ONGC Share Price

Operating from New Delhi, Oil & Natural Gas Corporation Limited is the largest state owned producer and explorer of crude oil and natural gas in India. The company is involved in the exploration, development and production of petroleum resources onshore and offshore, with core activities in crude oil, natural gas, and related energy products. ONGC’s share prices on NSE and BSE reflect the upst͏ream oil and gas sector in India and broader developments in global energy markets.  

ONGC stock price is affected by global crude oil prices, production volumes and exploration success, government energy policies and geopolitical developments affecting supply and demand. Over the longer term, crude price cycle, energy demand forecasts and exploration results influence how the market values ONGC stock. These are the key factors to watch to gauge market response to operational execution and sector rotation.  

ONGC live share price gives you the real-time insight of the last traded price, bid ask spreads, traded volumes on both NSE and BSE. These indicators reflect real-time market depth and market liquidity, representing how investors react to energy price changes, production plan announcements, or industrial demand changes. Track͏ing the live price helps͏ observe ͏short term volatility and how it performs relative to the energy indices  

Also, viewing the ONGC share Nifty today allows you to compare it with other listed energy firms and wider indices like the Nifty 50, the Nifty Oil & Gas and the Nifty 500. Such comparisons provide a perspective of the stock’s performance within the oil͏ & g͏as space and against the broader equity market, which captures sector-specific dynamics and relative valuation t͏re͏nds.  

Oil and Natural Gas Corporation Limited Company Fundamentals 

ONGC Company Background 

Oil and Natural Gas Corporation Limited (ONGC), a Maharatna public sector enterprise, stands as India’s largest crude oil and natural gas producer, contributing around 71% to domestic production. Headquartered in India, ONGC ensures the nation’s energy security through exploration, production, and related oil-field services, maintaining in-house capabilities across all core functions. Its workforce of approximately 26,000 professionals operates in challenging locations, reflecting the company’s commitment to operational excellence. 

ONGC’s wholly-owned subsidiary, ONGC Videsh Limited (OVL), expands India’s energy footprint internationally, holding interests in 35 oil and gas assets across 15 countries, contributing nearly a third of the country’s oil and gas production. ONGC’s downstream subsidiaries, Mangalore Refinery and Petrochemicals Limited (MRPL) and Hindustan Petroleum Corporation Limited (HPCL), deliver refined petroleum products and petrochemicals while operating extensive pipeline and distribution networks. MRPL processes diverse crude types to produce petroleum products and petrochemicals like Para-Xylene and Benzene. HPCL manages over 3,370 km of product pipelines, along with a wide network of terminals, retail outlets, LPG bottling plants, and aviation services. 

Through its integrated operations spanning upstream exploration, overseas ventures, refining, and marketing, ONGC plays a pivotal role in India’s energy sector, supporting national energy security, technological advancement, and sustained economic growth. 

ONGC Company Product Lines 

• Crude Oil – Exploration, production, and supply of domestic crude oil for downstream consumption. 
• Natural Gas – Onshore, offshore, deepwater, and ultra-deepwater exploration and production. 
• Coal Bed Methane (CBM) – Production and exploration of CBM blocks in Jharkhand, West Bengal, and Madhya Pradesh. 
• Shale Gas – Exploration and development of shale gas reserves in Cambay, Krishna-Godavari, Cauvery, and Damodar basins. 
• Petroleum Products – Through subsidiaries like MRPL and HPCL: petrol, diesel, kerosene, LPG, naphtha, and petrochemicals like para-xylene and benzene. 
• Refined Petrochemicals – Products from MRPL and OMPL including para-xylene and benzene. 
• Oil & Gas Exploration Services – Seismic surveys (2D, 3D, VSP), gravity-magnetic, magneto-telluric, and remote sensing studies. 
• Well Logging & Formation Evaluation – Advanced formation evaluation and reservoir characterization through departmental and contractual units. 
• Enhanced Recovery Services – Hydraulic fracturing, fishbone drilling, and advanced reservoir engineering. 
• Digital Platforms & Software – AI/ML-driven tools like Seislytics and EXPLORE for integrated exploration data management. 
• Deepwater & Ultra-Deepwater Operations – Exploration, drilling, and production in offshore basins like KG, Mahanadi, Cauvery, and Andaman. 
• Renewable Energy Initiatives – Diversification into low-carbon and sustainable energy projects. 

ONGC Company Revenue Model 

• Crude Oil Sales: Revenue from exploration and sale of crude oil to refineries and buyers domestically and internationally is the largest source of income.  
• Natural Gas Sales: Income from production and sale of natural gas to industries, power plants, fertilizer companies, and city gas distribution networks.  
• Revenue from Subsidiaries / Refining & Petrochemicals: Earnings through refining and petrochemical operations via subsidiaries like MRPL and HPCL, which sell fuels (petrol, diesel, LPG) and petrochemical products.  
• Share of Profit from Joint Ventures: ONGC receives revenue/earnings share from joint ventures and associate companies involved in energy, refining, and related infrastructure.  
• Power Generation Income: Revenue generated by selling electricity from conventional and renewable energy assets to the grid (e.g., solar or wind projects).  
• ValueAdded Product Sales (VAPs): Earnings from sale of LPG, naphtha, condensate, and other byproducts associated with hydrocarbon production.  
• International Operations Revenue: Income from overseas oil and gas production projects through ONGC’s global assets and ONGC Videsh.  
• Exploration and Production Service Fees (Indirect): While mostly upstream sales drive revenue, contracted services and technology/processing fees contribute additional income.  
• Renewable & Future Energy Projects: Emerging revenue from investments in green energy (wind, solar) and related clean energy services via ONGC Green Ltd.  

ONGC Geographic Presence 

Domestic (India) Presence 

• Pan-India Coverage: ONGC operates across 26 sedimentary basins throughout India in both onshore and offshore regions.  
• Western Offshore (Mumbai High & Surrounds): Major oil and gas fields including Mumbai High, Heera, Neelam, Bassein and others contribute a large portion of domestic output.  
• Western Onland (Cambay Basin): Operations in Ahmedabad, Mehsana, Ankleshwar among others.  
• Eastern Offshore and Onshore: Active exploration and production in the Krishna-Godavari and Cauvery basins off the east coast of India.  
• Assam & North East: Oil and gas production in Assam Arakan Fold Belt, including fields in Sivasagar, Jorhat, Nazira.  
• New Fields: Discoveries like the Ashoknagar oilfield in West Bengal mark expansion into eastern India.  

International Presence (ONGC Videsh Limited – OVL) 

• Global Operations: OVL, the overseas arm of ONGC, has assets in multiple regions around the world with projects spanning Africa, Middle East, Latin America, Asia-Pacific and Europe.  
• Countries with Projects: Includes Russia (Sakhalin-1), Colombia, Vietnam, Brazil, Azerbaijan, South Sudan, UAE, Iran, Iraq, Mozambique, Venezuela and others.  
• Project Count: ONGC Videsh operates in 30+ oil and gas projects across 15–17 countries (depending on source and reporting period).  

Infrastructure & Support 

• Domestic Installations: Over thousands of kilometres of pipeline, numerous offshore platforms and onshore drilling rigs span India.  
• Subsidiaries and Ventures: Includes MRPL (refining), HPCL (marketing), OPaL (petrochemicals) that extend ONGC’s footprint in downstream energy value chains 

ONGC Leadership  

Some of the key leaders of ONGC as of January 2026 are 

• Arun Kumar Singh – Chairman & CEO 
• Pankaj Kumar – Director (Production) 
• Manish Patil – Director (Human Resources) 
• Vivek Chandrakant Tongaonkar – Director (Finance) 
• Arunangshu Sarkar – Director (Strategy & Corporate Affairs) 
• Vikram Saxena – Director (Technology & Field Services) 
• O P Sinha – Director (Exploration) 
• Praveen Mal Khanooja – Government Nominee Director 
• Manish Pareek – Independent Director 
• Reena Jaitly – Independent Director 
• Bhagchand Agarwal – Independent Director 

ONGC Key Milestones 

• 1955: Oil & Gas Division formed under the Geological Survey of India to oversee hydrocarbon exploration activities. 
• 14 August 1956: Oil & Natural Gas Directorate established, marking the formal beginning of India’s organised upstream oil and gas efforts. 
• 1959: Directorate converted into the Oil & Natural Gas Commission through an Act of Parliament. 
• 1960–1969: Discovery of major onshore oil and gas fields in Assam and the Cambay Basin in Gujarat. 
• Early 1970s: Entry into offshore exploration and discovery of the Mumbai High oil field. 
• 1974: Commencement of production from Mumbai High, significantly boosting domestic crude output. 
• Late 1970s–1980s: Expansion of offshore infrastructure and development of indigenous exploration and production capabilities. 
• 1993–1994: Reconstitution as Oil & Natural Gas Corporation Limited under the Companies Act. 
• 1997: Granted Navratna status by the Government of India. 
• 1999: Strategic cross-holding agreement executed with Indian Oil Corporation and GAIL. 
• Early 2000s: Expansion into downstream operations with acquisition of Mangalore Refinery and Petrochemicals Limited. 
• 2002–2003: Strengthening of integrated oil and gas operations through refining and petrochemicals presence. 
• 2000s: International expansion through ONGC Videsh across Asia, Africa, Russia, and Latin America. 
• 2010: Conferred Maharatna status by the Government of India. 
• 2014–2017: Focus on enhanced oil recovery projects and marginal field development. 
• 2018: Acquisition of a majority stake in Hindustan Petroleum Corporation Limited, expanding downstream integration. 
• 2025: Progress in coal bed methane production and integrated digital systems supporting exploration and operations. 

ONGC Industry Perspective 

The global upstream oil and gas market stands in the multi-trillion-dollar range, estimated at around USD 4–5 trillion depending on scope and methodology, driven by exploration activity, technology adoption, and consistent global energy demand. Within this landscape, India’s upstream market remains much smaller at about USD 16 billion in 2025 with a projected CAGR of nearly 5%. As the country’s leading exploration and production company, ONGC plays a central role in this growth, driving domestic exploration, supporting rising natural gas demand, and anchoring national investment in upstream development. Together, these trends reflect strong momentum in both global and Indian upstream sectors. ONGC will benefit from rising domestic energy demand, supportive government policies, and increased focus on energy security. New offshore and deepwater projects, higher gas pricing reforms, and expansion into petrochemicals and renewable energy will support stable production growth, stronger cash flows, and long-term business sustainability. 

Oil and Natural Gas Corporation Limited Stock Market Presence: Listings & Index Representation 

Oil & Natural Gas Corporation Limited listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) shortly after India opened its energy sector to public investment following corporatisation in the early 1990s. Since then, ONGC has sustained its presence as a core stateowned enterprise on both major exchanges. 

Oil & Natural Gas Corporation (ONGC) is a component of several key indices in the Indian and  

global markets. These include Nifty 50, Nifty 100, Nifty 500, Nifty 200, Nifty Energy, Nifty Infrastructure, Nifty PSE, Nifty Commodities, Nifty Dividend Opportunities 50, Nifty CPSE, MSCI EM, Nifty 100 Equal Weight, Nifty 100 Liquid 15, Nifty 50 Value 20, and Nifty Oil & Gas. 

The stock’s listing on NSE and BSE ensures liquidity and price transparency, while its presence in broader market indices supports institutional investment and benchmark tracking. Index inclusion demonstrates ONGC’s role as a largecap energy company whose performance is monitored alongside sector peers and broader equity market trends. 

Oil and Natural Gas Corporation Limited Stock Performance and Share Price History 

Oil and Natural Gas Corporation Limited’s stock performance and share price history reflect the deeply cyclical nature of the energy sector and the company’s close linkage with global crude oil trends, domestic policy shifts, and structural changes in India’s energy landscape. In this context, movements in the ONGC share price often act as a barometer for broader energy market cycles. Since its early years after listing, ONGC’s share price has moved in tandem with phases of industry maturation, upstream investment cycles, and evolving production priorities, with the ONGC share price responding closely to changes in exploration intensity.  

The long-term stock price history of Oil & Natural Gas from 1996 to 2026 shows wide variation, and long-term tracking of the ONGC stock price highlights this cyclicality. Extremities in the ONGC share price underline the sensitivity of energy equities to macroeconomic shifts. Annual stock price performance data further illustrates this variability, with pronounced declines and sharp rallies across different phases, clearly reflected in both the ONGC share price and the ONGC stock price. 

In 1996, the stock declined by -7.56%, a phase when the ONGC share price faced early post-listing pressures, followed by a strong gain of 73.12% in 1997, before falling again by -27.93% in 1998. The year 1999 delivered a modest gain of 5.27%, while 2000 saw a significant decline of -40.26%, marking one of the sharper corrections in the ONGC stock price, contrasted by a recovery of 27.64% in 2001 and a sharp surge of 166.51% in 2002 that significantly lifted the ONGC share price. Exceptional performance continued in 2003 with a 142.80% rise, reinforcing optimism around the ONGC share price, followed by more moderate gains of 5.60% in 2004 and 47.29% in 2005. Subsequent years recorded 13.80% growth in 2006 and 45.35% in 2007, periods during which the ONGC share price benefited from strong crude markets, before a steep correction of -44.52% in 2008 amid global financial stress, sharply impacting the ONGC stock price. The rebound in 2009 was marked by a strong 77.96% gain, with 12.40% growth in 2010, followed by a decline of -20.39% in 2011, again reflecting volatility in the ONGC share price. 

Performance stabilised somewhat thereafter, posting gains of 9.72% in 2012, 11.42% in 2013, and 21.90% in 2014, helping rebuild confidence in the ONGC stock price, before another downturn of -27.36% in 2015. The disruption of global energy demand in 2020 resulted in a -21.57% fall, marking a sharp drop in the ONGC stock price, followed by a strong rebound of 63.68% in 2021, supported by higher crude prices and reflected clearly in the ONGC share price. 

Subsequent years recorded gains of 11.44% in 2022, 44.50% in 2023, and 22.05% in 2024, strengthening the long-term trend of the ONGC share price, with more measured increases of 4.01% in 2025 and 4.22% in 2026. Across decades, ONGC’s stock performance highlights how crude price volatility, OPEC decisions, demand outlooks, and policy influences shape energy equities, while sustained analysis of the ONGC share price and ONGC stock price shows how the company’s dominant domestic production role has contributed to resilience through repeated market cycles. 

Oil and Natural Gas Corporation Limited Investor Relevance and Portfolio Role 

Oil and Natural Gas Corporation Limited is a core holding within energy-sector, commodities, and large-cap public sector portfolios, providing exposure to upstream oil and gas exploration, production, and related hydrocarbons activities. Its presence across major benchmark and thematic indices highlights its strategic role in India’s energy framework and its relevance within diversified institutional portfolios.  

ONGC’s equity is held by a broad base of domestic and global institutional investors, reflecting its prominence among public sector energy companies. The shareholder base includes mutual funds, insurance companies, financial institutions, and foreign portfolio investors. Key domestic institutional holders include Life Insurance Corporation of India, ICICI Prudential Asset Management, SBI Funds Management, HDFC Asset Management, Kotak Mahindra Asset Management, Aditya Birla Sun Life Asset Management, UTI Asset Management, Nippon India Asset Management, DSP Asset Managers, Edelweiss Asset Management, Bandhan Asset Management, Axis Asset Management, Motilal Oswal Asset Management, Mahindra Manulife Investment Management, WhiteOak Capital, Franklin Templeton India, Navi Asset Management, and Groww Asset Management. 

Mutual fund participation spans a wide range of strategies, including value, arbitrage, hybrid, flexi-cap, large-cap, sectoral, and index-based approaches. Prominent schemes holding ONGC include SBI Nifty 50 ETF, ICICI Prudential Nifty 50 ETF, Nippon India ETF Nifty 50 BeES, UTI Nifty 50 ETF, HDFC Nifty 50 ETF, DSP Nifty 50 ETF, Axis NIFTY 50 ETF, Bandhan Nifty 50 Index Fund, UTI Nifty 50 Index Fund, Motilal Oswal Enhanced Value Index Fund, DSP Natural Resource & New Energy Fund, Kotak Nifty Commodities Index Fund, ICICI Prudential Nifty Oil & Gas ETF, ICICI Prudential Nifty Infrastructure ETF, ICICI Prudential Nifty Commodities ETF, Motilal Oswal Nifty Energy ETF, and DSP Nifty 50 Equal Weight Index Fund. 

Beyond ownership patterns, ONGC’s stock is actively tracked in the derivatives market, where futures and options activity reflects expectations around crude oil prices, production levels, government policy, and global energy demand. Open interest trends, rollover activity, and options positioning are closely observed by market participants to assess sentiment around earnings cycles and sector developments. Technical indicators such as ONGC RSI, MACD, and MFI are also monitored to understand short-term momentum and volatility, complementing longer-term portfolio assessments centered on the company’s role in India’s energy ecosystem. 

Beta and volatility metrics further underline how ONGC behaves relative to broader markets. Daily and multimonth beta ranges show variation over different time horizons, with values spanning key ranges such as near 0.704 longterm, daily figures around 1.29 and 0.797 for onemonth and threemonth periods respectively, and multiyear weekly metrics reaching up to 1.51, indicating periods of heightened sensitivity to market movements. Such measures help investors gauge ONGC’s responsiveness to broader equity market fluctuations. 

Oil and Natural Gas Corporation Limited Sectoral Relevance and Peer Positioning 

ONGC headquartered in Dehradun, is a key player in India’s energy sector, specialising in crude oil and natural gas exploration, production, and upstream operations. ONGC’s scale in exploration, production capacity, and strategic role in the domestic energy supply chain underscores its importance in the Indian energy landscape. Peer comparisons with Coal India, Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum focus on operational scale, production output, refining linkages, and market presence rather than short-term stock price movements. These benchmarks help investors and market participants assess sectoral efficiency, output growth, and resource diversification within India’s broader energy ecosystem. 

ONGC’s market capitalisation as of January 2026 stands at ₹3.094 trillion, placing it among India’s largest energy companies. Historical market cap trends illustrate cycles of expansion and contraction, with notable growth in 2021 (₹1.790 trillion, +52.74%) contrasting with declines in 2020 (₹1.172 trillion, -27.61 

ONGC (P/E) ratios for ONGC reflect market expectations and oil price dynamics. The P/E ratio reached 8.57 at the end of 2025, after fluctuating through lower valuations in prior years (6.53 in 2024, 4.61 in 2023). Current P/E as of January 2026 stands at 7.40. These movements demonstrate how investors price future earnings amid commodity price volatility and production outlooks. 

ONGC earnings performance shows substantial variability driven by global energy cycles and domestic production metrics. In 2023, ONGC posted earnings of ₹757.42 billion, decreasing to ₹686.11 billion in 2024 (-9.41%), and reaching ₹705.48 billion (TTM) in 2025, reflecting sustained production and revenue momentum. EPS trends similarly exhibit fluctuations, with ₹42.49 in 2024 declining to ₹30.56 in 2025 (-28.08%), demonstrating the sensitivity of per-share earnings to commodity prices and operational outcomes. 

ONGC EPS for Oil & Natural Gas Corporation Limited reflects significant variability aligned with commodity cycles and operating conditions. EPS in 2025 (TTM) stands at ₹31.35, while the latest reported EPS (TTM) is ₹33.03, marking a decline from the 2024 EPS of ₹42.49. Annual EPS moved from ₹15.28 in 2004 to ₹21.09 in 2005 and ₹22.74 in 2006, before falling to ₹4.85 in 2007 and ₹5.84 in 2008.  

ONGC’s sector significance is reinforced by its operational scale, earnings history, and market valuation, establishing it as a key energy company contributing to India’s domestic energy supply and the broader equity market. 

Summary 

Oil and Natural Gas Corporation Limited (ONGC) remains a cornerstone of India’s energy infrastructure, driven by strong legacy, operational depth, and government-backed stability. Over time, ONGC stock performance has mirrored its integrated structure and response to sectoral movements. Amid evolving global energy trends, ONGC equity continues to maintain relevance in long-term portfolios. As markets adapt, its diversified role supports consistent delivery across value chains. Strategic priorities and domestic presence ensure continued impact, even during volatile phases. For many, the decision to invest in Oil and Natural Gas Corporation Limited aligns with future-facing ambitions of ONGC (Oil and Natural Gas Corporation Limited).