# OIL (OIL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/oil

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹475.7
- Change: -0.36%
- As of: 2026-09-18
- 1D return: -0.36%
- 5D return: -4.92%
- 1M return: -1.08%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, the stock is trading at ₹475.7. The daily timeframe shows a mixed picture, with the price below the 20-day Exponential Moving Average (EMA) and Simple Moving Average (SMA) but above the 50-day SMA, 200-day SMA, and the Supertrend indicator. This suggests short-term weakness within a potentially longer-term bullish trend. The weekly and monthly timeframes exhibit stronger alignment, with the price consistently above key moving averages (20-day EMA/SMA, 50-day EMA/SMA) and the Supertrend indicator, indicating a bullish stance across these longer periods. Recent patterns include an active "Shooting Star" on the monthly chart and an "Evening Star" on the weekly chart, which can sometimes signal potential reversals.

The nearest resistance is observed at ₹480.88, approximately 1.09% above the current price, followed by ₹482.21. Key support levels are identified at ₹472.3, about 0.71% below the current price, and ₹470.77. The stock's risk profile includes an annualized volatility of 34% and a current drawdown of -8%. The Average True Range (ATR) as a percentage of the price is 2.78%, indicating the typical price fluctuation range.

Key conditions to monitor include price action relative to the ₹480.88 resistance level and the ₹472.3 support level. A sustained move above resistance could reinforce the bullish trend, while a break below support might signal further weakness. The presence of reversal patterns on longer timeframes warrants attention for potential shifts in momentum.

- Current price: ₹475.7 as of September 18, 2026.
- Nearest resistance level: ₹480.88 (approx. 1.09% above current price).
- Nearest support level: ₹472.3 (approx. 0.71% below current price).
- Monthly and weekly timeframes show bullish alignment with price above key moving averages and Supertrend.
- Daily timeframe shows mixed signals with price below 20-day EMA/SMA but above longer-term averages.
- Watch for price movement around ₹480.88 resistance and ₹472.3 support.

- Shooting Star
- Evening Star
- Outside Bar
- Doji
- Bullish Engulfing Reversal

### News Context

Oil India Limited (OIL) is evaluating methods to repatriate approximately USD 300 million in dividend income from its Russian operations. The company is considering routes through Singapore or directly to India for this transfer. In parallel, OIL's Chairman and Managing Director, Ranjit Rath, outlined the company's strategic growth priorities, which include increasing domestic oil and gas production, expanding exploration efforts into deep and ultra-deepwater areas, enhancing its integrated energy value chain, and pursuing selective investments in clean energy. This strategic focus is supported by a planned investment of ₹15,000 crore over the next three years dedicated to deepwater exploration, with the company anticipating no significant technological hurdles.

- On September 18, 2026, Oil India announced it is exploring options, including routes via Singapore or India, to repatriate USD 300 million in dividend income from Russia.
- On September 17, 2026, OIL's CMD stated the company plans to invest ₹15,000 crore in deepwater exploration over three years.
- On September 17, 2026, OIL's CMD outlined growth priorities including higher domestic production, accelerated exploration, strengthening the integrated energy value chain, and clean energy expansion.

- Oil India explores Singapore, India routes to repatriate USD 300 million dividend from Russia
- Stock Market Live Updates Today: Asian markets rally on falling oil, Vietnam braces for FTSE upgrade - The Times of India
- Stocks to watch: Tata group stocks, Wipro, BEL, Asian Paints, Puravankara
- Oil India plans to spend ₹15,000 crore for deepwater exploration over three years: CMD
- OIL CMD Ranjit Rath outlines the company's growth priorities

### What Changed

Oil India Limited (OIL) has recently outlined a growth strategy focused on increasing domestic production and expanding offshore exploration, aligning with the government's Samudra Manthan initiative. This strategy was presented at the company's 67th Annual General Meeting (AGM) on September 17, 2026. During FY 2025-26, OIL reported crude oil production of 3.450 MMT and natural gas production of 3.186 BCM. The company also achieved its highest crude oil production rate in 14 years at 10,566 MTPD. For the first quarter of FY27, OIL saw an 11% year-on-year increase in crude oil production to 0.950 MMT and reported a standalone quarterly profit after tax (PAT) of ₹2,870 crore. The company's consolidated PAT for FY 2025-26 was ₹7,551 crore, and a dividend of ₹11.50 per equity share was declared. At the AGM, shareholders approved all resolutions, including the adoption of financial statements and a final dividend of Re. 1 per share. In parallel, OIL is exploring methods to repatriate approximately USD 300 million in dividend income from Russia. The company also plans a significant investment of ₹15,000 crore over three years for deepwater exploration. As of September 18, 2026, the stock price was ₹475.7, a slight decrease from the previous day's price of ₹477.4.

- On September 17, 2026, Oil India Limited announced its growth roadmap at the 67th AGM, emphasizing domestic production and offshore exploration.
- For FY 2025-26, OIL produced 3.450 MMT of crude oil and 3.186 BCM of natural gas, with a consolidated PAT of ₹7,551 crore.
- In Q1 FY27, crude oil production increased 11% year-on-year to 0.950 MMT, and standalone quarterly PAT reached ₹2,870 crore.
- Shareholders approved all nine resolutions at the 67th AGM on September 17, 2026, including financial statements and dividends.
- Oil India is planning to invest ₹15,000 crore in deepwater exploration over the next three years and is exploring options to repatriate USD 300 million from Russia.

- Oil India explores Singapore, India routes to repatriate USD 300 million dividend from Russia
- Stock Market Live Updates Today: Asian markets rally on falling oil, Vietnam braces for FTSE upgrade - The Times of India
- Stocks to watch: Tata group stocks, Wipro, BEL, Asian Paints, Puravankara
- Oil India plans to spend ₹15,000 crore for deepwater exploration over three years: CMD
- OIL CMD Ranjit Rath outlines the company's growth priorities
- Oil India Limited has informed the Exchange regarding a press release dated September 17, 2026, titled "OIL outlines growth roadmap at 67th AGM; aligns offshore exploration with Samudra Manthan ". |SUBJECT: Press Release
- Oil India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 17, 2026 |SUBJECT: Shareholders meeting

### Official Filings

Oil India Limited (OIL) held its 67th Annual General Meeting (AGM) on September 17, 2026, where shareholders approved all resolutions. The company outlined a growth strategy focused on increasing domestic production and offshore exploration, aligning with the government's Samudra Manthan initiative. For the fiscal year 2025-26, OIL reported crude oil production of 3.450 Million Metric Tonnes (MMT) and natural gas production of 3.186 Billion Cubic Meters (BCM). The company also achieved a terminal crude oil production rate of 10,566 MTPD, its highest in 14 years, and completed 74 wells. Consolidated Profit After Tax (PAT) for FY 2025-26 was ₹7,551 crore, and a total dividend of ₹11.50 per equity share was declared. In the first quarter of FY27, crude oil production increased by 11% year-on-year to 0.950 MMT, with standalone quarterly PAT reaching a record ₹2,870 crore.

In other developments, OIL appointed M/s R K P Associates and M/s O P Totla & Co. as joint statutory auditors for the financial year 2026-27, following a directive from the Comptroller and Auditor General of India. This appointment was effective September 7, 2026. The company also announced the superannuation of Executive Director (Finance), Shri Jyotirmoy Bhattacharya, effective September 1, 2026. Separately, OIL Green Energy Limited, a subsidiary, signed Memoranda of Understanding (MoUs) with the Government of Haryana for four integrated waste-to-clean-energy projects. On August 25, 2026, the company was fined ₹9,66,420 each by BSE and NSE (totaling ₹19,32,840 inclusive of GST) for non-compliance with SEBI (LODR) Regulations related to the composition of the Audit Committee and the appointment of Independent Directors. OIL stated this non-compliance was beyond its control as a Government company and expects no material financial impact.

- On September 17, 2026, Oil India Limited held its 67th AGM, approving all resolutions and outlining a growth roadmap focused on domestic production and offshore exploration.
- For FY 2025-26, the company reported crude oil production of 3.450 MMT, natural gas production of 3.186 BCM, and a consolidated PAT of ₹7,551 crore.
- In Q1 FY27, crude oil production rose 11% year-on-year to 0.950 MMT, and standalone quarterly PAT reached a record ₹2,870 crore.
- M/s R K P Associates and M/s O P Totla & Co. were appointed as joint statutory auditors for FY 2026-27, effective September 7, 2026.
- On August 25, 2026, Oil India Limited was fined ₹19,32,840 (inclusive of GST) by BSE and NSE for non-compliance with SEBI (LODR) Regulations regarding director appointments and committee composition.

- Oil India Limited has informed the Exchange regarding a press release dated September 17, 2026, titled "OIL outlines growth roadmap at 67th AGM; aligns offshore exploration with Samudra Manthan ". |SUBJECT: Press Release
- Oil India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 17, 2026 |SUBJECT: Shareholders meeting
- Oil India Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors
- OIL INDIA LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- AS ON DATE : 31-Mar-2026 | PR_AND_PRGRP: 56.66 | PUBLIC_VAL: 43.34 | EMPTR: 0 | NDS_REVISED_STATUS: Revised | SUBMISSION_DT: 10-Apr-2026 | REVISION_DT: 04-Sep-2026
- SERIES:EQ |PURPOSE:DIVIDEND - RE 1 PER SHARE |FACE VALUE:10 |RECORD DATE:04-Sep-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-
- OIL INDIA LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Oil India Limited has informed the Exchange about General Updates - Change in Senior Management |SUBJECT: General Updates
- Oil India Limited has informed the Exchange regarding a press release dated August 30, 2026, titled "OIL Green Energy Limited signs MoUs with Government of Haryana for four Integrated Waste-to-Clean-Energy Projects". |SUBJECT: Press Release
- OIL INDIA LIMITED has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL

### Fundamentals

Oil India's recent operating performance shows a notable upward trend in revenue and profitability. Revenue from operations increased sequentially from ₹9,111.43 crore in Q3 FY2025-26 to ₹12,886.27 crore in Q1 FY2026-27. This top-line growth has been accompanied by an expansion in profit margins. Profit Before Exceptional Items And Tax grew from ₹2,133.51 crore in Q3 FY2025-26 to ₹5,142.47 crore in Q1 FY2026-27, indicating improved operating leverage as expenses grew at a slower pace than revenue. The company's Profit Loss For Period From Continuing Operations followed a similar trajectory, rising from ₹1,659.42 crore in Q3 FY2025-26 to ₹3,847.13 crore in Q1 FY2026-27. The tax expense also increased in line with pre-tax profits.

Key monitoring areas for Oil India include the sustainability of revenue growth and the continued expansion of profit margins. Investors should observe whether the company can maintain its cost management efficiency as revenue scales. The company's ability to translate revenue increases into higher net profits will be crucial, especially considering the rising tax expenses.

- Revenue from operations increased sequentially from ₹9,111.43 crore in Q3 FY2025-26 to ₹12,886.27 crore in Q1 FY2026-27.
- Profit Before Exceptional Items And Tax rose from ₹2,133.51 crore in Q3 FY2025-26 to ₹5,142.47 crore in Q1 FY2026-27.
- Profit Loss For Period From Continuing Operations grew from ₹1,659.42 crore in Q3 FY2025-26 to ₹3,847.13 crore in Q1 FY2026-27.
- Expenses increased from ₹7,634.47 crore in Q3 FY2025-26 to ₹8,093.63 crore in Q1 FY2026-27, a slower growth rate than revenue.
- Tax Expense increased from ₹474.09 crore in Q3 FY2025-26 to ₹1,295.34 crore in Q1 FY2026-27.

### Bull Case

Oil India is pursuing a significant expansion in its exploration activities, with plans to invest ₹15,000 crore over the next three years in deepwater exploration. This strategic focus aims to increase domestic oil and gas production, strengthen the company's integrated energy value chain, and explore opportunities in clean energy. Technical indicators suggest a constructive setup, with the daily and monthly trends indicating a bullish Super Trend direction. The stock has demonstrated positive returns over the medium term, with a 3-month return of 0.13 and a 1-year return of 0.19.

- Oil India plans to invest ₹15,000 crore in deepwater exploration over three years.
- The company aims to increase domestic oil and gas production and expand its clean energy initiatives.
- Daily and monthly technical trends show a bullish Super Trend direction as of 2026-09-18.
- The stock has achieved a 0.13 return over the past 3 months and a 0.19 return over the past year.

- Oil India explores Singapore, India routes to repatriate USD 300 million dividend from Russia
- Stock Market Live Updates Today: Asian markets rally on falling oil, Vietnam braces for FTSE upgrade - The Times of India
- Stocks to watch: Tata group stocks, Wipro, BEL, Asian Paints, Puravankara
- Oil India plans to spend ₹15,000 crore for deepwater exploration over three years: CMD
- OIL CMD Ranjit Rath outlines the company's growth priorities

### Bear Case

Oil India is navigating the complexities of repatriating a significant dividend of approximately USD 300 million from its Russian operations. The company is exploring various routes, including transfers to India or Singapore, to manage these funds. While the company has outlined substantial investment plans, including ₹15,000 crore for deepwater exploration over three years and a focus on increasing domestic oil and gas production, the repatriation of funds from Russia presents an operational constraint that requires careful management.

- Oil India is seeking to repatriate USD 300 million in dividend income from Russia.
- The company is exploring multiple routes, including India and Singapore, for fund repatriation.
- A planned investment of ₹15,000 crore is earmarked for deepwater exploration over the next three years.

- Oil India explores Singapore, India routes to repatriate USD 300 million dividend from Russia
- Stock Market Live Updates Today: Asian markets rally on falling oil, Vietnam braces for FTSE upgrade - The Times of India
- Stocks to watch: Tata group stocks, Wipro, BEL, Asian Paints, Puravankara
- Oil India plans to spend ₹15,000 crore for deepwater exploration over three years: CMD
- OIL CMD Ranjit Rath outlines the company's growth priorities

### FAQs

**What is Oil India's growth strategy and recent production performance?**

Oil India Limited (OIL) is focusing on increasing domestic oil and gas production, accelerating exploration including deep and ultra-deepwater opportunities, strengthening its integrated energy value chain, and selectively expanding in clean energy. This strategy aligns with the government's Samudra Manthan scheme. For the fiscal year 2025-26, OIL produced 3.450 million metric tons (MMT) of crude oil and 3.186 billion cubic meters (BCM) of natural gas. The company also achieved its highest crude oil production rate in 14 years, reaching 10,566 MTPD. In the first quarter of fiscal year 2027, crude oil production increased by 11% year-on-year to 0.950 MMT.

**What are Oil India's recent financial results and dividend payout?**

For the fiscal year 2025-26, Oil India Limited reported a consolidated Profit After Tax (PAT) of ₹7,551 crore and declared a total dividend of ₹11.50 per equity share. In the first quarter of fiscal year 2027, the company recorded its highest-ever standalone quarterly PAT of ₹2,870 crore. At the 67th Annual General Meeting on September 17, 2026, shareholders approved a final dividend of ₹1 per share.

**What is the company's planned investment in exploration?**

Oil India plans to invest ₹15,000 crore over the next three years specifically for deepwater exploration activities. The company anticipates no major technological challenges in executing this plan.

**What is the current technical outlook for Oil India's stock?**

As of September 18, 2026, technical indicators suggest a bullish trend on daily, weekly, and monthly timeframes, with the Supertrend indicator showing 'bullish' on all these periods. The stock's closing price was ₹475.7. Nearest support levels are observed around ₹472.3 and ₹470.77, while resistance levels are noted near ₹480.88 and ₹482.21.

- Oil India explores Singapore, India routes to repatriate USD 300 million dividend from Russia
- Stock Market Live Updates Today: Asian markets rally on falling oil, Vietnam braces for FTSE upgrade - The Times of India
- Stocks to watch: Tata group stocks, Wipro, BEL, Asian Paints, Puravankara
- Oil India plans to spend ₹15,000 crore for deepwater exploration over three years: CMD
- OIL CMD Ranjit Rath outlines the company's growth priorities
- Oil India Limited has informed the Exchange regarding a press release dated September 17, 2026, titled "OIL outlines growth roadmap at 67th AGM; aligns offshore exploration with Samudra Manthan ". |SUBJECT: Press Release
- Oil India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 17, 2026 |SUBJECT: Shareholders meeting
- Oil India Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors
- OIL INDIA LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- AS ON DATE : 31-Mar-2026 | PR_AND_PRGRP: 56.66 | PUBLIC_VAL: 43.34 | EMPTR: 0 | NDS_REVISED_STATUS: Revised | SUBMISSION_DT: 10-Apr-2026 | REVISION_DT: 04-Sep-2026
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹480.88
- Risk regime: Price Risk Currently Contained

### Support levels
- 472.3
- 451.06289062499997
- 396.175

### Resistance levels
- 482.2125
- 489.8220703125
- 502.6375

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.36% |
| return_10 | -2.92% |
| return_1m | -1.00% |
| return_1y | +19.18% |
| return_20 | -1.08% |
| return_3m | +13.10% |
| return_5 | -4.92% |
| return_6m | +1.12% |
| return_since_start | +8.83% |
| return_ytd | +11.26% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -30.52% |
| annualized_volatility | +33.62% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Growth Outpaces Expenses, Profit Before Tax Nearly Triples Year-on-Year

Oil India reported a sharp increase in revenue for the June 2026 quarter, while expenses grew at a much slower pace. This divergence drove profit before tax to ₹5,142 crore, nearly three times the ₹1,780 crore recorded a year earlier. Net profit from continuing operations rose to ₹3,847 crore, and earnings per share increased to ₹22.32 from ₹11.66. However, total comprehensive income remained flat as other comprehensive income fell sharply, offsetting the profit gain.

## Revenue and Expense Dynamics

Revenue from operations was ₹12,886 crore, up 47% from ₹8,750 crore in the same quarter last year and up 29% from the preceding March 2026 quarter. Expenses rose to ₹8,094 crore, a 12% increase year-on-year and only 4% sequentially. The much slower growth in expenses relative to revenue was the primary factor behind the profit expansion.

Key expense items included cost of materials consumed (₹2,269 crore), employee benefit expense (₹556 crore), depreciation (₹698 crore), and finance costs (₹302 crore). Changes in inventories of finished goods, work-in-progress and stock-in-trade provided a credit of ₹63 crore, reducing total expenses.

## Profitability and Tax

Profit before tax (PBT) reached ₹5,142 crore, up 189% year-on-year and 90% sequentially. The tax expense rose to ₹1,295 crore, with an effective tax rate of approximately 25.2%, similar to the 25.8% rate in the year-ago quarter. Net profit from continuing operations was ₹3,847 crore, up 191% year-on-year. Basic earnings per share from continuing operations increased to ₹22.32 from ₹11.66.

Finance costs decreased 21% sequentially to ₹302 crore but were 52% higher than the ₹199 crore in the year-ago quarter.

## Segment Performance

Segment profit before tax (which aggregates the performance of the company’s operating segments before unallocable items) was ₹5,322 crore, up 112% from ₹2,505 crore a year ago. The reported PBT of ₹5,142 crore is after accounting for other unallocable expenditure net of unallocable income, which was a net credit of ₹201 crore in the current quarter, compared to a net credit of ₹568 crore in the year-ago quarter. The reduction in this unallocable credit partially offset the segment profit growth but did not materially alter the overall profit trajectory.

## Other Comprehensive Income

Other comprehensive income (OCI) fell sharply to ₹235 crore from ₹2,210 crore in the same quarter last year, a decline of 89%. As a result, total comprehensive income for the period was ₹4,261 crore, virtually unchanged from ₹4,256 crore a year ago.

## Management Commentary

Oil India Limited reported its highest-ever standalone PAT of ₹2,870 crore for Q1FY27, a 2.5x increase YoY, supported by 11% growth in crude oil production and a price realization of USD 98.73/bbl. Consolidated PAT reached ₹4,027 crore, up 97% YoY, driven by strong performance from subsidiary NRL, which posted a 167% PAT jump to ₹1,305 crore with a GRM of $35.95/bbl. The company achieved record daily crude oil production of 10,921 MT on 27 June 2026 and produced 0.950 MMT for the quarter, underscoring its focus on energy security.

On the exploration front, management announced a natural gas discovery in the Vijaya Puram-3 well in the Andaman Basin, reaffirming the basin's potential. Additionally, OIL completed a highly deviated exploratory well in Assam with a record horizontal displacement of 3,116 metres, demonstrating advanced drilling capabilities. These operational milestones, combined with robust financial results, reflect management's strategic emphasis on production growth, cost efficiency, and exploration success.

## Key Takeaway

Oil India’s June 2026 quarter was defined by a sharp divergence between revenue growth and expense growth, leading to a near-tripling of profit before tax. However, a steep decline in other comprehensive income meant that total comprehensive income was flat year-on-year, a nuance that investors should consider alongside the headline profit growth.

### Ratios

## Official filings

- 2026-09-18 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_18092026192109_REG44VOTINGRESULTSANDSCRUTINIZERREPORT.pdf)
- 2026-09-18 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_18092026194819_MoA_AoA_signed.pdf)
- 2026-09-18 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_18092026200634_Board_Fine_Penalty_signed.pdf)
- 2026-09-17 — Press Release: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_17092026160527_PressRelease17092026_signed.pdf)
- 2026-09-17 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_17092026183927_AGMProceedings.pdf)
- 2026-09-09 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_09092026170219_Reg30StatAuditor.pdf)
- 2026-09-09 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2906_WebXMLFile_20260909_175603941.xml)
- 2026-09-08 — Shareholding Disclosure: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1721627_04092026085126_WEB.xml)
- 2026-09-04 — Corporate Action Notice: Oil India Limited - Ex-Date: 04-Sep-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-08-31 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2906_WebXMLFile_20260831_171928223.xml)
- 2026-08-31 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_31082026171355_ED31082026_signed.pdf)
- 2026-08-30 — Press Release: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_30082026072005_CBGHARYANA_signed.pdf)
- 2026-08-27 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_2906_WebXMLFile_20260827_155522604.xml)
- 2026-08-26 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_26082026182250_Reg_30_Fine_signed.pdf)
- 2026-08-26 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_26082026182839_Adv_signed.pdf)
- 2026-08-25 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_25082026142603_AGMNoticeFinal_signed.pdf)
- 2026-08-25 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_2906_WebXMLFile_20260825_171816351.xml)
- 2026-08-24 — Annual Report: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/annual_reports/AR_30591_OIL_2025_2026_A_20513638_25082026155451.pdf)
- 2026-08-22 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_22082026142128_NewspaperAGMNotice_signed.pdf)
- 2026-08-19 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_19082026155959_Covering19082026_signed.pdf)
- 2026-08-19 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_19082026164640_DateofAGMandRecordDate_signed.pdf)
- 2026-08-19 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_19082026162812_DateofAGMandRecordDate_signed.pdf)
- 2026-08-14 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_14082026181554_CoveringforTDSthroughemail_signed.pdf)
- 2026-08-13 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2906_WebXMLFile_20260813_120729475.xml)
- 2026-08-12 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_12082026191155_FinalTranscript_signed.pdf)

## News and market events

- 2026-09-18 — NEWS.WEBINDIA123.COM: **Oil India explores Singapore, India routes to repatriate USD 300 million dividend from Russia** — State-run Oil India Limited (OIL) is exploring options to repatriate about USD 300 million in dividend income currently held at the State Bank of Indias Moscow branch, with the company considering routes to transfer the funds either to India or Singapore. — [Source](https://news.webindia123.com/news/articles/business/20260918/4500175.html)
- 2026-09-18 — Times of India: **Stock Market Live Updates Today: Asian markets rally on falling oil, Vietnam braces for FTSE upgrade - The Times of India** — Expectations for Friday's trading session point to a flat to mildly positive opening for domestic equity benchmarks, with early signals from GIFT Nif — [Source](https://timesofindia.indiatimes.com/business/india-business/sensex-stock-market-today-18-september-2026-live-updates-nse-bse-gift-nifty-50-top-gainers-losers-mcx-stocks-in-focus-market-news/liveblog/134324151.cms)
- 2026-09-18 — BUSINESS: **Stocks to watch: Tata group stocks, Wipro, BEL, Asian Paints, Puravankara** — Stocks to watch today: Navratna defence PSU Bharat Electronics (BEL) has secured additional orders worth ₹648 crore. — [Source](https://www.business-standard.com/markets/news/stocks-to-watch-september-18-tata-group-stocks-wipro-bel-asian-paints-puravankara-126091800111_1.html)
- 2026-09-17 — The Hindu: **Oil India plans to spend ₹15,000 crore for deepwater exploration over three years: CMD** — Oil India plans a ₹15,000 crore investment in deepwater exploration over three years, expecting no major technological challenges. — [Source](https://www.thehindu.com/business/industry/oil-india-plans-to-spend-15000-crore-for-deepwater-exploration-over-three-years-cmd/article71477862.ece)
- 2026-09-17 — Economic Times: **OIL CMD Ranjit Rath outlines the company's growth priorities** — OIL is eyeing higher domestic oil and gas production, accelerated exploration including deep and ultra-deepwater opportunities, strengthening of its integrated energy value chain and selective expansion in clean energy. — [Source](https://economictimes.indiatimes.com/industry/energy/oil-gas/oil-cmd-ranjit-rath-outlines-the-companys-growth-priorities/articleshow/134315456.cms)
- 2026-09-17 — NEWS.WEBINDIA123.COM: **Oil India targets 4 million metric tonnes of crude oil production this year: CMD** — State-owned Oil India Limited (OIL) is targeting crude oil production of around 4 million metric tonnes this year, with production currently running at about 86,000 barrels per day, Chairman and Managing Director Ranjit Rath said on Thursday. — [Source](https://news.webindia123.com/news/articles/business/20260917/4499902.html)
- 2026-09-17 — Mint: **Top stocks in focus tomorrow: Investors must watch Wipro, Bharat Electronics, DMart shares on Fri, 18 Sept | Triggers** — Investors in the Indian stock market will track developments from companies such as Bharat Electronics and Oil India on September 18. The market demonstrated modest gains on September 17, with the Nifty 50 up 0.23%, despite the US Federal Reserve's rate hike. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-in-focus-tomorrow-investors-must-watch-wipro-bharat-electronics-dmart-shares-on-fri-18-sept-triggers-11789641035492.html)
- 2026-09-17 — Mint: **Oil India to invest ₹15,000 crore over next three years to explore offshore deepwater blocks: CMD | Company Business News** — The announcement comes about a month after the Union cabinet approved a national offshore exploration scheme with an outlay of ₹84,084 crore until FY31. — [Source](https://www.livemint.com/companies/oil-india-to-invest-15-000-crore-over-next-three-years-to-explore-offshore-deepwater-blocks-cmd-11789652879876.html)
- 2026-09-17 — The Hindu: **Emami approves ₹282-crore share buyback at maximum price of ₹475** — The FMCG maker will use the open-market route for the proposed repurchase, its first such buyback since 2023. — [Source](https://www.thehindubusinessline.com/markets/emami-approves-282-crore-share-buyback-at-maximum-price-of-475/article71477316.ece)
- 2026-09-17 — MONEYCONTROL: **Oil India charts out Rs 15,000 crore capex for deepwater exploration over next three years** — oil india, dividends, russia, AGM, capex, deepwater, exploration, samudra manthan — [Source](https://www.moneycontrol.com/news/business/economy/oil-india-charts-out-rs-15-000-crore-capex-for-deepwater-exploration-over-next-three-years-14032340.html)
- 2026-09-17 — The Hindu: **Oil India plans ₹15,000 crore deepwater exploration push** — Oil India plans ₹15,000 crore capex over three years to expand deep and ultra-deepwater exploration and boost domestic oil and gas production. — [Source](https://www.thehindubusinessline.com/companies/oil-india-plans-15000-crore-capex-for-deep-ultra-deepwater-exploration/article71477224.ece)
- 2026-09-17 — Economic Times: **Oil India to invest Rs 15,000 crore over three years in deepwater exploration, eyes eight wells** — Oil India plans to invest approximately fifteen thousand crore rupees in deepwater exploration over three years. The company intends to drill eight wells, contingent on seismic data interpretation for identifying prospects. The government is actively promoting deepwater exploration and offering financial support for drilling costs. Oil India will partner with foreign firms for upcoming exploration licensing rounds. Current global market conditions encourage companies to invest in exploration act... — [Source](https://economictimes.indiatimes.com/industry/energy/oil-gas/oil-india-to-invest-rs-15000-crore-over-three-years-in-deepwater-exploration-eyes-eight-wells/articleshow/134313995.cms)
- 2026-09-17 — Economic Times: **Oil India explores route to bring back $300 million stuck in Russia** — Oil India aims to repatriate a $300 million dividend from Russian oil assets. These funds are currently stranded in Moscow due to Western sanctions. The company is exploring solutions to transfer the money held in State Bank of India. Meanwhile, Oil India expands its domestic refining and transportation infrastructure. New projects include a refinery expansion and a long crude oil pipeline. — [Source](https://economictimes.indiatimes.com/industry/energy/oil-gas/oil-india-explores-route-to-bring-back-300-million-stuck-in-russia/articleshow/134309180.cms)
- 2026-09-15 — BUSINESSTODAY: **ITC, HDFC Bank, ONGC shares: Greater fool theory at play; explaining investor apathy towards largecaps** — ITC share price, HDFC Bank share price, ONGC share price, ITC shares, HDFC Bank shares, ONGC shares — [Source](https://www.businesstoday.in/markets/stocks/story/itc-hdfc-bank-ongc-shares-greater-fool-theory-at-play-explaining-investor-apathy-towards-largecaps-555633-2026-09-15)
- 2026-09-12 — The Hindu: **India’s newest Maharatna refiner eyes East, Northeast domination after expansion** — Numaligarh Refinery Limited aims to dominate Eastern and Northeastern India's fuel market with a 9 MMTPA expansion by 2027. — [Source](https://www.thehindu.com/news/national/assam/indias-newest-maharatna-refiner-eyes-east-northeast-domination-after-expansion/article71456624.ece)
- 2026-09-11 — NEWS.WEBINDIA123.COM: **NRL's bamboo-based plant produces 2G ethanol; stabilisation underway ahead of commercial production: Chairman** — Numaligarh Refinery Limited's (NRL) bamboo-based second-generation ethanol plant has produced 2G ethanol and is currently undergoing stabilisation before moving towards commercial production and higher capacity utilisation, Oil India Limited Chairman and Managing Director and NRL Chairman Ranjit Rath said. — [Source](https://news.webindia123.com/news/articles/business/20260911/4497505.html)
- 2026-09-11 — MONEYCONTROL: **Airline, OMCs, paint and tyre stocks fall up to 5% as Brent nears $110; SpiceJet, HPCL among major losers** — crude oil rises, OMC stocks fall, aviation shares decline, tyre stocks down, paints stocks fall — [Source](https://www.moneycontrol.com/news/business/markets/airline-omcs-paint-and-tyre-stocks-fall-up-to-5-as-brent-nears-110-spicejet-hpcl-among-major-losers-14027679.html)
- 2026-09-10 — IANSLIVE.IN: **Samudra Manthan Mission can open new frontiers in energy exploration: Oil India CMD** — Guwahati, Sep 10 (IANS) State-owned Oil India Limited (OIL) is stepping up its focus on research, innovation and startups to unlock new opportunities across the energy sector, with its collaboration with the Indian Institute of Technology (IIT) Guwahati emerging as an important part of the initiative. — [Source](https://ianslive.in/oil-india-iit-guwahati-join-hands-to-drive-energy-innovation-and-startup-growth--20260910203625)
- 2026-09-10 — MONEYCONTROL: **ONGC, Oil India shares rise up to 2.5% as Brent crude holds above $100** — ONGC, Oil India, Brent crude — [Source](https://www.moneycontrol.com/news/business/markets/ongc-oil-india-shares-rise-up-to-2-5-as-brent-crude-holds-above-100-14026788.html)
- 2026-09-09 — BUSINESSTODAY: **BPCL, IOC, HPCL shares unfazed as Brent crude hits $100 a barrel for first time since July** — Brent crude, $100 oil, Oil India, ONGC, BPCL, IOC, Reliance Industries, Nifty Oil & Gas, crude oil prices, US-Iran tensions — [Source](https://www.businesstoday.in/markets/stocks/story/bpcl-ioc-hpcl-shares-unfazed-as-brent-crude-hits-100-a-barrel-for-first-time-since-july-554239-2026-09-09)
- 2026-09-09 — BUSINESS: **Chennai Petroleum, MRPL, Oil India rise up to 5% as crude price nears $100** — Analyst said that the current rally in upstream oil and refining companies is primarily driven by elevated crude oil prices. — [Source](https://www.business-standard.com/markets/news/chennai-petroleum-mrpl-oil-india-rise-up-to-5-as-crude-price-nears-100-126090900372_1.html)
- 2026-09-09 — CNBC-TV18: **JM Financial picks Oil India as top bet, sees 15% earnings-compounding story** — Dayanand Mittal, Oil & Gas Research Analyst at JM Financial Institutional Securities explains the impact of supply disruptions, higher crude premiums and soaring diesel cracks on India’s oil and gas sector, while outlining his preferred stocks and longer-term sector opportunities. — [Source](https://www.cnbctv18.com/market/oil-india-top-pick-brent-hormuz-ongc-gail-petronet-jm-financial-19987214.htm)
- 2026-09-09 — BUSINESSTODAY: **Chennai Petroleum, MRPL, Oil India shares gain as Brent nears $100** — Chennai Petroleum, CPCL shares, MRPL shares, Mangalore Refinery, Oil India shares, ONGC shares, Brent crude, crude oil prices, West Asia conflict, oil stocks, refinery stocks, Choice Institutional Equities, MRPL target price, CPCL target price, oil marketing companies, OMCs — [Source](https://www.businesstoday.in/markets/stocks/story/chennai-petroleum-mrpl-oil-india-shares-gain-as-brent-nears-100-554149-2026-09-09)
- 2026-09-09 — Times of India: **Copper hits all-time high, Brent nears century mark** — India Business News: MUMBAI: Copper and crude oil, two important industrial raw materials for several industries, are on a tear. According to notes from Vedanta and ICICI . — [Source](https://timesofindia.indiatimes.com/business/india-business/copper-hits-all-time-high-brent-nears-century-mark/articleshow/133946708.cms)
- 2026-09-08 — The Hindu: **ONGC backs ₹2,000-crore energy start-up fund, signs pact with IIT Bombay** — ONGC announces a ₹2,000 crore fund for energy start-ups at IIT Bombay, aiming to boost deeptech innovation in the sector. — [Source](https://www.thehindubusinessline.com/companies/ongc-backs-2000-crore-energy-start-up-fund-signs-pact-with-iit-bombay/article71442883.ece)

## Business profile

**Strategic vision:** Integrated energy company in oil and gas sectors.

### Business segments
- **Upstream Exploration and Production:** Possesses expertise in the entire exploration and production (E&P) value chain, including seismic activities, drilling, field development, production, reservoir management, and IOR/EOR techniques.
- **Midstream Pipeline Operations:** Operates and maintains a crude oil pipeline network stretching 1157 km, aiming to optimize the hydrocarbon value chain.
- **Downstream Refining:** Holds a 69.63% stake in Numaligarh Refinery and is expanding exploration into offshore areas.

### Competitive strengths
- State-owned enterprise status
- Integrated energy operations across the value chain
- Extensive E&P infrastructure
- Established crude oil pipeline network

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/oil
Markdown representation: https://faxioms.com/stocks/oil?render=md