November 10, 2026: ONGC’s standalone oil and gas output fell 2.9% year on year to 9.515 million tonnes of oil equivalent in July-September, while higher prices lifted standalone net profit 57.3% to Rs 154.89 billion (about AED 6.06 billion), the company said on 5 November.

Higher realisations lift standalone earnings

Standalone revenue rose 32.8% to Rs 438.75 billion (about AED 17.16 billion). Crude from nominated fields fetched $92.33 a barrel (about AED 339 a barrel), up 37.1% from $67.34 (about AED 247). Crude output fell 4.2% to 4.437 million tonnes and gas output 1.6% to 4.839 billion cubic metres. ONGC blamed reservoir complexities at its KG-98/2 asset, monsoon-related delays to two pipeline replacement projects and lower onshore gas offtake by customers.

ONGC profit slips 9.1% from the first quarter

Standalone profit was 9.1% below the Rs 170.34 billion (about AED 6.66 billion) earned in April-June.

(Source: Oil and Gas)