Company Overview: ONGC is, State-Owned Oil and Gas Multinational company under the administrative control of the Ministry of Petroleum and Natural Gas. The company is Diversified in various sections of Oil and natural gas. Some of them are
Its wholly-owned subsidiary ONGC Videsh, India’s largest MNC, has 36 oil and gas projects, out of which 13 are operating in 17 countries. ONGC alone manages to produce 1.26 million barrels of oil per day. It is a producer of 70% of domestic oil production. Through its subsidiary MRPL, the company is operating in oil refining also.
ONGC has the expertise for any services needed for oil exploration and drilling.
Share Holding Pattern BSE Shareholding fillings
Financials and Ratio
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Future Prospects: As an Upstream Oil Company, the revenue and profitability of ONGC are affected by the Price of crude. Crude prices were under pressure in the last one or two years due to many things. Low demand and excess supply is the main reason for this. But as OPEC countries are in talks with Non-OPEC Countries to reduce production, it looks like Oil prices will go high even though there are Possibilities that if the price goes above $60/ bbl, then US oil producers will start their production, which is mainly shale.
In any way, Oil prices are going up, and that is a good sign for ONGC.
