neutral
ONGC Q2 profit slips 18% to ₹9,848 crore as crude realizations weaken
Oil and Natural Gas Corporation (ONGC) recorded a 17.9% year-on-year decline in Q2 FY26 profit to ₹9,848 crore, primarily due to lower crude oil realizations and higher operating costs. Revenue fell 2.5% to ₹33,031 crore as global benchmark prices softened during the quarter. The company declared an interim dividend of ₹7,548 crore. Crude production for the quarter stood at 5.25 million metric tonnes, while natural gas output reached 5.8 billion cubic meters, reflecting steady upstream performance despite pricing headwinds.
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- ONGC
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neutral
ONGC Q2 profit slips 18% to ₹9,848 crore as crude realizations weaken
Oil and Natural Gas Corporation (ONGC) recorded a 17.9% year-on-year decline in Q2 FY26 profit to ₹9,848 crore, primarily due to lower crude oil realizations and higher operating costs. Revenue fell 2.5% to ₹33,031 crore as global benchmark prices softened during the quarter. The company declared an interim dividend of ₹7,548 crore. Crude production for the quarter stood at 5.25 million metric tonnes, while natural gas output reached 5.8 billion cubic meters, reflecting steady upstream performance despite pricing headwinds.
Companies:
- ONGC
Tags:
- stocks
- ONGC
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ONGC’s Q2 FY26 profit declined 17.9% to ₹9,848 crore as crude realizations weakened, though production volumes and a ₹7,548 crore dividend remained steady.
Oil and Natural Gas Corporation (ONGC) recorded a 17.9% year-on-year decline in Q2 FY26 profit to ₹9,848 crore, primarily due to lower crude oil realizations and higher operating costs. Revenue fell 2.5% to ₹33,031 crore as global benchmark prices softened during the quarter. The company declared an interim dividend of ₹7,548 crore. Crude production for the quarter stood at 5.25 million metric tonnes, while natural gas output reached 5.8 billion cubic meters, reflecting steady upstream performance despite pricing headwinds.
Oil and Natural Gas Corporation (ONGC) recorded a 17.9% year-on-year decline in Q2 FY26 profit to ₹9,848 crore, primarily due to lower crude oil realizations and higher operating costs. Revenue fell 2.5% to ₹33,031 crore as global benchmark prices softened during the quarter. The company declared an interim dividend of ₹7,548 crore. Crude production for the quarter stood at 5.25 million metric tonnes, while natural gas output reached 5.8 billion cubic meters, reflecting steady upstream performance despite pricing headwinds.
Companies:
- ONGC
Tags:
- stocks
- ONGC
- stocks
- ONGC
- earnings
- oil and gas