Overview
- Consolidated net profit rose to Rs 12,615 crore in Q2 FY26, up 28.2% year on year, while standalone net profit fell 17.8% to Rs 9,848 crore.
- Average nominated crude realization declined to $67.34 per barrel from $78.33 a year earlier, with JV crude at $68.35, pressuring upstream earnings.
- The board declared an interim dividend of Rs 6 per share (120%), totaling Rs 7,548 crore, with a record date of November 14, 2025.
- Standalone crude oil output increased 1.2% to 4.630 MMT in the quarter and gas production was broadly flat at 4.918 BCM.
- ONGC reported two new hydrocarbon discoveries in H1 and said ultra-deepwater drilling in the Andaman Offshore and seismic work on both coasts are progressing.