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Oil & Natural Gas Corpn Ltd share price declined by 1.90% to Rs 230.1 after the company`s net profit jumped 182.78% to Rs 18534.82 crore, while revenue from operations softened by 3.28% to Rs 198263.33 crore in Q3FY26 over Q2FY26. The market capitalization of Oil Exploration & Production industry group stocks on BSE stood at Rs 3.79 lakh crore, slipping 1.49%. It has marginally improved by 0.87% over last one week and edged lower by 2.15% in last one month while the market capitalization of Oil & Natural Gas Corpn Ltd has inched up 1.81% and 3.18% in the same period respectively. Profit before tax (PBT) of Oil & Natural Gas Corpn Ltd stood at Rs 27082.03 crore in Q3 FY26, surging by 56.69% year-on-year, and jumping 286.20% quarter-on-quarter. EBITDA came in at Rs 33935 crore, expanding by 46.08% YoY and rallying 167.27% sequentially. Total expenses fell by 13.12% to Rs 172864.32 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 65271.95 crore, registering a fall of 25.63% YoY, while employee benefits expense was at Rs 1538.86 crore, contracting 7.30% YoY. For the TTM ended FY26, revenue from operations declined slightly by 0.15% to Rs 6.62 lakh crore, while net profit saw a strong growth of 29.91% to Rs 49793.1 crore, compared to previous TTM. EBITDA soared by 7865084% to Rs 90755.42 crore, and PBT witnessed a strong rise of 29.06% to Rs 67622.95 crore compared to previous TTM. The company`s consolidated net cash flow from operating activities stood at Rs 112719.34 crore in FY26, as against Rs 90855.6 crore in FY25. Oil & Natural Gas Corpn Ltd crashed 8.49% in last one year, significantly underperforming the benchmark BSE Sensex which has softened by 4.80% during the same period.

Oil and Natural Gas Corporation Limited announced the incorporation of ONGC Petrochemicals Marketing Limited (OPML) on October 7, 2026, as a public limited company with an authorized and subscribed share capital of Rs 50 crore. The joint venture, formed with Mangalore Refinery and Petrochemicals Limited (MRPL) and ONGC Petro additions Limited (OPaL) in a 50:25:25 shareholding ratio, will focus on the integrated marketing and trading of petrochemicals, chemicals, and related products, with ONGC and its nominee shareholders acquiring 50% of OPML`s equity share capital, representing 2,50,00,000 shares at a cost of Rs 25 crore.

Oil and Natural Gas Corporation Ltd. confirmed compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, according to a certificate received from Alankit Assignments Limited, its Registrar & Share Transfer Agent.

Oil and Natural Gas Corporation Limited announced the appointment of Shri Bhaskar Chowdary Nettem as Director (Production) with effect from September 21, 2026, until September 30, 2029, or until further orders, as per a regulatory filing with the National Stock Exchange of India Ltd. and BSE Limited.

Oil and Natural Gas Corporation Limited clarified that its subsidiary, ONGC Videsh Limited (OVL), received approval from the U.S. government in July 2026 for oil and gas operations in Venezuela, concerning its assets San Cristobal and Carabobo-1, and framework agreements are under discussion with stakeholders, though the operational or financial impact on the company cannot be determined at this stage.