Oil & Natural Gas Corpn Ltd Share Price – NSE  / BSE

Crude Oil & Natural Gas, Mid Cap

The appointment was approved by the company's Board of Directors on June 25, ONGC said in a regulatory filing.

Agarwal brings over 35 years of experience in finance and commercial management in the oil and gas sector. A Fellow Member of the Institute of Cost Accountants of India and an Associate Member of the Institute of Company Secretaries of India, he has been associated with ONGC since 1990.

Before joining ONGC's Board as Director (Finance), he served as Director (Finance) at ONGC Videsh from June 2022 and also chaired ONGC Overseas Investment (OOIL).

During his tenure at ONGC Videsh, the company mobilised over $3 billion through financing arrangements and established OOIL at GIFT City as the group's Global Treasury Centre.

ONGC said Agarwal's extensive experience in corporate finance, treasury management and strategic planning will support the company's growth and value-creation initiatives.

ONGC is engaged in exploration, development and production of crude oil, natural gas and value-added products.

ONGC reported a 3.1% rise in standalone net profit to Rs 6,649.97 crore in Q4 FY26, compared with Rs 6,448.28 crore in Q4 FY25. Revenue from operations added 2.7% year-on-year to Rs 35,928.18 crore in Q4 FY26.

The counter declined 2.85% to close at Rs 233.20 on Thursday, 25 June 2026, on the BSE.

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After the technical services provider (TSP-1) contract for Mumbai High, Oil & Natural Gas Corpn (ONGC) and bp have signed a new technical services contract on 25 June 2026. Under the agreement, bp has been appointed as the TSP for ONGC's fields in the Western Offshore Basin.

As India's National Oil Company, ONGC plays a pivotal role in strengthening the country's energy security, accounting for approximately 64 per cent of India's domestic crude oil and natural gas production. Comprising 43 blocks, the Western Offshore Basin is ONGC's most prolific hydrocarbon-producing basin and has contributed significantly to India's energy requirements for over four decades.

The agreement marks a significant expansion of the ONGC-bp collaboration from Mumbai High to the fields in the Western Offshore Basin. It will facilitate the wider deployment of advanced technologies, global technical expertise and best-in-class operating practices across some of India's most important mature hydrocarbon assets.

ONGC will retain complete ownership and operational control of the assets. bp will work closely with ONGC's multidisciplinary teams to identify and implement focused interventions across reservoirs, wells and production facilities. The collaboration will seek to moderate natural production decline, improve hydrocarbon recovery and operational efficiency, and support sustained production growth.

Under the terms of the contract, bp will receive a fixed fee for the first two years, followed by a service fee linked to a percentage share of revenue generated from net incremental hydrocarbon production.

The agreement builds on the technical services contract signed by ONGC and bp for Mumbai High in February 2025. During the first year of collaboration, the two companies successfully moderated production decline and delivered growth through optimization of existing wells, enhanced surveillance and focused reservoir, well and facility-management initiatives.

Oil & Natural Gas Corpn Ltd dropped for a fifth straight session today. The stock is quoting at Rs 254.8, down 1.62% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.67% on the day, quoting at 23396.85. The Sensex is at 74514.44, up 0.81%.Oil & Natural Gas Corpn Ltd has eased around 9.32% in last one month.Meanwhile, Nifty Energy index of which Oil & Natural Gas Corpn Ltd is a constituent, has eased around 1.55% in last one month and is currently quoting at 39752.95, down 0.84% on the day. The volume in the stock stood at 55.77 lakh shares today, compared to the daily average of 183.73 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 255.95, down 1.78% on the day. Oil & Natural Gas Corpn Ltd jumped 3.02% in last one year as compared to a 6.94% slide in NIFTY and a 7.63% spurt in the Nifty Energy index.

The PE of the stock is 9.91 based on TTM earnings ending March 26.

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ONGC announced that the Board of Directors of the Company at its meeting held on 26 May 2026, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 20%) , subject to the approval of the shareholders.