Overview
Type
Government Owned Company
Revenue
$55,048.34 million
Headquarters
New Delhi, Delhi
Maharatna ONGC is the largest producer of crude oil and natural gas in India, contributing around 70 per cent of Indian domestic production. The crude oil is the raw material used by downstream companies like IOC, BPCL, HPCL to produce petroleum products like Petrol, Diesel, Kerosene, Naphtha, Cooking Gas-LPG. ONGC is India’s Top Energy Company and ranks 17th among global energy majors (Platts). It is the only Indian company to figure in Fortune’s ‘Most Admired Energy Companies’ list. ONGC ranks 17th in ‘Oil and Gas operations’ and 220th 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 most valued public enterprise in India, and one of the highest profit-making and dividend-paying. ONGC has a unique distinction of being a company with in-house service capabilities in all areas of Exploration and Production of oil & gas and related oil-field services. Winner of the Best Employer award, a dedicated team of over 33,500 professionals toil round the clock in challenging locations. ONGC is an integrated energy company with interests in upstream, midstream and downstream sector of the hydrocarbon value chain, LNG, Power generation, petrochemicals and Value Added Products. ONGC's wholly-owned subsidiary ONGC Videsh Limited (OVL) is the biggest Indian multinational in the energy space, participating in 36 oil and gas properties in 17 countries. ONGC's subsidiary Mangalore Refinery and Petrochemicals Limited (MRPL) is a Schedule ‘A’ Miniratna, with a single-location refining capacity of 15 million tons per annum. Asia-based largest oil & gas company Oil and Natural Gas Corporation Limited specializes in the exploration and production of crude oil and gas. The Company has joint ventures in oil fields in Vietnam, Norway, Egypt, Tunisia, Iran and Australia. The Group's other activities include deep sea explorations on the east and west coasts of India, and the exploration of coal bed methane. The crown jewel of India's oil and gas assets, state-owned Oil & Natural Gas Corporation (ONGC) is the largest crude oil and natural gas company in India, making up some 70% of Indian domestic production. The company’s international arm—ONGC Videsh— is a wholly-owned subsidiary with presence in some 20 countries. Founded by India’s first Prime Minister, Jawahar Lal Nehru, ONGC is an integrated energy company with in-house capability in E&P including Acquisition, Processing & Interpretation (API) of Seismic data, drilling, work-over and well stimulation operations, engineering & construction, production, processing, refining, transportation, and marketing of products. It produces more than 22 MMT of crude oil production and 23 BCM of gas per year, mostly from a legacy-dependent portfolio. In 2018, the Indian government was planning to sell $2 billion worth of ONGC shares to meet its divestment targets. India's government owns more than 70% of ONGC. Try D&B Hoovers Free The crown jewel of India's oil and gas assets, state-owned Oil & Natural Gas Corporation (ONGC) is the largest crude oil and natural gas company in India, making up some 70% of Indian domestic production. The company’s international arm—ONGC Videsh— is a wholly-owned subsidiary with presence in some 20 countries. Founded by India’s first Prime Minister, Jawahar Lal Nehru, ONGC is an integrated energy company with in-house capability in E&P including Acquisition, Processing & Interpretation (API) of Seismic data, drilling, work-over and well stimulation operations, engineering & construction, production, processing, refining, transportation, and marketing of products. It produces more than 22 MMT of crude oil production and 23 BCM of gas per year, mostly from a legacy-dependent portfolio. In 2018, the Indian government was planning to sell $2 billion worth of ONGC shares to meet its divestment targets. India's government owns more than 70% of ONGC.
