Jumping up by 53 places, Oil and Natural Gas Corporation (ONGC) has been ranked at 190th position in Fortune's Global 500 list for the year 2022. ONGC is the fourth best ranked among the Indian companies. In the year 2021, ONGC was placed at 243rd position on Fortune's Global 500 list.
Fortune Global 500 list ranks companies by total revenues for their respective fiscal years ended on or before March 31, 2022. In the latest Fortune Global 500 list, there are nine companies from India. Five of them are from the public sector, and four are from the private sector.
ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.