Oil & Natural Gas Corpn Ltd

(ONGC)

ONGC Reports Increase in Gas Production After Decline - 21 Nov, 2024

Oil and Natural Gas Corp has reported a sequential increase in gas production after 10 quarters of decline, driven by the KG-98/2 field. The company anticipates further ramp-up in production, with expectations of reaching 10 mmscmd by FY25. ONGC projects significant growth in oil and gas production for FY26 and FY27, indicating a positive outlook for its portfolio.

Motilal Oswal Downgrades Oil & Natural Gas Corp Stock - 20 Nov, 2024

Motilal Oswal Financial Services has downgraded its stock recommendations for Oil and Natural Gas Corp, reducing Nifty earnings estimates for the upcoming fiscal years.

ONGC Announces Dividend, Joint Venture, and Internship Opportunities - 19 Nov, 2024

ONGC has created 6,000 internships, announced a Rs 6 interim dividend, and formed a joint venture for renewable energy, while facing a 4% drop in crude production.

ONGC Announces Dividend and Joint Venture Developments - 18 Nov, 2024

ONGC declared an interim dividend of Rs 6 per share, while Motilal Oswal set a target price of Rs 330. Additionally, ONGC formed a joint venture with NTPC for renewable energy projects.

ONGC Declares Interim Dividend of Rs 6 - 16 Nov, 2024

Oil & Natural Gas Corporation Limited (ONGC) has announced an interim dividend of Rs 6 per share, with an ex-dividend date set for November 19, 2024.

ONGC Reports Earnings, Declares Dividend, and Explores New Ventures - 15 Nov, 2024

ONGC's recent performance includes a 17% rise in Q2 net profit and a declared interim dividend. The company faces challenges with production declines but is exploring new ventures, including a joint bid for Ayana Renewable Power and opportunities in Guyana. The stock remains under pressure, trading down from its 52-week high.

ONGC Faces Challenges Amid Dividend and Ratings - 14 Nov, 2024

ONGC plans to open five wells in the KG basin to enhance production. The company also declared a ₹6 interim dividend, but Nuvama's 'Reduce' rating highlights ongoing production issues, impacting stock attractiveness.

ONGC Reports Growth Amid Production Challenges - 13 Nov, 2024

ONGC's recent reports highlight a 34.1% increase in PAT, plans to monetize gas discoveries, and efforts to boost production in the KG basin. Analysts maintain positive outlooks with target prices reflecting potential upside.

ONGC Reports Profit Surge and Declares Dividend - 12 Nov, 2024

ONGC's standalone net profit rose 17% YoY to ₹11,984 crore in Q2 FY25, despite a 3.6% decline in revenue. The board declared a ₹6 interim dividend, with November 20 as the record date.

ONGC Reports Strong Q2 Results and Dividend - 11 Nov, 2024

ONGC's Q2 profit rose 17% to Rs 11,984 crore, aided by lower levies. Revenue fell 4% to Rs 33,881 crore. An interim dividend of Rs 6 per share was declared.

ONGC to Announce Q2 Results and Interim Dividend - 10 Nov, 2024

ONGC is set to declare its Q2 FY25 earnings on November 11, 2024, along with the first interim dividend. The record date for dividend eligibility is November 20, 2024.

Compensation for Fishermen Affected by ONGC Pipeline - 09 Nov, 2024

The government has included 231 more fishermen for compensation due to livelihood loss from the gas export pipeline laid by ONGC in Yanam.

ONGC Faces Earnings Pressure Amid Oil Price Concerns - 08 Nov, 2024

ONGC's earnings are influenced by oil prices, with sensitivity below $75 per barrel. Current windfall taxes are nil, but could be reimposed if prices rise.

ONGC Updates: Earnings, Production Delays, and Acquisitions - 07 Nov, 2024

ONGC plans to announce Q2 earnings and consider an interim dividend. Gas production ramp-up at KGDWN 98/2 is delayed, while ONGC and NTPC secure rights to acquire Ayana Renewable Power stake.

NTPC and ONGC Form Joint Venture for Renewables - 05 Nov, 2024

NTPC and ONGC have established a 50:50 joint venture through their green energy subsidiaries to explore renewable energy opportunities, including offshore wind and hydrogen production.

ONGC Faces Declines Amid New Ventures and Earnings - 04 Nov, 2024

ONGC's market cap dropped significantly due to a 3.50% decline in shares. The company is set to announce Q2 results and has formed a joint venture with NTPC for renewable energy initiatives.

ONGC Faces Third Failure in Deen Dayal Partnership - 03 Nov, 2024

ONGC's third attempt to attract partners for the Deen Dayal gas field has failed, with no bids received. The field has produced negligible gas since its acquisition in 2017, facing significant technical challenges and complications.

ONGC Reports Flat Revenue Growth Amid Profit Decline - 01 Nov, 2024

ONGC's Q1FY25 revenues grew by 1.7%, but profit after tax fell by 42.3%. EBITDA margins decreased from 20.3% to 14.9%. The stock is down 12.1% in the last month but up 39% year-over-year.

ONGC Chairman Recommended to Lead HPCL - 27 Oct, 2024

A panel has proposed that the ONGC chairman should also chair Hindustan Petroleum Corporation (HPCL) to enhance synergy and align management practices across subsidiaries. This follows ONGC's acquisition of a majority stake in HPCL in 2018.

ONGC Partners for Battery Storage System Development - 25 Oct, 2024

A joint venture involving Assam Power Distribution Company, Oil and Natural Gas Corporation, and Tripura Power Company is set to establish a battery storage system to stabilize the grid and manage peak electricity demand.