India is among the biggest importers of oil and it imports nearly 85% of its oil requirement. Hence, the Indian economy is vulnerable to changes in oil prices. Even gas prices are subject to changes in prices in international markets.

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An investor needs the right information while online trading in share market to judge the price movements and analyse the fundamentals of oil and gas companies. In today’s blog, we will analyse top oil and gas stocks to help an investor in their analysis.

1.   Oil India

Oil India is a government-owned entity that comes under the Ministry of Petroleum and Natural Gas. The company has offices in Duliajan, Jodhpur, Noida, and Guwahati. Oil India produces crude oil, liquified natural gas, and natural gas, and is also into pipeline transportation.

The company has 1,56,890 square kilometres area of production facilities in India and Overseas. The company owns three blocks as operator, eight as non-operator, and two with overseas joint venture partners.

  • Oil India Share Price as on June 2023: ₹ 256+
  • Market Cap: ₹ 278.42 billion

2.   ONGC

ONGC is one of the top oil and gas firms in India. ONGC deals in the production of crude oil, exploration of energy, Natural gas, and LPG. Besides the traditional sources of energy, the company also produces value-added products like Kerosene, NGL, C2-C3, and others.

ONGC operates under two brands namely MRPL (Mangalore Refinery & Petrochemicals Limited) and ONGC Videsh Limited (OVL).

3.   Adani Gas

Adani Gas is mainly into city gas distribution (CGD) networks to supply CNG (Compressed Natural Gas) to the transport sector and PNG (Piped Natural Gas) to household, commercial, and industrial customers.

In PNG, the company offers Industrial PNG, Residential PNG, and Commercial PNG. The government has authorized the firm to operate in 33 geographies.

Adani Gas has two subsidiaries – Adani Total Energies Biomass Ltd. and Adani Total Energies E-Mobility Ltd. to expand its footprint into Biomass and E-Mobility businesses respectively.

  • Adani Gas Share Price as on June 2023: ₹ 664+
  • Market Cap: ₹ 801.98 billion

4.  BPCL

BPCL products and explores petrol and petrol-related products. BPCL also has a retail business unit which produces and sells diesel, kerosene, and petrol.

BPCL's product mix includes greases, gear oils, speciality oils, transmission oils, and automotive engines. The company has its LPG business unit known as Bharat Gas, which has a country-wide presence.

  • BPCL Share Price as on June 2023: ₹ 370+
  • Market Cap: ₹ 784.61 billion

5.   GAIL

GAIL India is known for natural gas production in the country. The company has an integrated natural gas solution starting from exploring and production, reaching to distribution, transmission, and marketing of the natural gas.

GAIL India has diversified into liquid hydrocarbons and petrochemicals. With a strong distribution channel, they have managed to transport their products efficiently.

  • GAIL Share Price as on June 2023: ₹ 106+
  • Market Cap: ₹ 698.6 billion

Conclusion

Investing in Oil and Natural Gas stocks via your online stock trading account needs extra care since these stocks are exposed to various factors. An investor should consider their risk tolerance, objective, and time horizon, among other things to invest in any of these stocks.

 

 

 

 

(Above mentioned article is consumer connect initiative. This article is a paid publication and does not have journalistic/editorial involvement of IDPL, and IDPL claims no responsibility whatsoever)