Some of the recent developments in ONGC in the last two decades are: 

• 1965 - ONGC Videsh Limited (OVL) traces its origins to Hydrocarbons India Private Limited, which was incorporated on 5 March 1965.  
• 2006 - To mark the 50th anniversary of the ONGC, a commemorative coin set was issued. After the State Bank of India, ONGC is the second Indian company to have a coin set issued in its honour. 
• 2012 - ONGC Videsh acquired an 8.4% participating interest in the Kashagan oil field project in Kazakhstan from ConocoPhillips. 
• 2014 - ONGC acquired a 10% stake in Videocon Group I, a Mozambican gas field. 
• 2015 - ONGC agreed to give USD 247 million offshore contract to Larsen & Toubro (L&T) for the Bassein development project. 
• 2016 - To facilitate the drilling and to create surface facilities to produce natural gas from Tripura's field, ONGC approved a direct investment of around 5,000 crore INR in February 2016 
• 2016 - Signed agreement to acquire 15% shareholding interest with Vankor- Russia's second-largest field by production for oil and natural gas. 
• 2017- ONGC acquired the Government of India's majority stake in HPCL in January 2018 following the approval process initiated in 2017 
• FY 2020 - ONGC spent more than 3 Lakh million INR towards multiple CAPEX initiatives. 
• 2022 - ONGC was ranked 190th globally and fourth among Indian companies in the Fortune Global 500 list. 
• 2024: ONGC commenced oil production from the KG-DWN-98/2 deepwater block in the Krishna-Godavari Basin. By December 2024, production had expanded to 13 oil wells, producing around 27,000 barrels of oil per day. 
• FY 2024-25: ONGC drilled 578 wells, including 109 exploratory and 469 development wells. It also invested around ₹62,000 crore in capital expenditure during the year. 
• 2025: ONGC entered into a technical services agreement with BP to support production from the Mumbai High field, focusing on enhanced recovery and production optimisation. 
• 2026: ONGC signed a non-binding Memorandum of Understanding (MoU) with Shell Energy India to explore opportunities in deepwater and ultra-deepwater oil and gas blocks and LNG sourcing. 

Subsidiaries of ONGC 

ONGC owns various subsidiaries overseas, including its involvement in 39 projects in 18 countries. Some of the countries where ONGC subsidiaries function include Bangladesh, Sudan, Venezuela, Namibia, Brazil, Kazakhstan, Myanmar, Russia, New Zealand, Vietnam, etc. 

National and International Recognitions 

As one of India's largest crude oil and natural gas producers. Some of its significant honours include: 

• 2013: Top employer in the Energy Sector in India by Randstad Awards 
• 2014: winner of Golden Peacock Award under the category of corporate social responsibility practices as well as 2013 Peacock Award winner under the category of occupational safety and health 
• 2010: Conferred by the GoI with the 'Maharatna Status' allows ONGC to exercise more freedom in decision-making. 
• 2014: Awarded with the FICCI's Best company promoting sports award in February 2014. 
• 2024: ONGC received the Golden Peacock Environment Management Award 2024 from the Institute of Directors for its environmental management practices. 
• 2024: ONGC received the Asia Pacific Human Resource Management Congress Award 2024 for Excellence in Corporate Social Responsibility (CSR) Practices. 
• 2025: ONGC's Dahej Plant received the Platinum Award at the 15th Annual EEF Global Environment Awards 2025 under the Health, Safety and Environment (HSE) and CSR category. 

ONGC Dividend Yield & Track Record 

The following table provides selected dividend-related information for ONGC. 

ONGC approved a second interim dividend of ₹6.25 per equity share for FY26, following an earlier interim dividend of ₹6 per share.  

Dividend yield changes with the share price and the dividends declared by the company. It should therefore be viewed along with earnings, cash flows and other financial measures. 

Key Factors Affecting ONGC Share Price 

The following are some factors that can influence ONGC stock price. 

• Crude Oil Prices: Changes in international crude oil prices can affect the economics of upstream oil production. 
• Domestic Production: Changes in crude oil and natural gas production can affect revenue and operating performance. 
• Government Policies: Pricing regulations, taxation, subsidy-related measures and energy policies can affect the company's operations. 
• Exploration Results: New discoveries and successful development of oil and gas fields can affect future production. 
• Deepwater Projects: Projects such as KG-DWN-98/2 can influence domestic production volumes as additional wells are developed. 
• Capital Expenditure: Spending on exploration, drilling and production infrastructure can affect future capacity and cash requirements. 
• Global Operations: Performance of international assets can also influence consolidated results. 

These factors can affect ONGC differently across reporting periods and market conditions. 

ONGC vs Oil India – Key Differences 

The following table compares selected financial and business metrics of ONGC and Oil India. 

The figures can change with market prices and subsequent financial results. Oil India also operates in crude oil and natural gas exploration and production, along with transportation and other energy activities.  

Key Factors to Analyse 

The following are some factors that can be considered when analysing ONGC. 

• Energy Demand: India's demand for oil and natural gas can influence the need for domestic production. 
• Exploration Activity: New discoveries and development of existing fields can affect production volumes. 
• Dividend Payments: ONGC has maintained dividend payments, although the amount and yield can change. 
• Crude Price Exposure: Changes in global crude prices can affect upstream earnings. 
• Production Trends: Domestic crude and gas production should be reviewed across reporting periods. 
• Government Role: Government ownership and energy policies remain relevant to the company's operations. 
• Capital Requirements: Exploration and deepwater projects require significant capital expenditure. 
• International Exposure: Overseas assets add another component to ONGC's consolidated operations. 

These factors can be reviewed alongside financial results, valuation ratios, cash flows and the company's latest disclosures. 

ONGC Company Information 

The following are some key identification details of ONGC. 

ONGC Board of Directors