Further delay in KG-DWN-98/2; expect an upsurge in APM price
ONGC reported in line crude oil sales (-4% YoY), while gas sales continue to be lower than our estimate (-6% YoY). Lower opex led to beat on EBITDA...
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Oil & Natural Gas Corporation (ONGC IN)
Oil & Natural Gas Corporation (ONGC IN)
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Analysis
Energy • India
Oil & Natural Gas Corporation (ONGC) is India's largest crude oil and natural gas company, engaged in the exploration, development, and production of oil and gas. It supplies crude oil, natural gas, and value-added products to major Indian oil and gas refining and marketing companies. The company is headquartered in New Delhi, India, and was founded on August 14, 1956.
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