ONGC surges on signing agreement with ExxonMobil

19 Aug 2022 Evaluate

Oil & Natural Gas Corporation is currently trading at Rs. 136.75, up by 1.25 points or 0.92% from its previous closing of Rs. 135.50 on the BSE.

The scrip opened at Rs. 138.00 and has touched a high and low of Rs. 138.60 and Rs. 136.25 respectively. So far 861640 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 194.60 on 08-Mar-2022 and a 52 week low of Rs. 108.50 on 20-Aug-2021.

Last one week high and low of the scrip stood at Rs. 142.00 and Rs. 134.65 respectively. The current market cap of the company is Rs. 172035.32 crore.

The promoters holding in the company stood at 58.89%, while Institutions and Non-Institutions held 27.80% and 13.31% respectively.

Oil and Natural Gas Corporation (ONGC) has signed a Heads of Agreement (HoA) with global oil giant ExxonMobil Corp for exploration of oil and gas in the deepsea on the country’s east and west coasts.

The two oil explorers would focus on the Krishna Godavari and Cauvery basins in the eastern offshore and the Kutch-Mumbai region in the western offshore. Collaboration between ONGC and ExxonMobil will be a strategic fit where ONGC’s knowledge and past experience in these areas will be coupled with ExxonMobil’s global insight.

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.


ONGC Share Price

141.15 0.30 (0.21%)
05-Dec-2022 10:55 View Price Chart
Peers
Company Name CMP
ONGC 141.15
Oil India 209.50
Jindal Drilling&Inds 317.00
Asian Energy Service 75.40
Hind Oil Exploration 144.50
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