Oil and Natural Gas Corporation Ltd (ONGC) reported a consolidated net profit of ₹12,615 crore for Q2 FY26, up 28.2% year-on-year, on Monday, November 10. The company’s standalone profit stood at ₹9,848 crore, while consolidated gross revenue slightly fell 0.9% to ₹1,57,911 crore. For H1 FY26, consolidated net profit rose 23.2% to ₹24,169 crore. ONGC declared an interim dividend of ₹6 per share (face value ₹5), totaling ₹7,548 crore, with a record date of November 14, 2025.
Standalone crude production increased 1.2% YoY to 4.63 million metric tonnes, while natural gas output dipped marginally by 0.04%. The new well gas contribution exceeded 21% in H1, adding ₹3,352 crore over the APM rate. Crude realization from nomination fields fell 14% YoY to $67.34 per barrel, while JV fields dropped 12.3% to $68.35. Gas realization averaged $6.75 per mmbtu, up 3.8%.
ONGC made two hydrocarbon discoveries, advanced deepwater Andaman exploration, and entered multiple JV agreements with Vedanta, BP, Reliance, and Mitsui O.S.K. Lines for gas, LPG, and ethane projects. Investments include ₹421.5 crore in ONGC Green Ltd to fund renewable energy ventures, aligning with India’s Maritime Amrit Kaal Vision 2047.
