Last 350.25 INR
Change Today +1.45 / 0.42%
Volume 3.4M
As of 6:06 AM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

oil & natural gas corp ltd (ONGC) Snapshot

Open
350.00
Previous Close
348.80
Day High
351.60
Day Low
346.05
52 Week High
06/9/14 - 472.00
52 Week Low
02/4/14 - 264.00
Market Cap
3.0T
Average Volume 10 Days
4.7M
EPS TTM
30.98
Shares Outstanding
8.6B
EX-Date
12/16/14
P/E TM
11.3x
Dividend
9.50
Dividend Yield
2.71%
Current Stock Chart for OIL & NATURAL GAS CORP LTD (ONGC)

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oil & natural gas corp ltd (ONGC) Details

Oil and Natural Gas Corporation Limited is engaged in the exploration, development, and production of oil and gas in India and internationally. It operates through Exploration & Production, and Refining segments. The company’s products include crude oil, natural gas, and value added products, such as liquefied petroleum gas, naphtha, superior kerosene oil, high speed diesel, and aviation turbine fuel. It is also involved in the refining and processing of crude oil and natural gas; oil field services; the transportation of oil and natural gas; petrochemicals; and unconventional and alternate sources of energy, as well as electric power generation through 726MW gas based power project at Tripura and wind power electricity generation through installing a 51 MW wind power project at Bhuj, Gujarat. The company was incorporated in 1993 and is based in Dehradun, India.

33,009 Employees
Last Reported Date: 09/5/11
Founded in 1993

oil & natural gas corp ltd (ONGC) Top Compensated Officers

Chairman, Managing Director, Member of Health...
Total Annual Compensation: 340.0K
Director of Finance, Director, Chairman of Fi...
Total Annual Compensation: 4.6M
Director of Technology & Field Services, Dire...
Total Annual Compensation: 3.8M
Director of Offshore, Director, Member of Hum...
Total Annual Compensation: 510.0K
Compensation as of Fiscal Year 2014.

oil & natural gas corp ltd (ONGC) Key Developments

Government Of India Explores Options To Sell Stake In Indian Oil Corporation, NMDC, NALCO , Bharat Heavy Electricals

Government Of India is exploring options to sell 10% stake in Indian Oil Corporation Limited (BSE:530965), National Aluminium Co. Ltd. (BSE:532234) and NMDC Limited (BSE:526371) each and 5% stake in Bharat Heavy Electricals Ltd. (BSE:500103). The Department of Disinvestment has invited engagement from merchant bankers to offload stakes in Indian Oil Corporation, NMDC , NALCO , Bharat Heavy Electricals. At a time when meeting the Budget target of INR 580 billion for the current financial year seems difficult, this stake sale would fetch the government about INR 180 billion (INR 81 billion from IOC, INR 35 billion from BHEL, INR 12.3 billion from Nalco and INR 54.26 billion from NMDC). IOC shares were went up 0.4% on the BSE on January 22, 2015 and closed at INR 331.8 per share. BHEL shares closed at INR 283.7 apiece, went up 0.7 per cent on the BSE. "We plan to move fast on the new companies, in terms of getting approvals and conducting road shows," said an official with disinvestment department.

ONGC Reportedly In Talks To Acquire Chesapeake

Natural gas prices in Asia are currently three to four times higher than those in the US. Integration of US and Asian natural gas markets, particularly Indian market could mean huge cost savings for Oil and Natural Gas Corp. Ltd. (BSE:500312) (ONGC). While currently some regulatory issues exist, Indian Prime Minister Narendra Modi and President Barack Obama will meet in New Delhi on January 25 to discuss the possible options, with both being keen on solving the issues. Outcome of the talks could be the start of the biggest US-Asia gas collaboration in decades. Taking into account the favorable political and market conditions for cash rich national Exploration and Production companies, India's Oil and Natural Gas Corporation could be already in talks with a North-American gas and oil company, with Chesapeake Energy Corporation (NYSE:CHK) is believed to be the target, according to industry experts. Chesapeake Energy is a strong strategic target, given its recent sales and great balance sheet and diversification through two commodities, a good strategy in the given energy environment. The new management has improved the situation a lot – cut administrative expenses and capital spending, as well as de-leveraged through asset sales. Combined with improved cash flow and shale positioning, it’s a very attractive option for ONGC.

Update On Government’s Divestment Plan

The government is scrambling to put together a 'Plan B' to raise even a fraction of its INR 620 billion target from asset sales or disinvestment, according to a Reuters report citing unnamed officials. Among the moves on the cards is a stake sale in Indian Oil Corporation Limited (BSE:530965). At the top of the sell-off list are Coal India Limited (BSE:533278), Oil and Natural Gas Corp. Ltd. (BSE:500312) in which the government plans to sell 10% and 5% respectively.

 

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